Amedisys (AMED) 8-K Regulation FD Disclosure

Amedisys, Inc.

www.amedisys.com

NASDAQ: AMED

May 2007

Exhibit 99.1

1

Statements

contained

in

this

presentation

which

are

not

historical

facts

are

forward-looking

statements.

These

forward-looking

statements

and

all

other

statements

that

may

be

contained

in

this

presentation

that

are

not

historical

facts

are

subject

to

a

number

of

risks

and

uncertainties,

and

actual

results

may

differ

materially

from

those

forecasted.

Such

forward-looking

statements

are

estimates

reflecting

the

best

judgment

of

Amedisys,

Inc.

management

based

upon

currently

available

information.

Certain

factors

which

could

affect

the

accuracy

of

such

forward-looking

statements

are

identified

in

the

public

filings

made

by

Amedisys,

Inc.

with

the

Securities

and

Exchange

Commission,

and

forward-looking

statements

contained

herein,

or

other

public

statements

of

Amedisys,

Inc.

or

its

management

should

be

considered

in

light

of

those

factors.

Forward Looking Statements

2

Investment Highlights

•

Large, growing and fragmented industry

•

Focus on home nursing and related services to Medicare population

•

Strong internal growth and cash flow with low recurring cap ex

•

Proven operating model supported by sophisticated technology

system

•

Demonstrated ability to identify and integrate acquisitions

•

Substantial liquidity and balance sheet capacity to fund external

growth

•

Extensive delivery platform ideally positioned for Medicare disease

management initiatives and payor diversification

•

Experienced management team

3

Management Team

•

William F. Borne -

Chairman and Chief Executive Officer

-

CEO since founding the Company in 1982

-

Registered nurse, extensive hospital administrative and clinical

experience

•

Larry R. Graham -

President and Chief Operating Officer

-

Joined

Amedisys

in

1996;

COO

since

1999;

President

since

2004

-

General Health Systems

-

Arthur Andersen

•

Dale E. Redman, CPA –

Interim

Chief Financial

Officer

-

Joined Amedisys in February 2007

-

CFO of United Companies

-

Ernst & Young

4

Corporate Overview

•

Leading provider of home nursing services

•

290

1

locations primarily in the Southern and Southeastern United

States

•

Services include skilled nursing and therapy

•

Medicare accounts for approximately 91% of net service revenue

•

Hospice

care

accounts

for

approximately

6%

of

net

service

revenue

1) Both home health and hospice; as of March 31, 2007

5

16

16

13

13

12

12

27

27

52

52

40

40

18

18

4

4

42

42

16

16

1

1

7

7

1

1

6

6

7

7

3

3

3

3

Our Locations

1

•

Largest home nursing provider in the

Southern and Southeastern United

States

-

273 home nursing locations

(shown)

-

17 hospice locations

1) As of

March

31, 2007

CON State

Non-CON State

1

1

4

4

6

Our Strategy

•

Focus on Medicare-eligible patients

•

Develop and deploy specialized nursing programs

•

Expand disease management capabilities

•

Prioritize internal growth

•

Select, acquire and integrate quality home care agencies

•

Leverage cost-efficient operating platform

7

•

Home health

care is a $62.8

billion

industry

•

Home nursing

is

the

largest

segment

in the

home health

industry

•

Medicare

spending for

home nursing

totaled $13.1

billion

in 2005

Home Health Care Spending

Home Health Industry Expenditures ($ billions)

Medicare

Home Nursing

$13.1

Home Nursing

(Commercial,

Medicaid &

Other)

$23.3

Home Nursing

$46.1

Infusion

Therapy

$5.5

Durable Medical

Equipment

$2.8

Respiratory

Therapy

$8.4

Hospice $9.7

Source:  Company Reports, CMS and CIBC World Markets Corp. estimates for 2005

8

Home Nursing Market

•

Industry is highly fragmented

•

8,500 Medicare-certified nursing agencies

•

Most are single-site, small local or regional providers:

-

Independently-owned agencies

-

Visiting nurse associations

-

Facility and hospital-based agencies

•

Publicly-owned providers account for less than 7% of the

home nursing market

9

Industry Growth Drivers

•

Trend from inpatient to home-based care:

-

Patient preference

-

Payor incentives

-

Technology advancements

•

Demographics –

aging population

•

Increased prevalence of chronic and co-morbid conditions

10

Internal Growth

-

Overall industry growth

-

Expanded and more effective sales force

-

Comprehensive range of clinical programs

-

Enhanced referral source education efforts

-

Increased focus on start-ups

•

Strong internal growth in episodic-based admissions

-

Approximately 15% for Q1 2007

•

Internal growth being driven by:

11

Start-Up Strategy

•

Start-ups typically generate $1.5 -

$2.0 million in run-rate

revenue by the end of their second year of operations

•

~ 18 months to recoup the $250,000 -

$350,000 investment

Yearly Start-Ups

8

13

25

40

36

0

10

20

30

40

2003

2004

2005

2006

2007

* Reported numbers are for home health start-ups

Completed

Projected

12

Acquisition Strategy

Disciplined approach

•

Acquisition criteria:

-

Defined pricing objectives

-

Targeted geographic profile

-

Compatible payor mix

-

Consistent clinical metrics

-

Expandable referral base

-

Opportunities for internal growth

•

Target hospital-based and multi-site agencies

•

Nine acquisitions over the last twelve months ended 5/1/2007; 23

agencies representing $39 million in revenues

13

Investments in Technology

•

Strategic advantages from technology

•

Standardized processes:

-

Automated review of assessment forms

-

Automatic scheduling

-

Web-based HR and payroll system

•

Centralized management of clinical oversight/utilization:

-

Real-time episode analysis

-

Daily/weekly review of quality indicators

-

Executive information system

•

Point of care roll-out currently underway:

-

Rolled out over 200 sites as of April 30, 2007

-

Expect $1.0 -

$1.5 million in quarterly savings by Q4 2007

-

One-time cap ex investment of $9 -

$10 million

14

Comprehensive Compliance Program

Local Level

•

Clinical nurse review of

assessments

•

Standardized care plans

•

Physician

review/approval

•

Weekly case conferences

•

Monthly audits

•

End of episode case

review

•

Point-of-care system

enhances clinical

documentation accuracy

with real-time

assessment input

Regional Level

Corporate Level

•

Unannounced

compliance & billing

audits

•

Regional directors

monitor compliance

status and resolve

errors

•

Real-time monitoring

capability of local level

activity via point-of-

care system

•

Semi-annual

clinical/compliance

reviews

•

Compliance review of

metric variances

•

Compliance manager

site visits

•

Compliance training for

all employees

•

Compliance concerns

hotline

•

Annual Sarbanes-Oxley

audit

15

Medicare Prospective Payment System

•

Implemented in October 2000

•

Base payment for 60-day episode of care

-

Adjusted for patient acuity and market factors

-

Reviewed and updated annually

•

Encourages efficient delivery of care

•

Benefits high-quality/low-cost providers

16

Medicare Reimbursement

•

CMS issued proposed reimbursement changes on April 27, 2007

-

60 day comment period

-

Expands HHRG from 80 to 153

-

Anticipated effective date of January 1, 2008

•

We are currently modeling the proposal

-

Multi component changes requiring complex modeling and testing

-

May not comment until final rule is more clear

17

Financial Highlights

•

Increasing revenue

•

Expanding margins

•

Cash flow/low cap ex requirements

•

Consistent EPS growth

•

Strong balance sheet to fund future growth

18

Net Revenue And EPS

•

Revenue of $541.1 million       

in 2006; 41.8% year-over-year

growth

•

Revenue of $153.6 million for

Q1 2007; 20.8%          

quarter-over-quarter growth

•

Fully-diluted EPS of $1.75

1

for

2006; 24.1% year-over-year

increase

•

Fully-diluted EPS of $0.51 for

Q1 2007; 50.0% quarter-over-

quarter increase

1)

Adjusted

to

exclude

$0.03

charge

for

write-off

of

deferred

financing

fees.

