The leading home health and hospice provider LHC Group, Inc. (NASDAQ: LHCG) is back with a new acquisition. The company is buying Heart ‘n Home Hospice, which has a total of six locations in southwestern Idaho and four locations in central and eastern Oregon. It also operates under the Treasure Valley Hospice brand.
LHC Group is a leading national provider of in-home healthcare services and the joint venture partner of choice for 350 hospitals in the U.S.
The acquisition marks LHC’s initial entry into hospice services in the state of Oregon and expands its existing hospice footprint in Idaho. LHC Group expects annualized revenue from this purchase to reach approximately $20 million and that it will not materially affect its 2021 diluted earnings per share.
It’s been a busy May for LHC. Just two weeks ago, the company purchased two Casa de la Luz provider locations in Tuscon, Arizona, expanding LHC’s presence in that market. The providers have an approximate annual revenue of $23 million and will continue to operate the Casa de la Luz name.
And just in late April, LHC teamed up with Texas Health Resources and Methodist Health System to form a joint venture and purchase Regent Home Health, a home health and hospice agency that offers a wide variety of services including nursing care, various therapy services, home health aides and medical social work services.