Amedisys Acquires Personal Care Firm In MA
BATON ROUGE (AP) — Louisiana-based home health and hospice company Amedisys Inc. plans to acquire Professional Profiles Inc., a Danvers, Massachusetts-based personal care company for $4.4 million.
The deal, announced Monday, is expected to close on Sept. 1.
Professional Profiles Inc. provides non-medical services that range from assistance with bathing and shopping to heavy chores, such as carpet cleaning and helping hoarders clean, sort and organize their possessions. The company serves around 1,000 customers a year and has annual revenue of about $9.7 million. Professional Profiles has 384 employees and branch offices in Brookline, Melrose and Lowell.
"This transaction solidifies our footprint in Massachusetts, building on our March acquisition of Associated Home Care, the leading personal care company in Greater Boston," Amedisys President and Chief Executive Officer Paul Kusserow said in a news release. "It also takes us yet another key step closer to achieving our long-term strategy in adding personal care to complement our home health and hospice businesses in Massachusetts."
The Advocate’s Ted Griggs reports Amedisys also acquired Associated Home Care for $28 million. The company was Amedisys' first private-duty home health acquisition. These companies don't accept Medicare, which accounts for the bulk of Amedisys' revenue. Associated cares for more than 5,000 seniors each day and has more than 1,500 employees with nine branch offices in Massachusetts. Associated has annual revenue of about $40 million.