Biotech

LHC Group and LifePoint Health expand partnership with two acquisitions in North Carolina and Virginia Nasdaq:LHCG

LAFAYETTE, La., Dec. 10, 2018 (GLOBE NEWSWIRE) — LHC Group (NASDAQ: LHCG) and LifePoint Health® right this moment introduced the continued growth of their partnership. The corporations have finalized two transactions to buy and share possession of residence health service suppliers in Hickory, N.C., and Danville, Va.

LHC Group and LifePoint fashioned a three way partnership to share possession of residence health and hospice suppliers throughout LifePoint’s footprint in January 2017. In lower than two years, the three way partnership, which started with 20 residence health and 10 hospice areas, has grown to incorporate 33 residence health, 14 hospice, and one residence and group primarily based providers areas.

In Hickory, LHC Group and LifePoint are buying and sharing possession of Guardian Health Services. LHC Group has majority possession and will assume administration duty of the company, which is able to proceed to offer service from its present location beneath a brand new title: Guardian Home Health. Guardian Home Health will likely be affiliated with Frye Regional Medical Center, which is a part of Duke LifePoint Healthcare.

In Danville, LHC Group and LifePoint Health are buying and sharing possession of Commonwealth Home Health Care. LHC Group has majority possession and will assume administration duty of the company, which is able to proceed to function at its present location beneath the identical title. Commonwealth Home Health Care will likely be affiliated with Sovah Health – Danville, a LifePoint Health facility.

“We look forward to continuing our work with our partners at LifePoint – expanding their post-acute presence and capabilities as they serve communities across America,” mentioned Keith Myers, LHC Group chairman and CEO. “Together, we will grow these existing service lines, offer new services, and enhance our partners’ ability to provide high quality care to the patients and families they serve.”

By rising its relationships with LifePoint and different healthcare companions across the nation, LHC Group enhances its capability to offer post-acute care options. Hospitals and health techniques more and more search a high-quality post-acute companion to assist handle the transitioning of sufferers – ensuring that they transfer via the post-acute care continuum as successfully and effectively as attainable.

“As the way people utilize healthcare services shifts, access to high-quality home health services has never been more essential,” mentioned David Dill, CEO of LifePoint Health. “We are delighted to continue growing our joint venture with LHC Group to achieve a shared mission of making communities healthier, and look forward to working further with their team to expand the services we can provide across the nation.”

LHC Group is a number one nationwide supplier of in-home healthcare providers and the three way partnership companion of alternative for 330 hospitals throughout the United States.

Hospital and residence health partnerships are a key element in serving to sufferers handle their circumstances and obtain an optimum end result. Home health professionals deal with a variety of medical circumstances, permitting sufferers to relaxation and get better in the consolation of residence.

Working collectively, LHC Group and its companions ship a stage of in-home healthcare service that’s acknowledged industry-wide for constant high quality. They present efficient and inexpensive care choices that provide the steerage, help, and assets sufferers and households have to make an knowledgeable determination for themselves or a liked one – serving to them regain strength and independence and attain the standard of life they deserve.

About LHC Group, Inc.

LHC Group, Inc. is a nationwide supplier of in-home healthcare providers and improvements, offering high quality, value-based healthcare to sufferers primarily inside the consolation and privateness of their residence or place of residence. LHC Group’s providers cowl a variety of healthcare wants for sufferers and households dealing with sickness, damage, or power circumstances. The firm’s 32,000 workers ship residence health, hospice, residence and group primarily based providers, and facility-based care from 780 areas in communities in 36 states. Through its healthcare improvements enterprise, LHC Group drives elevated utilization of residence healthcare and enhances affected person and caregiver engagement. LHC Group is the popular in-home healthcare companion for 330 main hospitals across the nation.

About LifePoint Health®

LifePoint Health is a number one healthcare firm devoted to Making Communities Healthier®.  Through its subsidiaries, it offers high quality inpatient, outpatient and post-acute providers near residence. LifePoint owns and operates group hospitals, regional health techniques, doctor practices, outpatient facilities, and post-acute amenities throughout the nation. It is the only group healthcare supplier in the vast majority of the non-urban communities it serves. More details about the corporate will be discovered at www.LifePointHealth.internet.

Forward-looking Statements
Certain statements and data in this press launch could also be deemed to include forward-looking statements inside the which means of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements could embody, however aren’t restricted to, statements referring to our targets, plans and methods, and all statements, apart from statements of historic info, that tackle actions, occasions or developments that we intend, count on, undertaking, consider or anticipate will or could happen in the long run. These statements are sometimes characterised by terminology akin to “believe”, “hope”, “may”, “anticipate”, “should”, “intend”, “plan”, “will”, “expect”, “estimate”, “project”, “positioned”, “strategy” and related expressions, and are primarily based on assumptions and assessments made by LHC Group’s administration in gentle of their expertise and their notion of historic tendencies, present circumstances, anticipated future developments and different elements they consider to be applicable. Any forward-looking statements in this press launch are made as of the date hereof, and LHC Group undertakes no responsibility to replace or revise any such statements, whether or not because of new data, future occasions or in any other case. Forward-looking statements aren’t ensures of future efficiency and are topic to dangers and uncertainties. Important elements that would trigger precise outcomes, developments, and enterprise choices to vary materially from forward-looking statements are described in LHC Group’s most up-to-date Annual Report on Form 10-Ok and its Quarterly Reports on Form 10-Q, together with the sections entitled “Risk Factors”, as properly MEDNAX’s present reviews on Form 8-Ok, filed with the Securities and Exchange Commission.

Contacts:

Investor Relations                   
Eric Elliott                               
337.233.1307
Eric.Elliott@LHCgroup.com

Media Relations
Mark Willis                             
337.769.0673                           
Mark.Willis@LHCgroup.com

Michelle Augusty
615.920.7654
Michelle.Augusty@lpnt.net

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