LHC Group has finalized acquisition agreements for two providers – one home health and one hospice – located in Virginia Beach. The purchase agreements were initially announced by the company last month.
The acquisition includes Generations Home Health and Freda H. Gordon Hospice and Palliative Care. Both will continue operating under their current names.
In addition to expanding LHC Group’s scope of services in the Virginia Beach region, the acquisitions align with the company’s co-location strategy to provide multiple in-home healthcare services in certain markets, as well as its strategy of retaining and operating under a family of well-known local brands.
LHC Group expects annualized revenue from these purchases of approximately $7 million and that it will not materially affect its 2021 diluted earnings per share. Read more.