Annual Revenue

($ millions)

0

100

200

300

400

500

600

2004

2005

2006

1Q06

1Q07

EPS

$0.00

$0.50

$1.00

$1.50

$2.00

2004

2005

2006

1Q06

1Q07

19

EBITDA is net income before provision for income taxes, net interest expense, and depreciation and amortization.  EBITDA should not be considered as an alternative to, or more

meaningful than, income before income taxes, cash flow from operating activities, or other traditional indicators of operating performance.  Rather, EBITDA is presented because it is a

widely accepted supplemental financial measure that we believe provides relevant and useful information.  Our calculation of EBITDA may not be comparable to a similarly titled

measure reported by other companies, since all companies do not calculate this non-GAAP measure in the same manner.

($ millions, except per share data)

Summary Financial Results

2005

2006

1Q06

Net revenue

$381.6

$541.1

$127.2

Period-over-period growth

68.0%

41.8%

80.6%

Gross margin

218.5

305.7

71.4

Margin

57.3%

56.5%

56.2%

Operating income

50.1

65.7

12.7

Margin

13.1%

12.1%

10.0%

EBITDA

57.2

75.7

15.2

Margin

15.0%

14.0%

11.9%

Fully-diluted EPS

$1.41

$1.75

1

$0.34

Period-over-period growth

23.7%

24.1%

0.0%

1Q07

$153.6

20.8%

86.5

56.4%

20.7

13.5%

15.4%

$0.51

50.0%

1)

Adjusted

to

exclude

$0.03

charge

for

write-off

of

deferred

financing

fees.

23.6

20

Summary Performance Results

2005

2006

1Q06

Agencies

1

221

275

241

Period-over-period growth

24.4%

Completed Episodes

120,987

172,930

39,412

Period-over-period growth

42.9%

Episodic Based Admissions

81,462

108,140

26,496

Period-over-period growth

32.7%

Revenue per Episode

$2,567

$2,634

$2,649

Period-over-period growth

2.6%

Total Visits

2,364,887

3,437,881

812,544

Period-over-period growth

45.4%

1Q07

290

20.3%

47,942

21.6%

31,599

19.3%

(0.2%)

972,175

19.6%

$2,644

DSO

55.0

46.3

62.3

52.9

1)

Inclusive of home health and hospice locations

21

Capitalization Summary

($ in thousands)

March 31, 2007

Cash and cash equivalents

$107,483

Total debt and capital lease obligations

6,334

Stockholders' equity

379,983

Total capitalization

$386,317

Net debt / LTM EBITDA

---

22

Guidance

CY2007

Net revenue:

$625 -

$650 million

EPS:

$2.05 -

$2.15

Diluted shares:

26.5 million

23

Investment Highlights

•

Large, growing and fragmented industry

•

Focus on home nursing and related services to Medicare population

•

Strong internal growth and cash flow with low recurring cap ex

•

Proven operating model supported by sophisticated technology

system

•

Demonstrated ability to identify and integrate acquisitions

•

Substantial liquidity and balance sheet capacity to fund external

growth

•

Extensive delivery platform ideally positioned for Medicare disease

management initiatives and payor diversification

•

Experienced management team

24

Contact Information

•

Thomas J. Dolan

•

SVP of Finance

•

Amedisys, Inc.

•

5959 S. Sherwood Forest

Boulevard

•

Baton Rouge, LA 70816

•

Office –

225.292.2031

•

Fax –

225.295.9624

•

tdolan@amedisys.com

•

Dale Redman

•

CFO

•

Amedisys, Inc.

•

5959 S. Sherwood Forest

Boulevard

•

Baton Rouge, LA 70816

•

Office –

225.292.2031

•

Fax –

225.295.9624

•

dredman@amedisys.com