LHC Group Continues Acquisition Spree With Two New Home Health Buys

Following a deal earlier this month two acquire two home health companies, LCG Group (NASDAQ: LHCG) is continuing its buying spree—this time through the acquisition of two more home health providers.  In addition, the company has reached an agreement to acquire one hospice provider.  The two transactions are based in Tompkinsville, Kentucky and Valley Alabama, […]

LHC Group to Acquire Home Care Companies for $60 Million

National home care provider LHC Group (NASDAQ: LHCG) is getting even bigger. The company announced this week it will acquire Deaconess HomeCare and Elk Valley Health Services—two subsidiaries of BioScrip, Inc.—for $60 million. The deal will bolster LHC’s geographical footprint to include 342 locations across 27 states. Deaconess HomeCare, established in 1969, and Elk Valley […]

Home Health Companies Fall Out of Wall Street Favor Following CMS Proposal

Publicly held home health companies faltered on Wall Street in response to an announcement last week from the Centers for Medicare and Medicaid Services proposing Medicare reimbursements to home health providers will fall 1.5% in 2014, or $290 million based on estimates. Public companies including Gentiva Health Services (NASDAQ: GTIV) and Amedisys Inc. (NASDAQ: AMED) […]

LHC Acquires AseraCare Home Health, Enters Four New Markets

Home care provider LHC Group (Nasdaq: LHCG) has agreed to purchase the assets of AseraCare Home Health comprising four home health agencies.  The transaction will expand LHC Group’s footprint to 310 locations across 26 states, the company announced Thursday, including four new major markets for the company.  “It is with great pleasure that I welcome […]

LHC Group Beefs Up Home Health Business with New Acquisition

LHC Group Inc. (NASDAQ: LHCG) continues its strategy of acquiring hospice providers within the company’s home health market with another acquisition. LHC announced that it has acquired the assets of Infirmary Hospice Care in Mobile, Alabama. Current annual revenue for the agency is approximately $2.5 million and will continue  to operate under the Infirmary name throughout […]