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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:03 EDTADUS, LHCGLHC 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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December 15, 2014
16:21 EDTADUSAddus HomeCare announces CFO Meulemans to retire in 2015
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16:20 EDTADUSAddus HomeCare names Maxine Hochhauser COO
Addus HomeCare announced the appointment of Maxine Hochhauser as COO and the promotion of Darby Anderson to Chief Business Development and Strategy Officer. Hochhauser joins Addus, from Amedisys where she was Senior Vice President, Enterprise Operations. Most recently Anderson has served as SVP to which he was promoted from VP of Home and Community Services.
December 9, 2014
10:23 EDTLHCGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
06:19 EDTLHCGLHC Group upgraded to Outperform from Underperform at Credit Suisse
Credit Suisse upgraded LHC Group two notches to Outperform from Underperform. The firm believes 2015 will be an inflection point for LHC Group given greater visibility on payment cuts, a benign regulatory backdrop, overlooked cost reductions, and an under-levered balance sheet. Price target raised to $32 from $23.
December 4, 2014
13:02 EDTLHCGLHC Group names Dionne Viator as CFO, Treasurer
LHC Group announced that it has selected Dionne Viator, a proven healthcare executive with extensive industry experience and leadership, to serve as the company's Executive Vice President, CFO and Treasurer, effective February 1, 2015. Viator has spent the last 21 years of her career at the General Health System.

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