HCA Healthcare just locked in its $400 million majority stake purchase of Brookdale Senior Living’s home health and hospice business in July, yet the hospital chain is already looking to trim off the fat with some extra dealmaking, Firece Healthcare reports.
The hospital chain has entered into a preliminary agreement with home care provider LHC Group to sell off nearly 50 home health locations, hospices and therapy agencies across 22 states.
The companies are planning to finalize the deal in the fourth quarter. LHC Group did not share the sale price, but said it expects to gain roughly $146 million in annualized revenue from the purchased assets. Read more.
