Hospice News January 13, 2022
The acquisition of Contessa Health by Amedisys (NASDAQ: AMED) is opening new lines of communication with hospitals and health systems that could fuel further expansion by the home health and hospice provider.
Amedisys purchased Contessa in June 2021 for a total consideration of $250 million. Contessa Health is a Tennessee-based company that provides hospital-at-home and skilled nursing-at-home services. Amedisys purchased the company in conjunction with efforts to expand their range of high-acuity services.
Amedisys executives speaking at the JP Morgan Healthcare Conference indicated that the company’s work with Contessa is spurring discussions about potential new acquisitions, including the home health and hospice assets of some hospital systems.
“We’re having a lot of good conversations with hospital systems now — relatively...