Amedisys, Inc. (NASDAQ: AMED) one of America’s leading home care and
hospice companies, announced today that Michael D. Snow, formerly
President and CEO of Wellmont Health System, will join Amedisys as the
Company’s new Chief Operating Officer (COO); and Tim Barfield, formerly
the Executive Counsel to Louisiana Governor Bobby Jindal, will join
Amedisys as the Company’s new Chief Development Officer.
“We are excited and honored to welcome both Mike Snow and Tim Barfield
to the Amedisys family. Mike brings significant operational experience
to our leadership team and understands the opportunities and challenges
that lie ahead for Amedisys. Tim’s expertise in acquisitions,
integration and growth will provide tremendous value to Amedisys as we
move forward,” stated William F. Borne, Amedisys Chief Executive
Officer. “Both Mike and Tim will report directly to me and I believe
that their skill sets will complement each other and provide strong
leadership for Amedisys.”
Mr. Snow has more than 25 years of experience in healthcare business
operations, most recently as President and CEO of Wellmont Health
System, where he worked with the system’s board of directors to update
the organization’s strategic plan. He also partnered with executives and
physicians at the system’s eight hospitals to standardize operations and
maximize efficiencies to gain synergies from Wellmont’s rapid growth in
recent years. Throughout Mr. Snow’s career, he has improved operating
performance, recruited and developed key staff, and strengthened
relationships both internally and externally.
In 2007, Mr. Snow was appointed President and CEO of Surgical Care
Affiliates, a spin-off from HealthSouth, and one of the largest
providers of ambulatory surgery centers in the country with 132 sites in
33 states. In 2008, he stepped down as the company’s CEO in a planned
departure and moved into a board role with the organization. From 2004
to 2007 Mr. Snow was chief operating officer of HealthSouth Corp., the
nation’s largest provider of rehabilitative healthcare services.
Mr. Snow also worked for HCA, Inc. from 1995 until 2004, in his last
position serving as president of HCA’s Gulf Coast Division, one of the
largest operating divisions of HCA with annual revenues in excess of $2
billion and more than 12,000 employees.
In his role as COO of Amedisys, Mr. Snow will be responsible for the
Company’s overall performance. He will be in charge of the company’s
day-to-day operating activities, including delivering high quality
healthcare; revenue growth; expense and margin control; as well as
financial goal management. Mr. Snow will join Amedisys full time as COO
on March 1, 2010.
“I’m very pleased to be joining Amedisys – a company with a proud
history and great promise,” said Mr. Snow. “This is a dynamic time in
healthcare, and I look forward to working with the leadership and staff
at Amedisys. Bringing my own knowledge and experience to bear, I’m
confident we’ll be able to fully meet the opportunities and challenges
of today and tomorrow.”
In addition to the appointment of Mr. Snow as COO, Amedisys is also
adding a new role to its current leadership team. The Chief Development
Officer (CDO) role is being added to drive growth strategies, including
new products and emerging business lines that support the company’s long
term Comprehensive, Continuous Chronic Care Management (C4M) strategy.
In his role as CDO of Amedisys, Mr. Barfield will be responsible for the
Company’s growth strategies including implementation of the Company’s
acquisition and start up strategy as well as new products and emerging
business lines. Throughout his career, Mr. Barfield has proven himself
to be a high capacity, engaging leader with an outstanding ability to
elicit the best in thinking from his staff. Given Amedisys’ goal of
becoming the undisputed national leader in multidisciplinary chronic
care management, the organization is seeking to leverage his
relationship skills and his capacity to identify and foster creative
thinking to orchestrate the transformation from a homecare to a post
acute chronic care company.
Most recently, Mr. Barfield served as the Executive Counsel to Louisiana
Governor Bobby Jindal, where he provided legal representation to the
Governor and his staff, as well as serving as an advisor on key policy,
strategic, operational and transactional matters. Prior to that
appointment, Mr. Barfield served as the Executive Director of the
Louisiana Workforce Commission for the Jindal administration. Appointed
by the Governor to lead reform of the state’s workforce development
system, Mr. Barfield led the development and implementation of the
Governor’s workforce policy and legislative agenda. Mr. Barfield’s
compelling leadership led to innovative policy and legislative changes
all of which represented significant contributions to the state of
Louisiana.
Prior to his tenure in public service, Mr. Barfield was employed by The
Shaw Group, a Fortune 500 engineering, technology, construction,
fabrication, environmental and industrial services company with
approximately 22,000 employees and 180 locations throughout the world.
During his twelve years at The Shaw Group, Mr. Barfield served as the
President and Chief Operating Officer in addition to other senior
management positions. Additionally, he is a licensed attorney and
previously worked for the law firm Vinson & Elkins, LLP, where he
specialized in mergers and acquisitions. Mr. Barfield will begin his
duties as CDO on January 11, 2010.
“I am very excited to be joining such a growing and dynamic company,”
said Tim Barfield, Chief Development Officer of Amedisys, Inc. “Amedisys
is well positioned to play a key role in the future of healthcare. I am
looking forward to assisting in the Company’s mission of delivering high
quality, cost effective post acute care services.”
Amedisys, Inc. is headquartered in Baton Rouge, Louisiana. Its common
stock trades on the NASDAQ Global Select Market under the symbol “AMED.”
This press release includes statements that may constitute
“forward-looking” statements, usually containing the words “believe,”
“estimate,” “project,” “expect,” “anticipate” or similar expressions.Forward-looking statements inherently involve risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements. Many of the factors that could cause
or contribute to such differences are described in the Company’s
periodic reports and registrations statements filed with the Securities
and Exchange Commission, and include, but are not limited to the
following: general economic and business conditions, changes in or
failure to comply with existing regulations or the inability to comply
with new government regulations on a timely basis, changes in Medicare
and other medical reimbursement levels, ability to complete acquisitions
announced from time to time, and any financing related thereto, the
ability to meet debt service requirements and to comply with covenants
in debt agreements, adverse changes in federal and state laws relating
to the health care industry, demographic changes, availability and terms
of capital, ability to attract and retain qualified personnel, ongoing
development and success of new start-ups, ability to successfully
integrate newly acquired agencies, changes in estimates and judgments
associated with critical accounting policies, business disruption due to
natural disasters or acts of terrorism, and various other matters, many
of which are beyond management’s control. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of this
release.
Our company website address is www.amedisys.com.
We use our website as a channel of distribution for important company
information. Important information, including press releases, analyst
presentations and financial information regarding the Company is
routinely posted on and accessible on the “Investor Relations” subpage
of our website, which is accessible by clicking on the tab labeled
“Investors” on our website home page. We will also use our
website to expedite public access to time-critical information regarding
the Company in advance of or in lieu of distributing a press release or
a filing with the Securities and Exchange Commission (“SEC”) disclosing
the same information. In addition, we make available on the
Investor Relations subpage of our website (under the link “SEC filings”)
free of charge our annual reports on Form 10-K, quarterly reports on
Form 10-Q, current reports on Form 8-K, ownership reports on Forms 3, 4
and 5 and any amendments to those reports as soon as practicable after
we electronically file such reports with the SEC. Further, copies of our
Certificate of Incorporation and Bylaws, our Code of Ethical Business
Conduct and the charters for the Audit, Compensation and Nominating and
Governance Committees of our Board are also available on the Investor
Relations subpage of our website (under the link “Corporate Governance”).