Amedisys Announces Filing of Shelf Registration Statement
21 August 2007 - 1:18AM
PR Newswire (US)
BATON ROUGE, La., Aug. 20 /PRNewswire-FirstCall/ -- Amedisys, Inc.
(Nasdaq: AMED, Amedisys or the "Company"), one of America's leading
home health nursing companies, announced today that it filed a
shelf registration statement on Form S-3 with the Securities and
Exchange Commission "SEC" which, when declared effective, will
permit the Company to offer and sell, from time to time, in one or
more offerings, shares of its common stock or preferred stock or
any combination of such securities, for proceeds in an aggregate
amount up to $250 million. The terms of any such future offering
will be established at the time of the offering. Proceeds from the
sale of any securities will be used for the purposes described in
the prospectus or a prospectus supplement filed at the time of an
offering. Amedisys has no immediate plans to offer or sell any
securities under the registration statement. "With minimal debt
outstanding, and a cash balance at June 30, 2007 of over $97
million, Amedisys has no immediate plans to offer or sell any
securities under this registration statement," said Bill Borne, the
Chief Executive Officer of Amedisys, Inc. "However, we believe
having a shelf registration in place will provide us with
additional flexibility in accessing capital markets in the future."
The shelf registration statement relating to these securities has
not yet become effective. The securities offered by the Company
under the registration statement may not be sold, nor may offers to
buy the securities be accepted, prior to the time the registration
statement becomes effective. This announcement shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state. 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 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. Additional
information on the Company can be found at:
http://www.amedisys.com/ Contact: Amedisys, Inc. Amedisys, Inc.
Senior Vice President - Finance Chief Financial Officer Thomas J.
Dolan Dale E. Redman 225.292.2031 225.292.2031 DATASOURCE:
Amedisys, Inc. CONTACT: Thomas J. Dolan, Senior Vice President -
Finance, , or Dale E. Redman, Chief Financial Officer, , both of
Amedisys, Inc., +1-225-292-2031 Web site: http://www.amedisys.com/
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