Healthcare M&A » By The Online Investor Staff, updated Mon., Aug. 10, 1:30 AM
Recent mergers and acquisitions in the Healthcare M&A category.
| This Slide: #52 of 100 |
Slide #52. 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 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.
LHCG SEC Filing Email Alerts Service
Open the LHCG Page at The Online Investor »
|
|||||||||||||||||||||
Open the LHCG Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
 
|
Strong Buy (3.80 out of 4) 76th percentile
(ranked higher than approx. 76% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
