Healthcare M&A » By The Online Investor Staff, updated Mon., Sep. 20, 7:40 AM
Recent mergers and acquisitions in the Healthcare M&A category.
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Slide #46. LHC Group, Inc. — Assets of a home health and hospice provider in the Certificate of Need state of West Virginia and the assets of a home health and community-based service provider in the CON state of North Carolina
Acquirer:
LHC Group, Inc. (NASDAQ:LHCG)
Acquiree:
Assets of a home health and hospice provider in the Certificate of Need state of West Virginia and the assets of a home health and community-based service provider in the CON state of North Carolina
Details:
LHC Group, Inc. (Nasdaq:LHCG), a national provider of home health, hospice and comprehensive post-acute healthcare services, announced today that it has acquired the assets of a home health and hospice provider in the Certificate of Need (CON) state of West Virginia and signed a definitive purchase agreement to acquire the assets of a home health and community-based service provider in the CON state of North Carolina. Annual combined revenue for the two transactions is approximately $2 million.
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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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 85th percentile
(ranked higher than approx. 85% of all stocks covered)
Analysts' Target Price: LHCG Stock Forecast Based on Zacks ABR data; powered by Xignite |
