UNITED STATES
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): December 1, 2015 (November 25, 2015)
Commission File Number: 0-24260
Amedisys, Inc.
(Exact Name of Registrant as specified in its Charter)
Delaware | 11-3131700 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
5959 S. Sherwood Forest Blvd., Baton Rouge, LA 70816
(Address of principal executive offices, including zip code)
(225) 292-2031 or (800) 467-2662
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 1 Registrants Business and Operations
Item 1.01. | Entry into a Material Definitive Agreement. |
On November 25, 2015, Amedisys, Inc., (the Company), through its indirect, wholly-owned subsidiary, Amedisys Property, L.L.C., as seller, entered into an Agreement of Purchase and Sale effective as of that date (the Agreement) with Franciscan Missionaries of Our Lady of the Lake Health System, Inc., as purchaser (the Purchaser), to sell the Companys corporate headquarters building (and surrounding land) located in Baton Rouge, Louisiana, as well as certain personal property located in and around the corporate headquarters building and related assets, for a total purchase price of $20.0 million.
The Agreement contains customary representations and warranties and conditions to closing. The transactions contemplated under the Agreement are expected to close no later than December 3, 2015.
Simultaneously with the closing of the transactions contemplated by the Agreement, the Company, through Amedisys Property, L.L.C., will lease back a portion of the corporate headquarters building from the Purchaser for a lease term of one year following the date of the closing.
Section 7 Regulation FD
Item 7.01. | Regulation FD Disclosure. |
On December 1, 2015, Amedisys, Inc. (the Company) issued a press release titled Franciscan Missionaries of Our Lady Health System Purchases Amedisys Corporate Headquarters Building, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
The information presented in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered filed under the Exchange Act or specifically incorporates it by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Section 9 - Financial Statements and Exhibits
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
99.1 | Press Release dated December 1, 2015 titled Franciscan Missionaries of Our Lady Health System Purchases Amedisys Corporate Headquarters Building (furnished only) |
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMEDISYS, INC. | ||
By: | /s/ Ronald A. LaBorde | |
Ronald A. LaBorde | ||
Vice Chairman and Chief Financial Officer | ||
DATE: | December 1, 2015 |
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Exhibit Index
Exhibit |
Description | |
99.1 | Press Release dated December 1, 2015 titled Franciscan Missionaries of Our Lady Health System Purchases Amedisys Corporate Headquarters Building (furnished only) |
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Exhibit 99.1
Franciscan Missionaries of Our Lady Health System Purchases
Amedisys Corporate Headquarters Building
BATON ROUGE, LA (December 1, 2015) The Franciscan Missionaries of Our Lady Health System has purchased the Amedisys corporate headquarters building on Sherwood Forest Boulevard in Baton Rouge, Louisiana (as well as certain personal property located in and around the corporate headquarters building) for total purchase price of $20 million. The building is over 110,000 square feet and can provide office space for up to 600 health system team members allowing co-location of several support departments for greater efficiency and collaboration.
For quite some time, we have been looking to consolidate administrative space and the opportunity to purchase the Amedisys corporate headquarters building seems an almost ideal fit for our needs. The building is centrally located with easy access from the health systems corporate office, the Our Lady of the Lake Main campus, Our Lady of the Lake Livingston, St. Elizabeth Hospital as well as numerous physician medical offices, said John Finan, chief executive officer, Franciscan Missionaries of Our Lady Health System. Our goal is to consolidate some of our support functions spread across several leased properties. The relocation will also help reduce the traffic away from our main Our Lady of the Lake campus and Essen Lane.
For the next six months the purchaser and seller organizations will share office space allowing Amedisys a seamless transition for its employees and operations. During the next 6-12 months the health system will evaluate the current locations of support services and determine which offices will move into the new building.
With approximately 400 corporate team members, Amedisys was interested in finding a space that better suits our current and future growth needs. stated Amedisys chief executive officer Paul Kusserow. We are excited about moving into our new home at 3854 American Way, Suite A, which were in the process of renovating to spark not only collaboration but innovation in supporting our more than 10,500 caregivers across the United States. We are also very appreciative of the Franciscan Missionaries of Our Lady Health Systems neighborliness and flexibility in this transition.
Currently, the health system leases space in many locations throughout the greater Baton Rouge region. As ministry stewards we always want to reduce costs and improve efficiency, the opportunity to purchase this building allows us to significantly reduce the annual expenditure on our leased space and our teams can also focus on uninterrupted productivity that avoids future relocations, Finan added.
About Franciscan Missionaries of Our Lady Health System
The Franciscan Missionaries of Our Lady Health System is one the largest healthcare systems in Louisiana and is the leading healthcare provider for more than half the states population. The health system is a non-profit, Catholic organization sponsored by the Franciscan Missionaries of Our Lady. Headquartered in Baton Rouge, Louisiana, we serve patients statewide through a network of hospitals, clinics, physicians, elderly housing and integrated systems. Our five hospitals include Our Lady of the Angels in Bogalusa, Our Lady of the Lake Regional Medical Center in Baton Rouge, Our Lady of Lourdes Regional Medical Center in Lafayette, St. Elizabeth Hospital in Gonzales and St. Francis Medical Center in Monroe. For more information, visit www.fmolhs.org.
About Amedisys
Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health and hospice care. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based
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recovery and rehabilitation after an operation or injury, care focused on empowering them to manage a chronic disease, or hospice care at the end of life. More than 2,200 hospitals and 61,900 physicians nationwide have chosen Amedisys as a partner in post-acute care. Founded in 1982, headquartered in Baton Rouge, LA with an executive office in Nashville, TN, Amedisys is a publicly held Fortune 1000 company. With more than 13,000 employees, in 395 care centers in 34 states, Amedisys is dedicated to delivering the highest quality of care to the doorsteps of 360,000 patients in need every year. For more information about the Company, please visit: www.amedisys.com
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Contact: Kelly Zimmerman
Franciscan Missionaries of Our Lady Health System
(225) 765-8665
Kelly.Zimmerman@ololrmc.com
Contact: Kendra Kimmons
Amedisys Home Health Services
(225) 299-3720
kendra.kimmons@amedisys.com
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