Home Health Care News June 2, 2021
In-home care powerhouse LHC Group Inc. (Nasdaq: LHCG) has reached an agreement to acquire Heart of Hospice, an end-of-life care provider with locations in five states. Financial terms of the deal were not disclosed.
The transaction announcement comes a week after LHC Group unveiled similar plans to buy Idaho-based Heart ‘n Home Hospice for an undisclosed sum. Together, the two new deals further illustrate the Lafayette, Louisiana-based provider’s previously outlined M&A strategy and ongoing expansion into the hospice market.
As of this March, LHC Group had 537 home health locations, 120 hospice locations and 124 home- and community-based services (HCBS) locations, operating across roughly three dozen states overall. The company has historically been a home health-heavy organization, but it has...
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