Amedisys Inc. reported a net loss of $122 million on revenues of $362.9 million for the quarter ended Dec. 31. That compares to a $4.3 million profit on $370.3 million in revenues for the same time period in 2011, the Baton Rouge, La.- based company says in a release.
“In 2012, we faced another year of significant reimbursement cuts, slow industry growth, and limited acquisition opportunities,” CEO William Borne says in the release. In 2013, “we are making significant investments in technology and evolving our model of care,” Borne says.