Amedisys lures former CFO out of retirement

Amedisys Inc. has lured former Chief Financial Officer Dale E. Redman out of retirement to serve as interim CFO.

Redman was the Baton Rouge home health provider’s CFO from February 2007 to December 2011 and retired as executive vice president in February 2012.

Interim Chief Executive Officer Ronald A. Laborde said Redman’s five years as one of the company’s top executives and nearly 40 years at senior-level finance positions made him the ideal candidate.

Redman knows the company and the home health industry well, Laborde said, and has the respect of management, the board and Amedisys’ financial partners.

The Baton Rouge company reported during its earnings release last week that Thomas Dolan, senior vice president of finance and treasurer, had left the company. Laborde said then that Dolan’s departure was “completely independent of anything that’s going on here, any other changes.”

Last month, William Borne, the company’s founder, chairman and chief executive officer, resigned and Amedisys launched a national search for a permanent replacement for him.

In 2013, KKR Asset Management began amassing a stake in Amedisys as an activist shareholder and sought a seat on the board.

Amedisys last week reported a 2013 loss of $96.2 million, or $3.08 per share, compared with an $83.6 million loss, or $2.79 per share, in 2012.