McBee is proud to partner with Amedisys, Inc. (NASDAQ: AMED), America's leading independent home health, hospice and personal care company as the strategic advisor who assisted Amedisys in the successful acquisition of Asana Hospice.
"Amedisys has a strong culture of compliance and through their continued growth and success in the hospice market, McBee works closely with the Amedisys teams to ensure acquisition targets have the same commitment to compliance," said Mike Dordick, President of McBee.
In addition to expanding their care network with Asana, Amedisys closed the acquisitions of Compassionate Care Hospice and RoseRock Healthcare in 2019. Throughout the course of these transactions, McBee provided support to Amedisys by conducting clinical documentation and operational process reviews to provide regulatory and clinical operation insight. These reviews provided insight into potential regulatory and financial risk and the management and operational quality of the prospective acquisition.
McBee Merger and Acquisition Services are conducted by a team of clinical experts and include a detailed evaluation of clinical documentation to confirm its support of the reimbursement received based on Medicare billing regulations. McBee also conducts on-site visits to further evaluate a prospective acquisition's processes and culture. Over the past 24 months, McBee supported 17 publicly announced transactions with a combined total purchase price exceeding $2.1 billion.
"A trusted advisor is critical to the acquisition process. Whether it's conducting introspective diligence ahead of a process, or as a buyer to confirm the quality and overall risk of a target. Through numerous processes, we've found that partner in McBee," said Kris Novak, Vice President of Mergers & Acquisitions at Amedisys. "They empower us with the data necessary to make smart decisions on investments, and tailor specific integration plans for successful acquisitions."
Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health, hospice and personal care. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based personal care; 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 3,000 hospitals and 65,000 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 company. With more than 21,000 employees in 479 care centers in 38 states and the District of Columbia, Amedisys is dedicated to delivering the highest quality of care to the doorsteps of more than 376,000 patients and clients in need every year. For more information about the Company, please visit: www.amedisys.com.
McBee is a recognized leader in providing financial, clinical and operational strategic advisory services that have addressed the unique needs of more than 3,800 providers across the healthcare industry. Since 1973, McBee has designed services to address challenges and ensure the success of healthcare organizations across the continuum of care by delivering meaningful insights, tailored strategies and sustainable results. With an average of over 20 years' experience, McBee's consulting professionals have extensive expertise and in-depth knowledge of healthcare regulations and policies. Health systems, physician groups, home health, hospice, long-term care, skilled nursing and other healthcare organizations across the nation look to McBee to provide comprehensive services and expert resolution of the various challenges they encounter. McBee's unwavering dedication backed by their industry knowledge has made them one of the largest, well-regarded healthcare consulting firms in the country. McBee is located in Wayne, Pennsylvania with additional offices in Columbia, Maryland and Richmond, Virginia. Visit us at McBeeAssociates.com. Follow us on Twitter and LinkedIn.
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Original Source: McBee Acts as Strategic Advisor to Amedisys for Acquisition of Asana Hospice