Amedisys enters contract to acquire Beacon Hospice Amedisys.

Amedisys enters contract to acquire Beacon Hospice Amedisys, Inc. , one of America’s leading home health and hospice companies, today announced it offers signed a definitive agreement to obtain Beacon Hospice, Inc ., and is regarded as one of the premier hospice businesses in the New England area. Founded in 1993, Beacon has grown to include 23 free-standing locations and one inpatient unit, serving the claims of Massachusetts , Maine , New Hampshire , Rhode Island and Connecticut . Total annualized revenue for Beacon this year 2010 was approximately $80 million. This deal remains subject to customary closing conditions, including regulatory approvals, and can be likely to add $0.05 to $0.07 to Amedisys’ earnings in 2011 excluding one-time transaction related costs.

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