The LHC Group, a national provider of home health and hospice services, has acquired hospices in Alabama and Louisiana and entered into a home health joint venture in Kentucky.
The company has acquired certain assets from Hospice Complete, Inc., to operate four Alabama-based hospice agencies in Trussville, Jasper, Anniston/Oxford and Tuscaloosa. The primary service area of this acquisition covers 22 counties in Alabama, with an estimated population of approximately 1.7 million – almost 15 percent of which is 65 or older. The combined annual net revenue of the agencies is approximately $4.8 million.
In addition, the LHC Group has acquired Vital Hospice in Hammond, La. The primary service area of this acquisition covers a 50-mile radius that includes approximately 18 parishes in southeast Louisiana, with an estimated population of approximately 2.1 million – almost 12 percent of which is 65 or older. Annual net revenue for this acquisition is approximately $1.5 million. This agency will operate under the name of Feliciana Hospice and Palliative Care.
"It is with great pleasure that I welcome the employees from Hospice Complete and Vital Hospice into our growing LHC Group family,” said Keith G. Myers, chief executive officer of the LHC Group. “These hospice acquisitions fit perfectly into our strategy of growing our hospice footprint in markets where we already have a strong presence in home health. We look forward to continuing with this strategy throughout 2011 and being able to offer quality home health and hospice services to the patients and families in our service areas."
The company has also entered into a home health joint venture with Marshall County Hospital in Benton, Ky., to provide home health services in Marshall County.
"Home health is an incredibly important part of our services; we expect this partnership to bring even more home and community-based resources to the citizens of Marshall County,” said Kathy Long, chief executive officer of Marshall County Hospital. “LHC Group, with over 60 partnerships with non-profit hospitals around the country and three here in Kentucky, has an excellent reputation for adding expertise and additional resources needed to enhance hospital-based home care operations. We believe this relationship will allow us to improve the quality of home care we provide and to expand the scope of our services."
"We are proud to partner with Marshall County Hospital and look forward to working with them to deliver the highest quality home health services to the residents of Marshall County,” Meyers added. “LHC Group and Marshall County Hospital share a common goal of providing high quality patient care in an environment that is rewarding for our employees and caregivers.”