Amedisys^™

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Amedisys^™

A Healthy Investment

NASDAQNM: AMED

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Statements contained in this presentation which are not historical facts are forward-looking statements. These forward-looking statements and all other statements that may be contained in this presentation that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially than those forecasted. Such forward-looking statements are estimates reflecting the best judgment of Amedisys, Inc. management based upon currently available information. Certain factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by Amedisys, Inc. with the Securities and Exchange Commission, and forward-looking statements contained herein, or other public statements of Amedisys, Inc. or its management should be considered in light of those factors.

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Corporate

Overview

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Corporate Overview

Amedisys is a leading provider of home health care nursing services.

The Company operates 74 home care locations in the southern and southeastern United States.

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Our Purpose

To assist our patients in maintaining and improving the quality of their lives

Our Strategy

To offer low-cost outcome driven health care at home as an alternative to facility-based care

Our Mission

To become the home care agency of choice in the markets we serve

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Investment Highlights

• Rapidly growing industry

• Technology focused

• Clear growth strategy

• Operating leverage

• Successful acquisition record

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Market

Opportunity

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What is Home Health Care?

“Medical care delivered to a homebound patient by licensed

professionals supervised by the patient’s physician.”

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What Does Amedisys Offer?

Care in These Areas…

Diabetes	Cardiac	Wound Care
Orthopedics	Cancer	Neurology
Rehabilitation		Post-Surgical
Antibiotic Therapy		Respiratory
Pain Mgt.	Hydration	Malnutrition

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Largest Home Nursing Company in the South

74 Locations

[MAP]

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Home Care Growth Drivers

• Trend from facility to non-facility based care

• Consolidation of fragmented industry

• Aging population

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Positioned in a Growing Industry

[GRAPHIC]

Source: Health, U.S. 1999, Health and Aging Chartbook, U.S. Health and Human Services Dept. [GRAPHIC]

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Leader in the Largest Industry Segment

[PIE CHART] Nursing Amedisys Gentiva National Home Health Care Infusion Option Care Respiratory Apria Lincare Hospice Odyssey Vistacare

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Medicare

Overview

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Medicare Overview

Prospective Payment System (PPS)

• PPS commenced October 1, 2000

• PPS is a capitated payment system

• PPS is based on per episode payments

• Current CMS expenditure is $10 billion

• Medicare accounts for 90% of AMED revenue

• Requires careful episode management

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Reimbursement Outlook

• Inflation adjustment effective Oct. 1^st each year

– 3.03% in 2003

– 2.00% to 3.00% in 2004

• Potential legislation

– Higher reimbursement for rural patients

– Reduction in inflation adjustment

– Small patient co-pay

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Financial

Performance

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Financial Highlights

• Revenue increased 18% to $129 million in 2002

• June Quarter EPS of $0.16

• Stronger balance sheet

• 9.7 million shares outstanding

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Financial Performance

Revenue Growth

[GRAPHIC]

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Financial Performance

[GRAPHIC]

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Financial Performance

Strengthened Balance Sheet

[GRAPHIC]

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Growth

Strategy

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Clear and Identifiable Growth Strategy...Internal

• Expand service area with start-ups

• Enhance physician relationships

• Develop strategic hospital partnerships

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Clear and Identifiable Growth

Strategy ... Disciplined Acquisitions

• Expand within geographic footprint

• Target hospital based and multi-site agencies

– Compatible payor mix

– Underperforming agencies

– Reasonable pricing

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Successful Record of Integrating Acquisitions

Precision Home Health	April 1998	Louisiana
Columbia HCA	November 1998	Southern States
Northwest Home Health	October 2000	Georgia
Mid-Florida Home Health	November 2000	Florida
Seton Home Health Services	April 2001	Alabama
HealthCalls	June 2001	South Carolina
Christus Spohn Home Health	April 2002	Texas
Baylor All Saints Home Care	August 2002	Texas
Metro Home Health	August 2003	Louisiana

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Metro Home Health Acquisition

• Strong market presence in Southeast Louisiana

• Talented and aggressive management team

• Revenue of $17 M

• Expected to be accretive

– In 2003 $0.03 to $0.04

– In 2004 $0.07 to $0.10

• Internally financed

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Technology...

Information System Initiatives

• Automatic scheduling

• Scanning technology for assessments

• Real time episode analysis

• Centralized review of quality indicators

• Web based HR system

• Executive information system

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Long Term Revenue Growth Potential

Internal Growth	=	Episode Growth	+	Payment Increase*	15	%
		13%		2%
Acquisitions					15	%

Long Term Revenue Growth Potential 30%

*Etstimated Medicare Payment Increase from 2003 forward

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Earnings Guidance

• September Quarter 2003

– $ 0.16 to $0.19

• Fiscal Year 2003

– $ 0.63 to $0.67

• Fiscal Year 2004

– Objective of 20% plus growth

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Leadership Team

Executive Team	Board of Directors
William F.Borne,	William F. Borne, Chairman
Founder, CEO	Ronald A. LaBorde
Larry R. Graham,	Jake L. Netterville
Chief Operating Officer	David R. Pitts
Gregory H. Browne,	Peter R. Ricchiuti
Chief Financial Officer	Independent Directors, Elected in 1997

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Why Invest in Amedisys?

• Rapidly growing industry

• Technology focused

• Clear growth strategy

• Operating leverage

• Successful acquisition record

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Amedisys^™

A Healthy Investment

NASDAQNM: AMED

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