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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.
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August 6, 2014
17:32 EDTLHCGLHC Group raises 2014 EPS outlook to $1.25-$1.35 from $1.15-$1.35
Consensus $1.21. LHC Group raised its 2014 guidance for net service revenue, which was issued on March 5, in the range of $700M-$720M, to a range of $720M-$730M, consensus $708.7M. It said, "This guidance includes the negative impact from the Medicare Home Health Prospective Payment System for 2014 and the positive impact of the recently closed acquisition of the home health, hospice and community-based services operations of Deaconess HomeCare and Elk Valley Health Services. This guidance does not take into account the impact from LHC Group's recently announced pending acquisition of the assets of Life Care Home Health, Inc., other future reimbursement changes, if any, future acquisitions or share repurchases, if made, de novo locations, if opened, or future legal expenses, if necessary."
17:30 EDTLHCGLHC Group reports Q2 EPS 35c, consensus 32c
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