LHCG - LHC Group purchases Heart 'n Home Hospice for expanding national hospice footprint

LHC (LHCG) agreed to purchase Fruitland, Idaho headquartered Heart 'n Home Hospice, paving its initial way into hospice services in the state of Oregon and expanding its existing hospice footprint in Idaho.Acquisition includes three hospice providers with a total of six locations in southwestern Idaho — complementing the company's current operations in the northern and southeastern part of the state — and four locations in central and eastern Oregon.The providers will continue to operate under the Heart 'n Home Hospice and Treasure Valley Hospice names.The agreement is expected to close on July 1, 2021.The company expects annualized revenue of ~$20M from this purchase and it will not materially affect its 2021 diluted EPS.LHC Group operates 120+ hospice locations around the nation.

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LHC Group purchases Heart 'n Home Hospice for expanding national hospice footprint