Through their joint venture Southeast Louisiana Home Care, the two parties will buy five Egan Home Health and Hospice provider locations in Louisiana.
The sale is expected to generate $16 million in annualized revenue for the joint venture.
The deal is slated to close Jan. 1.
More articles on healthcare industry transactions:
After failed merger talks, Care New England shifts focus to remaining independent
UHS hospital acquires 35 acres in Florida
UF Health to acquire 2-hospital system in Florida
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.