Amedisys, Inc. (AMED) stock is currently being traded at $202 in the aftermarket after an increase of $2.57 (1.28%) after closing at $200.13 last day. With the current average volume of 155.036K, the stock has suffered a loss of 21.91% in the recent trading session.
The decline came after news that AMEDISYS, Inc. (AMED) released its Q2 financial report on August 4, 2021. The data was till the date of 30 June 2021. The revenue has increased by $79.2M. According to the report, they have closed the acquisition of Contessa Health, a skilled nursing facility. Based on SEC-13F filings being tracked by Insider Monkey currently, 32 Hedge funds have holdings in AMEDISYS, Inc. (AMED). D E Shaw and Co claim the number one spot with 319,640 shares.
With the recent acquisition, AMEDISYS, Inc. (AMED) thinks of a promising future about the development in its Hospice segment. The AMED thinks that they are behind in both average daily census growth as well as admission. This is the reason that AMEDISYS, Inc. (AMED) is hiring more employees for expanding its hospice section. The document moreover talks about how COVID-19 has disrupted the system and as it has evolved has continue to disturb the healthcare system. Any new governmental restrictions could also potentially impact the business so they have updated their 2021 guidance based on the above-said details.
Not long ago most of the recovery approach for the patients revolved around the medicinal approach. But times changed and more people became inclined for physical therapy and rehabilitation ways. This is when the industry started to grow and huge amounts of investments started getting poured in it.
AMED and its Services.
Amedisys Inc. was founded with the idea of providing the best medical healthcare for the patients whether it’s home-based or not. They provide rehabilitation facilities for their patients after they have undergone surgery or been through an injury. According to the official data, more than 59,000 physicians and 3000 Hospitals in the US have chosen Amedisys as a partner. AMEDISYS, Inc. (AMED) owns 524 centers in 39 states and the District of Columbia. According to a press release on 13th July 2021, the company is set to open Westchester County Home Health Care Center.
AMEDISYS, Inc. (AMED) provides its services in Home Health Care, Hospice Care, Personal Care and Palliative Care. They aim at targeting different parts of care services. The future plans to bring improvements in their leadership and their overall system.
