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EX - 99.1 2 d138311dex991.htm EX - 99.1 amedisys HOME HEALTH HOSPICE PERSONAL CARE CONTESSA Exhibit 99.1 Amedisys Announces Agreement to Acquire Contessa Health , Creating a Comprehensive Home Healthcare Delivery Platform - Strategic acquisition will add tech - enabled , higher - acuity hospital at home and skilled - nursing facility at home services , advanced claims analytics platform , network management and additional risk - taking capabilities to Amedisys ' range of home - based services - BATON ROUGE , La . and NASHVILLE , Tenn . ( June 30 , 2021 ) - Amedisys , Inc. ( NASDAQ : AMED ) , a leading home health , hospice and personal care company , today announced that it has signed a definitive agreement to acquire Contessa Health , a leader in hospital - at - home and skilled nursing facility ( SNF ) at - home services . In addition , Amedisys plans to invest meaningfully in the future growth of Contessa's business and proprietary informatics platform , CareConvergence ™ . Upon closing of the deal , Nashville , Tenn . - based Contessa will operate as a wholly owned division of Amedisys . Founded in 2015 , Contessa partners with health systems and health plans across the country to offer complex patients acute and post - acute care in the comfort of their homes . Contessa's unique , risk - based model and claims analytics capabilities bring the essential elements of inpatient hospital and SNF care to patients ' homes and have repeatedly proven to improve patient outcomes and experience while reducing costs and hospital readmissions . Today , Contessa has a number of prominent health system joint ventures and payor partnerships such as Mount Sinai Health System , Marshfield Clinic Health System , Ascension Saint Thomas , CommonSpirit Health , and Highmark Health and has a robust pipeline for potential expansion with more than a hundred hospitals across an additional 28 states . " Today's announcement is a strategic and promised milestone for Amedisys ' strategic growth and differentiation , as we expand our capabilities to reflect growing market demands and evolving patient preference for higher - acuity in - home settings , ” stated Amedisys Chairman and Chief Executive Officer Paul Kusserow . “ While Amedisys continues to be a national leader in quality home health and hospice services , we have always worked to innovate and provide even more types of care in the home , as patients increasingly seek to ‘ age in place ' in environments that are familiar and safe . Bringing the Contessa team into our family significantly advances this strategy . " Contessa Founder and CEO Travis Messina , along with his experienced management team , will continue to lead Contessa , which will maintain its brand and operate and be reported on as a separate and unique business within Amedisys .