Hospice News September 8, 2021
LHC Group (NASDAQ: LHCG) will acquire home health and hospice operations in 22 states from the joint venture between Brookdale Senior Living (NYSE: BKD) and hospital system HCA Healthcare (NYSE: HCA). Brookdale sold an 80% stake in its home health, hospice and outpatient therapy business to HCA earlier this year in a $400 million deal.
The transaction includes 11 hospice, 23 home health and 13 therapy locations in geographic areas that HCA Healthcare does not currently serve. The acquired locations will not rebrand. LHC Group expects these assets to generate nearly $146 million annually.
“In short, this agreement creates an abundance of opportunity for LHC Group to positively impact more lives through the delivery of quality health care in cooperation...
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