Amedisys retrenches

|By:, SA News Editor

In an effort to cut costs and increase efficiency, the home health care firm (AMED +0.2%) will close 23 home health and 6 hospice centers and will consolidate 25 more.

Q1 charges will be $7M - $9M.

Quarterly sales growth has been declining since Q2, 2012 at an increasing rate.

Consensus revenue estimates for Q1 and Q2 are $304M and $303M, respectively.

Consensus revenue estimates for 2014 and 2015 are $1.21B and $1.22B, respectively.

226 mutual funds have positions, down from 233 a year earlier.