LHC Group

LHC Group to Acquire Home Health Assets in 22 States from HCA-Brookdale Venture

LHC Group Inc. (Nasdaq: LHCG) has already hit a record year for M&A activity. It added to its streak in a major way on Wednesday, announcing an agreement to purchase Brookdale Health Care Services agencies in 22 states from the recently formed venture between Brookdale Senior Living Inc. (NYSE: BKD) and HCA Healthcare (NYSE: HCA). …

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Transactions: Trive Capital Invests in Choice Health at Home; LHC Group Completes Heart of Hospice Deal

Trive Capital, a Dallas-based private equity firm, has formed a partnership with Choice Health at Home. Tyler, Texas-based Choice is a home health, hospice and rehabilitation services provider. The company operates in 40 total locations across Texas, Louisiana and Oklahoma, with over 800 licensed health care employees. Sign up for HHCN + to read this …

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Higher-Acuity Care, Rate Stability and New M&A Priorities: Key Takeaways from the Q2 Earnings Season

The home health industry is at a pivotal moment, with operators weighing exciting new opportunities while simultaneously working through emerging challenges related to the COVID-19 virus. Amedisys Inc. (Nasdaq: AMED), LHC Group Inc. (Nasdaq: LHCG), Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and other publicly traded providers discussed many of the industry’s biggest developments during their …

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LHC Group Touts ‘Record Year’ for Acquired Revenue in 2021

Excluding 2018 — when it merged with Almost Family — LHC Group Inc. (Nasdaq: LHCG) has had its best year in terms of acquired revenue in its 27-year history during 2021, according to the company. Thanks to a string of home health and hospice deals, LHC Group has doubled its previous goal for acquired revenue …

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Transactions: ModivCare to Buy VRI for $315M; Nova Leap Completes Home Care Deal

ModivCare expands into remote patient monitoring ModivCare Inc. (Nasdaq: MODV), a diversified health care services company with a large personal care business, has signed an agreement to acquire VRI Intermediate Holdings LLC, a provider of remote patient monitoring solutions. Under terms of the agreement, the Denver-based ModivCare will acquire 100% of VRI for a purchase …

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EvergreenHealth Home Care, Alivia Ready to Support Choose Home Legislation

Home-based care leaders are encouraged by the Choose Home Care Act of 2021’s introduction into the U.S. Senate — and what it could mean for the home health industry if it’s ultimately enacted. Brent Korte, Keith Myers and Susan Ponder-Stansel are among them. The trio spoke about the recently introduced legislation Monday at the National …

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Recent Deals Signal Start of a New Home Health Arms Race, Market Shift

If you dig into the home health market, you’ll find that a lot of providers look very much alike. Overall, the home health market is made up of several thousand different players, from smaller mom-and-pop shops led by mission-driven nurses to multi-million-dollar behemoths led by savvy health care veterans. Yet for the most part, many …

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LHC Group, SCP Health Form New Partnership to Provide Higher-Acuity Care in the Home

LHC Group Inc. (Nasdaq: LHCG) and SCP Health on Wednesday announced a new strategic partnership aimed at providing higher-acuity care in the home. By joining forces, LHC Group and SCP Health — two very familiar companies with deep Louisiana roots — hope to build the framework for a range of plug-and-play home-based care solutions that …

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Transactions: HCA Healthcare Completes $400M Deal with Brookdale; LHC Group Announces New Acquisitions

HCA Healthcare Inc. (NYSE:HCA) has completed its purchase of a majority stake in the home health and hospice business of Brookdale Senior Living Inc. (NYSE: BKD). Originally announced in February, the deal instantly turns HCA into one of the largest home health and hospice players in the country. “We view partnerships as foundational to our …

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LHC Group Bides Its Time on Home Health M&A, Inks Another Hospice Deal

In-home care powerhouse LHC Group Inc. (Nasdaq: LHCG) has reached an agreement to acquire Heart of Hospice, an end-of-life care provider with locations in five states. Financial terms of the deal were not disclosed. The transaction announcement comes a week after LHC Group unveiled similar plans to buy Idaho-based Heart ‘n Home Hospice for an …

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DispatchHealth Announces New Health System Partnerships; LHC Group Enters Oregon Hospice Market

DispatchHealth partners with two new health systems The in-home medical care provider DispatchHealth on Tuesday announced partnerships with Eastern Connecticut Health Network (ECHN) and Waterbury Health. The partnerships revolve around bringing patients same-day, at-home medical care. Denver-based DispatchHealth partners with health systems and payers to offer an array of services within the home. The company’s …

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Hoping to Age in Place, Americans Want Long-Term Care Help from Medicare

Given a choice, the vast majority of U.S. adults would still prefer to receive long-term care in their own homes instead of moving into a nursing facility or senior living community, according to a new study from The AP-NORC Center for Public Affairs Research. But while nearly everyone wants to age in place, few actually …

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LHC Group Expands Texas Joint Venture; Anthem Completes myNEXUS Acquisition

LHC Group announces JV expansion LHC Group Inc. (Nasdaq: LHCG) as well as partners Texas Health Resources and Methodist Health System are expanding their joint venture in Texas. The three health care organizations announced on Thursday that they’re purchasing and sharing ownership of Regent Home Health, a provider that currently serves patients and families in …

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LHC Group Invests $20M in UL Lafayette’s College of Nursing and Allied Health Professions

LHC Group Inc. (Nasdaq: LHCG) is making major investments in the University of Louisiana at Lafayette’s College of Nursing and Allied Health Professions — to the tune of $20 million. The funds are part of a new partnership announced Thursday. With this partnership, LHC Group and UL Lafayette’s interests dovetail. The investment will fuel each …

