A recent article by LHC Group announced that it has a definitive agreement with Geisinger for a home health and hospice joint venture.
Editor's Note: This article originally appeared on LHC Group's website.
LAFAYETTE, La. and DANVILLE, Pa. (February 26, 2019) – LHC Group, Inc. (NASDAQ: LHCG), Geisinger Home Health and Hospice, and AtlantiCare Home Health and Hospice announced today they have entered into a definitive agreement for a joint venture partnership to enhance home health and hospice services at Geisinger locations in Pennsylvania and at AtlantiCare – A Member of Geisinger in Atlantic County, New Jersey.
It is anticipated that the joint venture agreement will be completed by April 1 for the Pennsylvania locations, and by June 1 for New Jersey, subject to customary closing conditions, at which time LHC Group will purchase majority ownership of Geisinger’s home health and hospice services and assume management responsibility. LHC Group expects annualized revenue from this joint venture of approximately $35 million and that it will not materially affect its 2019 diluted earnings per share. Click here to continue>>
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