The LHC Group (NASDAQ: LHCG) is fueling its hospice growth engine through the company’s hallmark joint venture strategy as well as new acquisitions, according to CFO Josh Proffitt, speaking at the William Blair 2019 Growth Stock Conference in Chicago. LHC Group has targeted an additional 130 markets for hospice expansion in areas where they already […]
All signs point to a strong showing for hospice mergers and acquisitions through the year and into 2020 as companies and investors shy away from home health in anticipation of potential fallout from the forthcoming patient-driven groupings (PDGM) model. Eight hospice acquisitions took place during the first quarter of 2019, up from seven transactions during […]
LHC Group Inc. (NASDAQ: LHCG) has revved up its joint venture engine in the early part of 2019. The Lafayette, La.-based provider plans on ramping up the JV strategy in coming months, while simultaneously building hospice density in its existing home health markets. Executives from the company highlighted those 2019 plans during a first-quarter earnings […]
Joint venture partners LHC Group, Inc. (NASDAQ: LHCG) and Capital Region Medical Center (CRMC) have entered an agreement to purchase one hospice agency in Mexico, Mo., as well as two home health agencies, one located in Jefferson City, Mo. Financial terms of the transaction were undisclosed. The joint venture expects the transaction to close before […]
Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]
Following the completion of lucrative acquisition and joint venture activity during 2018, LHC Group (NASDAQ: LHCG) will make M&A and JV transactions a cornerstone of its 2019 growth strategy. LHC on Thursday reported a record $8.226 million in revenue tied to acquisitions and joint ventures for full year 2018. Among the company’s 2019 plans is […]
LHC Group (NASDAQ: LHCG) has teamed up with two Northeast hospice providers in a joint venture expected to glean $35 million in annual revenue. LHC purchased a majority share and will take over management of Geisinger Home Health and Hospice and AtlantiCare Home Health and Hospice, serving patients in New Jersey and Pennsylvania. The companies […]
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