Hospice and home health provider Amedisys has entered into an agreement to purchase Texas-based AseraCare Hospice for a cash purchase price of $235 million.

Amedisys has had been trying to buy AseraCare for years.

“In 2016 we actually approached the AseraCare, and at that time they weren’t for sale. We’ve been tracking them and keeping up with their owners and management team for almost four and a half years now. It’s an asset we liked,” Amedisys CEO Paul Kusserow said. “We particularly liked the culture, their ability to hold on to good employees. Their structure also is very similar. They run their business very similarly to the way we do.”

“We didn’t know what PDGM was going to look like, and now that we have PDGM plus coronavirus, we still don’t know what home health looks like for us. We have a much better idea of hospice,” Kusserow said.

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