UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 10, 2020
Commission File Number: 0-24260
Amedisys, Inc.
(Exact name of registrant as specified in charter)
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Delaware | | 11-3131700 |
(State or other jurisdiction incorporation or organization) | | (IRS Employer Identification No.) |
3854 American Way, Suite A, Baton Rouge, LA 70816
(Address of principal executive offices, including zip code)
(225) 292-2031 or (800) 467-2662
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, par value $0.001 per share | | AMED | | The NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION 7 - REGULATION FD
| Item 7.01. | Regulation FD Disclosure. |
On April 10, 2020, Amedisys, Inc. (the “Company”) received a cash payment of approximately $96 million from the Public Health and Social Services Emergency Fund that was appropriated by Congress to the Department of Health and Human Services (“HHS”) in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. HHS distributed the funds to healthcare providers based on their 2019 Medicare fee-for-service reimbursement. HHS is still in the process of providing information regarding the funds, but it is our understanding at this time that the funds are a grant from the federal government and do not have to be repaid, as long as the Company attests that we received the funds and will comply with the terms and conditions of payment.
As previously announced, the Company will host an investor conference call to discuss results for the quarter ended March 31, 2020 at 11:00 a.m. Eastern Time on May 7, 2020 and will provide additional information about the Company’s liquidity, capital resources and financial position at that time.
The information included in this Current Report on Form 8-K under this Item 7.01 is being “furnished” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The information included in this Current Report on Form 8-K under this Item 7.01 will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AMEDISYS, INC. |
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By: | | /s/ Paul B. Kusserow |
Paul B. Kusserow President, Chief Executive Officer and Chairman of the Board |
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DATE: April 16, 2020 |
