As the health care system strives to care for the legions of patients suffering from COVID-19, hospices have accepted an influx of patients who are infected with the virus. With hospice and palliative care patients among the most vulnerable to coronavirus disease infection, providers have ramped up infection control efforts to protect those at highest […]
Joshua Proffitt, president of hospice and home health provider LHC Group (NASDAQ: LHCG), indicated that hospice growth was a “top strategic focus” for the company. LHC Group has completed a number of hospice acquisitions so far in 2020 with additional transactions in their pipeline. “We’re so well-positioned that top priority of hospice expansion and growth […]
A joint venture between LHC Group (NASDAQ: LHCG) and CHRISTUS Health has acquired CHRISTUS Santa Rosa Hospice in San Marcos, Texas, for an undisclosed sum. Santa Rosa will rebrand as CHRISTUS Hospice — Central Texas following the closing of the transaction, expected Nov. 1. Joint ventures form the cornerstone of LHC Group’s hospice mergers and […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has acquired Santa Rita Hospice in Aurora, Colo. Santa Rita will rebrand as At Home Hospice and will share space with At Home Healthcare, LHC Group’s home health agency in that community. Financial terms for the asset purchase were undisclosed. Santa Rita’s average daily census is […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has seen its hospice admissions stabilize after a period of disruption stemming from the COVID-19 pandemic. Even amid coronavirus headwinds, LHC Group’s hospice segment has continued to grow. The segment brought in more than $61 million during the spring quarter of 2020, representing roughly 13% of […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has agreed to create a joint venture with Augusta, Ga.-based University Health Care System to expand hospice and home health services in eight cities throughout Georgia and South Carolina. Two LHC Group hospice locations will comprise the joint venture with three University Health home health providers, […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) is doubling down on hospice expansion through the last half of the year. Having voiced its intention to double its national hospice footprint last December, the company expects to cast a wider net in 2020 through acquisitions with joint venture partners. Similar to many providers across the country, […]
Chief financial officer Joshua Proffiitt has been promoted to president of the hospice and home health giant LHC Group, Inc. (NASDAQ: LHCG), with Robert Williams coming in as the new CFO. Williams was most recently vice president of financial operations for ChenMed, which provides primary care to seniors with complex chronic diseases. Proffitt joined LHC […]
Under the CARES Act enacted in March, many hospice providers nationwide received federal relief funding to provide monetary support as they reeled from the fallout of the coronavirus pandemic. As the U.S. Department of Health & Human Services (HHS) distributed millions of often unsolicited dollars from the Public Health and Social Services Emergency Fund, legal […]
The hospice mergers and acquisitions market continued to be robust early in the first quarter of 2020 but took a sharp dive as companies shifted their attention towards responding to the COVID-19 pandemic and its economic fallout. A number of transactions, large and small, have occurred in May, which could signal a resurgence. The outlook […]