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Slide #25. LHC Group Inc. — Deaconess Homecare
LHC Group Inc. (NASDAQ:LHCG)
LHC Group Inc. (Nasdaq:LHCG), a national provider of home health, hospice and comprehensive post-acute healthcare services, announced today that it has signed a definitive stock purchase agreement with BioScip, Inc. (Nasdaq:BIOS) to purchase two of its operating subsidiaries, doing business as Deaconess HomeCare and Elk Valley Health Services, for $60 million. The transaction will add 33 locations in five states, increasing LHC Group's geographical footprint to 342 locations across 27 states. The transaction, which is expected to close by the end of the first quarter of 2014, subject to customary closing conditions, is anticipated to be accretive to LHC Group's 2014 earnings by between $0.05 and $0.10 per diluted share.
LHC Group, through its subsidiaries, provides post-acute health care services to patients through its home nursing agencies, hospice agencies, home and community-based services agencies, long-term acute care hospitals and healthcare innovations services. Co.'s segments include: home health services, which includes nursing, medically-oriented social services and physical, occupational, and speech therapy; hospice services, which includes pain and symptom management, emotional and spiritual support, inpatient and respite care, homemaker services, and counseling; and home and community-based services, which includes assistance to elderly, chronically ill, and disabled patients.
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Strong Buy (3.80 out of 4)
(ranked higher than approx. 76% of all stocks covered)
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