LHC Group announces agreement to purchase assets from VNA Home Health of Maryland
LHC Group - common stock (LHCG)
Last lhc group - common stock earnings: 2/26 04:30 pm
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Source: GlobeNewswire
LAFAYETTE, La., July 30, 2019 (GLOBE NEWSWIRE) -- LHC Group, Inc. (NASDAQ: LHCG) announced today that it has agreed to purchase a home health and home and community based services (HCBS) provider located in Baltimore from VNA of Maryland and Elite Home Care Services. The agreement is expected to close on September 1, subject to customary closing conditions. LHC Group expects annualized revenue from this purchase of approximately $35 million and that it will not materially affect its 2019 diluted earnings per share. To date in 2019, LHC Group has acquired or agreed to acquire 12 home health, five hospice, and one HCBS locations in four states and the District of Columbia, representing annualized revenue of approximately $72.5 million. The provider’s home health services will continue to operate under the current name of VNA of Maryland. HCBS services will operate under the name of Maryland Private Care. The provider serves patients in Baltimore and the licensed service area wit
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