LHC Group, today announced an agreement to purchase Brookdale Health Care Services agencies from the recently formed home health, hospice and outpatient therapy venture between HCA Healthcare and Brookdale Senior Living. The agencies, which are not in areas served by HCA Healthcare, include 23 home health locations, 11 hospice, and 13 therapy agencies across 22 states. The agencies will continue to operate under their existing brands and locations.
LHC expects annualized revenue from the purchase of approximately $146 million and, due to the expected timing of the closing, that it will not materially affect 2021 diluted earnings per share. It is anticipated that the purchase will be finalized in the fourth quarter. Read more.
