LHC Group and Lifepoint Health have expanded their existing partnership through the purchase of one home health provider and two hospice providers.
Editor's Note: This article originally appeared on LHC Group's website.
LAFAYETTE, La. (Nov. 5, 2019) – LHC Group, Inc. (NASDAQ: LHCG) and LifePoint Health today announced an agreement to further expand their existing joint venture (JV) partnership with the purchase of one home health provider with a location in Wilmington, Ohio, and two hospice providers located in Sierra Vista, Ariz., and Lewiston, Idaho.
The organizations will share ownership of CMH Home Health Care, Casa de la Paz Hospice, and St. Joseph Family Hospice in each market, respectively. LHC Group will assume management responsibility of the agencies, which will continue to operate from their current locations and under the same names.
It is anticipated that the agreement will be finalized on December 1, subject to customary closing conditions. LHC Group expects approximately $3.6 million in annualized revenue from this expansion of the joint venture and anticipates that it will not materially affect its 2019 diluted earnings per share. Continue Reading>>
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