Amedisys President and CEO Chris Gerard has left his job seven months after taking the top job at the Baton Rouge, Louisiana-based home health and hospice company.
Gerard’s split took effect immediately following Thursday’s announcement. Amedisys board chairman—and former CEO—Paul Kusserow has taken the helm while the for-profit company searches for Gerard’s replacement.
Gerard, who succeeded Kusserow on April 15, was “terminated without cause”, the company reported to the Securities and Exchange Commission on Thursday.
“I look forward to returning as CEO and building on the great foundation we have at Amedisys,” Kusserow said in a press release. industry.”
Amedisys earnings plummeted 43% to $25.6 million in the third quarter year-over-year, the company reported last month. That comes after net income fell 63% in the second quarter.
In October, Amedisys reduced its annual guidance due to COVID-19 challenges and staffing shortages. The company now predicts its net services revenue to range from $2.22 billion to $2.23 billion versus previous projections of $2.29 billion to $2.31 billion. .
During Kusserow’s tenure from 2014 to early this year, Amedisys’ market value grew and its business grew tenfold, according to the press release.
Amedisys has more than 21,000 employees at 547 facilities in 36 states and the District of Columbia and cares for more than 445,000 patients each year, according to the company.
