LHC to acquire Life Care Home Health - KLFY News 10

LHC to acquire Life Care Home Health

LAFAYETTE, La. (AP) - Lafayette-based home nursing firm LHC Group will buy 14 home health agencies from a Tennessee company for $10 million in cash.

Life Care Home Health Inc.'s agencies are spread across seven states. LHC said the deal will increase its footprint to 352 locations across 30 states. LHC expects to close the acquisition on Sept. 1, and that the deal will increase earnings in 2015.

The Life Care agencies are in Arizona, Colorado, Massachusetts, Rhode Island, Tennessee, Utah and Washington. The home health agencies produced revenues of approximately $28.5 million in 2013 and for the 12 months ended in May.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

7/15/2014 9:38:09 AM (GMT -5:00)

Powered by WorldNow

1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509

Telephone: 337.981.4823
Fax: 337.984.8323
Email: tip10@klfy.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Louisiana, Inc. A Media General Company.