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Slide #52. 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 completed the previously announced transaction with BioScrip, Inc. (Nasdaq:BIOS) to purchase two of its operating subsidiaries, doing business as Deaconess HomeCare and Elk Valley Health Services, for $59.5 million. The transaction adds 32 agencies in four states, increasing LHC Group's geographical footprint to 340 post-acute care agencies across 26 states, and 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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Strong Buy (4.00 out of 4)