LHC Group, a Lafayette, La.-based home health and hospice provider, has acquired control of four hospice agencies in Alabama and an additional hospice location in Louisiana.
Hospice provider LHC announces deals
The Alabama hospice assets were purchased from Hospice Complete, Birmingham, and they represent $4.8 million in annual net revenue, according to a news release. LHC Group also acquired Vital Hospice, based in Hammond, La., whose annual net revenue is $1.5 million. Terms of the deals were not disclosed.
“These hospice acquisitions fit perfectly into our strategy of growing our hospice footprint in markets where we already have a strong presence in home health,” Keith Myers, LHC Group's CEO, said in the release.
Additionally, LHC Group announced it had entered into a joint venture with Marshall County Hospital, Benton, Ky., to provide home health services to the surrounding community. Kathy Long, the hospital's CEO, said the organization planned to retain an ownership interest in its home health agency, but said the partnership with LHC Group would allow the hospital to expand its services.
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