Amedisys Board of Directors Authorizes $100 million Stock Re

Amedisys Board of Directors Authorizes $100 million Stock Repurchase Program


Amedisys Board of Directors Authorizes $100 million Stock Repurchase Program
December 23, 2020 16:15 ET
| Source:
Amedisys, Inc.
Amedisys, Inc.
Baton Rouge, Louisiana, UNITED STATES
BATON ROUGE, La., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Amedisys, Inc. (NASDAQ: AMED), America’s leading independent home health, hospice and personal care company, today announced that its Board of Directors has authorized a stock repurchase program, under which the Company may repurchase up to $100 million of its outstanding common stock through December 31, 2021.
Scott Ginn, Chief Financial Officer, stated, “Given our strong cashflow and low leverage, we feel it is prudent to have authorization to buy-back shares throughout the course of the year, including shares granted under the Company’s Omnibus Incentive Plan as they vest in 2021. This will become a recurring part of our capital deployment strategy; however, our first priority is and will continue to be accretive acquisitions in both Home Health and Hospice.”

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