Docoh
Loading...

AMED Amedisys

Amedisys, Inc. engages in the provision of healthcare services. It operates through the following business segments: Home Health, Hospice, and Personal Care. The Home Health segment delivers services in the homes of individuals who may be recovering from an illness, injury, or surgery. The Hospice segment provides care that is designed to provide comfort and support for those who are facing a terminal illness. The Personal Care segment gives patients assistance with the essential activities of daily living. The company was founded by William F. Borne in 1982 and is headquartered in Baton Rouge, LA.

Company profile

AMED stock data

(
)

Calendar

25 Feb 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Amedisys earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 83.36M 83.36M 83.36M 83.36M 83.36M 83.36M
Cash burn (monthly) 10.7M 1.09M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 36.1M 3.69M n/a n/a n/a n/a
Cash remaining 47.25M 79.66M n/a n/a n/a n/a
Runway (months of cash) 4.4 72.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Kemmerly David L Common Stock Sell Dispose S No Yes 270 503 135.81K 20,913
31 Mar 21 Ginn Scott G Common Stock Sell Dispose S No Yes 260.4 975 253.89K 29,109
31 Mar 21 Ginn Scott G Common Stock Option exercise Aquire M No No 27.35 975 26.67K 30,084
31 Mar 21 Ginn Scott G Stock Option Common Stock Option exercise Dispose M No No 27.35 975 26.67K 1,950
1 Mar 21 Perkins Bruce D Common Stock Buy Aquire P No No 259.3755 1,000 259.38K 28,901
26 Feb 21 Ginn Scott G Common Stock Sell Dispose S No Yes 264.15 975 257.55K 29,109
26 Feb 21 Ginn Scott G Common Stock Option exercise Aquire M No No 27.35 975 26.67K 30,084
26 Feb 21 Ginn Scott G Stock Option Common Stock Option exercise Dispose M No No 27.35 975 26.67K 2,925
25 Feb 21 Bohnert Denise M. Common Stock Sell Dispose S No Yes 274.44 70 19.21K 13,276

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 394 396 -0.5%
Opened positions 52 73 -28.8%
Closed positions 54 31 +74.2%
Increased positions 146 117 +24.8%
Reduced positions 146 149 -2.0%
13F shares
Current Prev Q Change
Total value 10.17B 6.75B +50.8%
Total shares 29.09M 28.56M +1.9%
Total puts 185.6K 183.9K +0.9%
Total calls 182.5K 154.5K +18.1%
Total put/call ratio 1.0 1.2 -14.6%
Largest owners
Shares Value Change
BLK Blackrock 3.98M $1.17B +2.4%
Vanguard 3.03M $887.95M +2.7%
Wellington Management 2.45M $717.34M -0.3%
TROW T. Rowe Price 1.56M $457.73M +3.5%
JPM JPMorgan Chase & Co. 1.14M $333.68M +7.8%
IVZ Invesco 943.23K $276.68M +64.2%
STT State Street 755.21K $221.53M +3.0%
William Blair Investment Management 750.51K $220.15M -1.3%
Riverbridge Partners 739.23K $216.84M +6.5%
WFC Wells Fargo & Co. 642.7K $188.52M +1.6%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 943.23K +368.69K +64.2%
Norges Bank 273.48K +273.48K NEW
Carillon Tower Advisers 329.8K +217.19K +192.9%
Assenagon Asset Management 15.97K -182.83K -92.0%
Dimensional Fund Advisors 400.93K -137.13K -25.5%
Pictet Asset Management 128.22K +125.62K +4831.3%
Thornburg Investment Management 95.14K +95.14K NEW
BLK Blackrock 3.98M +92.63K +2.4%
Two Sigma Investments 15.07K -91.21K -85.8%
Marshall Wace North America 277.14K -85.32K -23.5%

