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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:03 EDTLHCG, ADUSLHC Group acquires home health business from Addus HomeCare
LHC Group (LHCG) has completed the previously announced acquisition of the home health service line of Addus HomeCare (ADUS). The closing will be effective at 12:01 a.m. on March 1. All conditions to closing have been satisfied. The acquisition encompasses 19 home health agencies and two hospice agencies in five states. LHC Group acquired 100% of the assets of three home health agencies in Arkansas, one home health agency and two hospice agencies in South Carolina and one home health agency in Nevada. The company also acquired 90% of the assets of eight home health agencies in Illinois and six in California, with Addus retaining a 10% ownership interest in those locations. The estimated 65 and older population in the acquired service area totals 2.6M. Annual revenue is approximately $36.7M. Purchase price for the transaction was $20M.
News For LHCG;ADUS From The Last 14 Days
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October 30, 2014
16:14 EDTADUSAddus HomeCare reports Q3 EPS 29c, consensus 29c
Reports Q3 revenue $81.7M, consensus $79.66M.
October 23, 2014
15:23 EDTLHCGVan Berkom & Associates reports 4.14% passive stake in LHC Group
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