Through the deal, LHC Group is acquiring 23 home health locations, 11 hospice and 13 therapy agencies in 22 states, according to a Nov. 2 news release from the company. The purchase marks LHC Group’s entry into Minnesota and New Mexico.
LHC Group said it expects annual revenue of about $130 million through the purchase. It has completed the acquisition of $300 million in annual revenue year to date, according to its news release.
HCA Healthcare first acquired the home health assets in July through a $400 million majority stake in Brookdale Senior Living’s home health and hospice business. The deal to sell to LHC Group was announced Sept. 8.
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