M&A and Financing Newsflash: LHC Group and St. Mary’s Reach Partnership

LHC Group and St. Mary’s Health Network Purchase St. Mary’s Home Care Services

Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) and Reno, Nevada-based St. Mary’s Health Network last week announced the finalization of an equity partnership agreement to purchase and share ownership of St. Mary’s Home Care Services, which operates in Nevada.

LHC Group and its roughly 30,000 employees deliver home health, hospice, personal care services and facility-based services across more than 780 locations and three dozen states. Additionally, LHC Group also partners with 76 health systems, including 336 hospitals.

St. Mary’s is a 380-bed acute-care hospital that offers inpatient, outpatient and wellness services.

St. Mary’s Home Care Services will maintain its current name and location. Financial terms of the deal were not disclosed.

Encompass Health Completes Acquisition of Camellia Healthcare 

Dallas-based Encompass Health Corp. (NYSE: EHC) announced last week it has completed its purchase of privately owned Camellia Healthcare, headquartered in Mississippi, and its affiliated entities.

With the deal, Encompass acquires Camellia’s portfolio of 18 hospices, 14 home health agencies and two private-duty locations in Mississippi, Alabama, Louisiana and Tennessee, which generated revenues of about $78 million in 2017.

With the closing of the transaction, Encompass Health becomes the country’s fourth-largest provider of Medicare-certified skilled home health services and a top-25 provider of hospice services. Encompass’s national footprint includes 128 hospitals, along with 268 home health and hospice locations in 36 states and Puerto Rico.

The deal strengthens Encompass Health’s geographic presence in the southeastern United States.

Amedisys Closes on East Tennessee Personal Care Services

Baton Rouge, Louisiana-based Amedisys, Inc., (Nasdaq: AMED) announced last week that subsidiary Associated Home Care has closed on its acquisition of East Tennessee Personal Care Services (ETPCS), a personal care provider headquartered in Knoxville.

Associated Home Care acquired “substantially all assets” of ETPCS under terms of the deal.

As one of the largest home health providers in the United States, Amedisys provides services to roughly 369,000 patients each year across its more than 430 care centers in nearly three dozen states. The Amedisys personal care division now serves more than 19,000 clients annually in Massachusetts, Florida and Tennessee.

ETPCS, founded in 2003, offers personal care, homemaker services, personal support and licensed practical nurses to clients in the Knoxville metro areas, including Knox, Loudon, Blount, Roane, Anderson and Monroe counties.

Written by Robert Holly

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Robert Holly
When Robert's not covering the latest in home health care news, you can likely find him rooting for the White Sox or roaming his neighborhood streets playing Pokemon Go. Before joining HHCN, Robert covered everything from big agribusiness to the hottest tech startups. 

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