Amedisys President and CEO Chris Gerard stepped down seven months after taking the top job in Baton Rouge, Louisiana, a home health and hospice company.
Gerard’s split went into effect immediately after Thursday’s announcement. Amedisys chairman and former CEO Paul Kusserow has taken over as the commercial company looks to replace Gerard.
Gerard, who replaced Kusserov on April 15, was “fired for no reason,” the company told the Securities and Exchange Commission on Thursday.
“I look forward to returning as CEO and will build on the excellent foundation we have laid at Amedisys,” Kusserov said in a press release. industry.”
Amedisys’ profit fell 43% to $25.6 million in the third quarter year-over-year, the company said last month. This followed a 63% drop in net income in the second quarter.
In October Amedicis cut annual forecast citing challenges related to COVID-19 and staffing shortages. The company currently expects its net services revenue to be between $2.22 billion and $2.23 billion, up from earlier forecasts of $2.29 billion to $2.31 billion.
During Kusserov’s tenure from 2014 to early this year, Amedisys’ market value increased and its business grew tenfold, according to a press release.
Amedisys has more than 21,000 employees at 547 facilities in 36 states and the District of Columbia and serves more than 445,000 patients annually, according to the company.