Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
BATON ROUGE, La. (AP) — Baton Rouge-based home nursing company Amedisys Inc. reported a first-quarter loss of $12.4 million, or 39 cents per share, compared to a profit of $2.7 million, or 9 cents per share a year ago.
However, the 2014 results included $16.1 million in costs, most of which were related to closing centers and restructuring expenses. With that amount added back, Amedisys lost $2.2 million, or 7 cents per share.
The Advocate reports (http://bit.ly/1sqmnf7) Amedisys announced last month it was closing 23 home health centers, six hospice centers and consolidating 25 other centers.
Amedisys' revenue was close to that projection. The company reported first-quarter revenue dropped to $298.7 million from $328.6 million a year earlier.
___
Information from: The Advocate, http://theadvocate.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
