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Diagnostics M&A image Diagnostics M&A » By The Online Investor Staff, updated Thu., Sep. 24, 4:51 AM Recent mergers and acquisitions in the Diagnostics M&A category.

Slide #25. LHC Group Inc. Deaconess Homecare

Acquirer: LHC Group Inc. (NASDAQ:LHCG)
Acquiree: Deaconess Homecare
Details: 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 is a holding company. Through its subsidiaries, Co. provides post-acute health care services to its patients. Co.'s segments include: home health services, which include nursing, medically-oriented social services and physical, occupational, and speech therapy; hospice services, which include pain and symptom management, emotional and spiritual support, inpatient and respite care, homemaker services, dietary counseling, and family bereavement counseling; and home and community-based services, which include assistance with grooming, medication reminders, meal preparation, assistance with feeding, light housekeeping, respite care, transportation, and errand services.

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Company Name: 
LHC Group Inc
Website: 
www.lhcgroup.com
Sector: 
Diagnostics
Number of ETFs Holding LHCG: 
54
Total Market Value Held by ETFs: 
$1.08B
Total Market Capitalization: 
$6.33B
% of Market Cap. Held by ETFs: 
17.10%
 

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