LHC Group to Acquire AseraCare Home Health
LHC Group Inc. (NASDAQ: LHCG) has entered into a purchase agreement to acquire the assets of AseraCare Home Health. The transaction will expand LHC Group's geographical footprint to 310 locations across 26 states.
The acquisition will include four home health agencies located in Atlanta, Ga.; Bloomington, Minn.; Milwaukee, Wis.; and Pittsburgh, Pa. The estimated 65 and older population in the acquired service area totals 1.2 million. Annual revenue is approximately $5 million.
"It is with great pleasure that I welcome AseraCare's home health patients and employees into our LHC Group family," said Keith G. Myers, LHC Group's chairman and CEO. "We are proud to be part of these communities and look forward to partnering with local clinicians to deliver high-quality health care that allows patients to safely remain in the comfort of their homes."
The transaction is expected to close on or around June 28th and is subject to customary closing conditions.
About LHC Group Inc.
LHC Group Inc. is a national provider of post-acute care, providing quality, cost-effective health care to patients within the comfort and privacy of their home or place of residence. LHC Group provides a comprehensive array of post-acute healthcare services through home health, hospice