Financial report summary

?
Risks
  • Federal and state changes to reimbursement and other aspects of Medicare and Medicaid could have a material adverse effect on our business and consolidated financial condition, results of operations and cash flows.
  • Quality reporting requirements may negatively impact Medicare reimbursement.
  • Value-based purchasing may negatively impact Medicare reimbursement.
  • Any economic downturn, deepening of an economic downturn, continued deficit spending by the Federal Government or state budget pressures may result in a reduction in payments and covered services.
  • Future cost containment initiatives undertaken by private third party payors may limit our future revenue and profitability.
  • Our business may be materially adversely affected by the ongoing COVID-19 pandemic.
  • A shortage of qualified registered nursing staff and other clinicians, such as therapists and nurse practitioners, could materially impact our ability to attract, train and retain qualified personnel and could increase operating costs.
  • Because we are limited in our ability to control rates received for our services, our business and consolidated financial condition, results of operations and cash flows could be materially adversely affected if we are not able to maintain or reduce our costs to provide such services.
  • If we are unable to provide consistently high quality of care, our business will be adversely impacted.
  • If we are unable to maintain relationships with existing patient referral sources, our business and consolidated financial condition, results of operations and cash flows could be materially adversely affected.
  • Possible changes in the case mix of patients, as well as payor mix and payment methodologies, could have a material adverse effect on our business and consolidated financial condition, results of operations and cash flows.
  • Our failure to negotiate favorable managed care contracts, or our loss of existing favorable managed care contracts, could have a material adverse effect on our business and consolidated financial condition, results of operations and cash flows.
  • Our industry is highly competitive, with few barriers to entry in certain states.
  • Our business depends on our information systems. A cyber-attack, security breach or our inability to effectively integrate, manage and keep our information systems secure and operational could disrupt our operations.
  • Our insurance liability coverage may not be sufficient for our business needs.
  • We may be subject to substantial malpractice or other similar claims.
  • If we are unable to maintain our corporate reputation, our business may suffer.
  • A write off of a significant amount of intangible assets or long-lived assets could have a material adverse effect on our consolidated financial condition and results of operations.
  • Our operations could be impacted by natural disasters.
  • Our growth strategy depends on our ability to acquire additional care centers and integrate and operate these care centers effectively. If our growth strategy is unsuccessful or we are not able to successfully integrate newly acquired care centers into our existing operations, our business and consolidated financial condition, results of operations and cash flows could be materially adversely affected.
  • The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and as a result we may face unexpected liabilities.
  • State efforts to regulate the establishment or expansion of health care providers could impair our ability to expand our operations.
  • Federal regulation may impair our ability to consummate acquisitions or open new care centers.
  • We are subject to extensive government regulation. Any changes to the laws and regulations governing our business, or to the interpretation and enforcement of those laws or regulations, could have a material adverse effect on our business and consolidated financial condition, results of operations and cash flows.
  • We face periodic and routine reviews, audits and investigations under our contracts with federal and state government agencies and private payors, and these audits could have adverse findings that may negatively impact our business.
  • If a care center fails to comply with the conditions of participation in the Medicare program, that care center could be subjected to sanctions or terminated from the Medicare program.
  • We are subject to federal and state laws that govern our financial relationships with physicians and other health care providers, including potential or current referral sources.
  • We may face significant uncertainty in the industry due to government health care reform.
  • Delays in payment may cause liquidity problems.
  • Changes in units of payment for home health agencies could reduce our Medicare home health reimbursement levels.
  • The volatility and disruption of the capital and credit markets and adverse changes in the United States and global economies could impact our ability to access both available and affordable financing, and without such financing, we may be unable to achieve our objectives for strategic acquisitions and internal growth.
  • Our indebtedness could impact our financial condition and impair our ability to fulfill other obligations.
  • The agreements governing our indebtedness contain various covenants that limit our discretion in the operation of our business and our failure to satisfy requirements in these agreements could have a material adverse effect on our business and consolidated financial condition, results of operations and cash flows.
  • The price of our common stock may be volatile.
  • Our Board of Directors may use anti-takeover provisions or issue stock to discourage a change of control.
Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • We are a provider of high-quality in-home healthcare and related services to the chronic, co-morbid, aging American population, with approximately 75%, 74% and 73% of our revenue derived from Medicare for 2020, 2019 and 2018, respectively.
  • Our operations involve servicing patients through our three reportable business segments: home health, hospice and personal care. Our home health segment delivers a wide range of services in the homes of individuals who may be recovering from an illness, injury or surgery. Our hospice segment provides care that is designed to provide comfort and support for those who are facing a terminal illness. Our personal care segment provides patients assistance with the essential activities of daily living. As of December 31, 2020, we owned and operated 320 Medicare-certified home health care centers, 180 Medicare-certified hospice care centers and 14 personal-care care centers, including unconsolidated joint ventures, in 39 states within the United States and the District of Columbia.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: absence, acquistion, Aid, amplified, ASAP, AseraCare, attending, attestation, belonging, billion, BrightStar, career, caregiving, categorize, category, Chairman, collaboration, color, convenient, correlated, count, county, decided, deep, density, dispersed, doctor, driver, drop, drove, easily, economy, efficacy, empowerment, endeavor, evidenced, facilitate, Facilitation, feedback, feel, Fifty, flex, fortunate, FR, franchise, front, great, heavily, hedging, Heritage, hit, Hopsice, house, IAS, imperative, interdisciplinary, intraperiod, invoice, job, kickback, learning, listening, LP, magnitude, mental, mile, milling, missed, moderated, navigated, operationalize, operationalizing, outbreak, outflow, outlook, pandemic, Passion, passionate, permanent, PPE, predominately, PRF, priority, prolonged, protocol, pulse, quantity, quarantine, quartile, quickly, rebounded, relaxed, relief, remittance, repaid, sequestration, shown, slowdown, SNF, SPIRIT, spiritual, spread, staggered, steady, strike, supply, susceptible, systematic, talent, Teladoc, telehealth, temporarily, town, track, traditional, transportation, treat, trend, uniformly, unintentional, unrest, unsolicited, upfront, utmost, vaccinated, vaccination, vaccine, vendor, vision, voice, week, widespread, withdrawal, woman, Women, workplan
Removed: adding, admitted, al, appointed, attribute, Bach, Balanced, begin, binding, certifying, CHIP, concealing, consecutive, creation, database, dismissal, divisional, doc, formula, fourteenth, Hampshire, hostile, inorganic, Intercity, intermediary, Lowered, MACRA, Middle, misrepresenting, Mississippi, move, MSW, Obama, ordering, organic, play, PPS, practitioner, prejudice, promissory, Puerto, pure, putative, ready, Reauthorization, recently, recording, reimbursing, remeasured, remeasurement, rent, repealed, replaced, restructuring, retained, Retirement, revising, Rico, RN, scheme, settle, subsequently, twentieth, unnecessary, unspecified, upcoding, violated