Amedisys drops after LHC, Almost Family agree to merge - InvestingChannel

Amedisys drops after LHC, Almost Family agree to merge

Shares of Amedisys (AMED) are lower after its home healthcare competitors LHC Group (LHCG) and Almost Family (AFAM) announced an all-stock merger. LHC will own 60% of the new company. Shares of Amedisys are down 5% to $53.65 in morning trading while Almost Family is up 9% to $57.50. LHC is lower by 5% to $63.40.