Amedisys announced that it has signed a definitive agreement to divest its personal care division to HouseWorks.
As a company, Amedisys delivers a number of offerings, including home health, hospice, personal care and high-acuity care services. Home health and hospice are its two largest segments, reports Home Health Care News.
The plan is for the private equity-backed HouseWorks to take over Amedisys’ personal care division.
In fourth-quarter earnings disclosures, Amedisys reported that its personal care division brought in $15.9 million in revenue in Q4, and $61.4 million in revenue for all of 2022. The company also reported that billable hours and clients served fell by 9% and 2%, respectively, year over year. Read more.
