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Home Health & Hospice Week

Industry Notes:

Chains Ramp Up Acquisitions

Published on Fri Jan 07, 2011

Uncertain reimbursement future fails to put a damper on the M&A market. The home care market has stayed busy with M&A activity into the new year. National chain LHC Group Inc. has acquired hospice locations in Alabama and Louisiana and entered into a home health joint venture in Kentucky, it says in a release. Lafayette, La.-based LHC bought Alabama-based Hospice Complete Inc. with locations in Trussville, Jasper, Anniston/ Oxford and Tuscaloosa. The locations, which will still operate under the Hospice Complete name, have annual revenue of $4.8 million. LHC also acquired Vital Hospice in Hammond, La., which has annual revenue of $1.5 million. Vital will operate under the name of Feliciana Hospice and Palliative Care. And LHC entered into a joint venture with Marshall County Hospital in Benton, Ky. to furnish home care services in the county, the company says. LHC has more than 60 such partnerships with non-profit hospitals [...]
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