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SNF-at-Home Concept Earning ‘Very Positive Feedback’ in Congress, Among Special Interest Groups

An innovative care concept designed to keep patients at home and out of skilled nursing facilities (SNFs) is reportedly gaining ground in Congress and among special interest groups. The concept — known as “Choose Home” — is a type of SNF-at-home model that leverages both medical and non-medical home care services for certain patients. LHC …

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Home Health Giants Double Down on Diversion, as Nursing Home Numbers Normalize

Acute and post-acute patient volumes started to normalize in the early part of 2021, with hospitals, skilled nursing facilities (SNFs) and home health providers all hovering around their 2019 baselines. The accelerated rollout of COVID-19 vaccines is largely responsible for the newfound stability, particularly in the SNF space. Following millions of inoculations across the U.S., …

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LHC Group’s Myers: ‘Choose Home’ Initiative Would Reshape Long-Term Care

The United States is on the brink of another major shift that will change how, when and where Medicare beneficiaries access health care services. The Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG) is doing everything in its power to position itself for that coming shift, executives detailed during a Friday morning conference call on fourth …

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What Nursing Home Operators, Home Health Providers Are Saying About SNF-to-Home Diversion

Back-and-forth shifts in patient volume between skilled nursing facilities (SNFs) and in-home care providers have been happening for years. Yet health care policymakers and executives are now examining such shifts — and the potential advantages of delivering care inside an individual’s home instead of a facility — more closely due to the ongoing COVID-19 pandemic. …

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Top Home Health Trends for 2021

“Nobody knows what the future holds” has been one of the biggest lessons learned during the COVID-19 emergency. But even as the home health industry plays its part in responding to new infection spikes across parts of the country, it has never been more important to stay ahead of the curve. To remain competitive in …

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Consolidation Accelerates as Home Health Operators Crash from Stimulus ‘Sugar High’

The “sugar high” that some cash-strapped home health providers felt after receiving federal assistance linked to the COVID-19 pandemic is coming to an end, top executives from LHC Group Inc. (Nasdaq: LHCG) believe. As a result, consolidation is beginning to ramp up again, setting the stage for a potentially record-setting year for dealmaking. Prior to …

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LHC Group Finalizes Three Acquisitions; A-1 Preferred Sources Buys On The Mark Services

LHC Group finalizes hospice, palliative care purchases LHC Group Inc. (Nasdaq: LHCG) has finalized acquisition agreements in Arizona and Oklahoma. By doing so, the Lafayette, Louisiana-based home health, hospice and personal care services giant expands its scope of services in the Phoenix area while entering the Oklahoma hospice market for the first time. Specifically, LHC …

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Beyond the Pandemic: 9 Overlooked Stories from 2020

The ongoing COVID-19 pandemic dominated headlines in 2020 — and rightfully so. But there were plenty of other storylines that defined the year, including the launch of the Patient-Driven Groupings Model (PDGM), the conclusion of a hotly contested presidential election and the execution of multiple industry-shaping transactions. These are nine of the most overlooked stories …

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LHC Group CEO Keith Myers: Change in Washington Won’t Derail ‘Incredible’ Home Health Opportunity

Keith Myers has seen his fair share of change in Washington, D.C. Since co-founding the business with his wife, Ginger, in 1994, Myers has helped lead LHC Group Inc. (Nasdaq: LHCG) through parts of five presidencies as chairman and CEO. A new administration with Joe Biden in the White House would make that six. Although …

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‘These Funds Can Best Be Used Elsewhere’: LHC Group Returns $93.3M in Federal Relief

Rising demand for health care services delivered in the home and an increasingly favorable regulatory environment have set the stage for the nation’s top-tier home health operators. That idea has LHC Group Inc.’s (Nasdaq: LHCG) leadership team bullish about the company’s near- and long-term outlook. LHC Group’s optimism is additionally supported by shifting referral patterns …

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LHC Group, Christus Health Expand Joint Venture Partnership

LHC Group Inc. (Nasdaq: LHCG) has inked another joint venture agreement. On Thursday, the Lafayette, Louisiana-based home health, hospice and personal care services provider announced plans to expand its existing JV partnership with Christus Health, a nonprofit health system out of Irving, Texas. LHC Group and Christus have been JV partners since 2017. “Our experience …

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LHC Group Locks Down Two New JVs, Acquires Hospice Provider

LHC Group Inc. (Nasdaq: LHCG) on Thursday announced the finalization of two joint venture agreements. A home health, hospice and personal care services provider, Lafayette, Louisiana-based LHC Group currently operates in 35 states and Washington, D.C. In one of the two new JV agreements, LHC Group will share ownership of SunCrest Home Health, a Gainesville, …

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LHC Group, University Health Care System Announce New JV Agreement

LHC Group Inc. (Nasdaq: LHCG) has added another joint venture partner into its fold.  The Lafayette, Louisiana-based home health, hospice and personal care services provider announced Thursday it has signed a definitive agreement to form a new JV with University Health Care System, one of the largest, most comprehensive health care organizations in Georgia. University …

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LHC Group CFO: Historic Home Health Consolidation Opportunity Remains ‘Compelling as Ever’

Since the worst stretch of the public health emergency, LHC Group Inc. (Nasdaq: LHCG) has seen a decrease in weekly COVID-related missed visits and improved its average daily census. It has also added thousands of new physician referral sources, a win for the company considering many institutional sources are at a standstill.  Those are just …

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