-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UV81c7X9tGVJstlxILmwi3A33kYCBkzfa//NLNaAFxEdv1h1WJmO1UEoDJ3XCz5K H4qb5zDP6Cbw309Oa54n3w== 0000950134-01-503201.txt : 20010618 0000950134-01-503201.hdr.sgml : 20010618 ACCESSION NUMBER: 0000950134-01-503201 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010613 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010615 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMEDISYS INC CENTRAL INDEX KEY: 0000896262 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HOME HEALTH CARE SERVICES [8082] IRS NUMBER: 113131700 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24260 FILM NUMBER: 1661199 BUSINESS ADDRESS: STREET 1: 11100 MEAD ROAD STE 300 CITY: BATON ROUGE STATE: LA ZIP: 70816 BUSINESS PHONE: 2252922031 MAIL ADDRESS: STREET 1: 11100 MEAD ROAD STE 300 CITY: BATON ROUGE STATE: LA ZIP: 70816 FORMER COMPANY: FORMER CONFORMED NAME: ANALYTICAL NURSING MANAGEMENT CORP DATE OF NAME CHANGE: 19940819 FORMER COMPANY: FORMER CONFORMED NAME: M&N CAPITAL CORP DATE OF NAME CHANGE: 19930125 8-K 1 d88429e8-k.txt FORM 8-K 1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K - -------------------------------------------------------------------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): June 13, 2001 AMEDISYS, INC. -------------- (Exact Name of Registrant as Specified in Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 0-24260 11-3131700 -------- ---------- (Commission File Number) (I.R.S. Employer Identification No.) 11100 Mead Road, Suite 300, Baton Rouge, LA 70816 ------------------------------------------------- (Address of principal executive offices including zip code) (225) 292-2031 -------------- (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS On June 13, 2001, Amedisys, Inc., "the Company", issued a press release attached hereto as Exhibit 99.1 to announce that it has overstated net service revenues for the quarters ended December 31, 2000 and March 31, 2001. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibit No. Page 99.1 (i) Press Release dated June 13, 2001 announcing that the Company has overstated net service revenues for the quarters ended December 31, 2000 and March 31, 2001........... A-1 (i) Filed herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMEDISYS, INC. By: /s/ John M. Joffrion -------------------------------------------- John M. Joffrion Senior Vice President of Finance Principal Accounting and Financial Officer DATE: June 14, 2001 EX-99.1 2 d88429ex99-1.txt PRESS RELEASE DATED JUNE 13, 2001 1 For Immediate Release EXHIBIT 99.1 AMEDISYS ANNOUNCES NET SERVICE REVENUE OVERSTATEMENT BATON ROUGE, Louisiana (June 13, 2001) - Amedisys, Inc. (OTC BB: "AMED") today announced that it believes that it has overstated its net service revenues for the quarters ended December 31, 2000 and March 31, 2001. The implementation of the Prospective Payment System ("PPS") on October 1, 2000 made significant changes to the reimbursement methodology for home health nursing companies, necessitating changes to systems processing provider and patient-specific claims for both the intermediary and the individual home health provider. The Company noted certain discrepancies in these systems which had the effect of overstating net service revenues. At this time, the Company is continuing to verify all the data to determine the overall impact upon previously reported revenues. While the Company has not yet determined the exact amount, it believes the resulting negative adjustment to net service revenues could range between $4 and $7 million, to be allocated between the fourth quarter of 2000 and the first quarter of 2001. The Company expects to report actual adjustments as soon as possible. The Company expects to be profitable in the quarter ending June 30, 2001 with continued growth in revenue and profitability throughout the year. A conference call has been scheduled for 9:00 a.m. Eastern Time on Thursday, June 14, 2001, to discuss these issues. The call will be hosted by Bill Borne, Chief Executive Officer of Amedisys, Inc. TO PARTICIPATE IN THE CONFERENCE CALL, PLEASE DIAL 800-388-8975 A FEW MINUTES BEFORE 9:00 A.M. EDT ON JUNE 14, 2001. A REPLAY OF THE CONFERENCE CALL WILL BE AVAILABLE THROUGH JUNE 21, 2001, BY DIALING 800-428-6051. THE ACCESS CODE IS #197048 FOR THE REPLAY. Amedisys, Inc. is a multi-regional provider of home health nursing services and is headquartered in Baton Rouge, Louisiana. Its common stock trades on the OTC Bulletin Board under the symbol "AMED". This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, changes in government reimbursement procedures, dependence upon third-party vendors, and other risks discussed in the Company's periodic filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. 2 Additional information on this Company can be found on the World Wide Web http://www.amedisys.com For further information, please contact: John Joffrion, Senior Vice President at (225) 292-2031 or RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or via e-mail at info@rjfalkner.com -----END PRIVACY-ENHANCED MESSAGE-----