Amedisys Closes Contessa Acquisition, Secures $1B Credit Facility

Amedisys closed on its previously announced acquisition of Contessa Health, a hospital-at-home and skilled nursing facility offerring at-home services. With the addition of Contessa’s risk-based model and claims analytics capabilities, the company said it will be able to bring the essential elements of inpatient hospital and SNF care to patients’ homes, allowing it to become a risk-bearing, home-based care delivery organization, expanding well beyond traditional Home Health and Hospice. Contessa will operate as a wholly owned division of Amedisys and will be reported as a separate operating segment in future filings.

Amedisys also said it we entered into the second amendment to a credit agreement that provides for a senior secured credit facility in an initial aggregate principal amount of up to $1 billion. Read more.

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