Home health and hospice provider LHC Group (NASDAQ: LHCG) is determined to cast a larger shadow on the hospice space this year and next, largely through acquisitions with joint venture partners. The company last December voiced its intention to double its hospice footprint nationally within 12 to 18 months, with a focus on co-locating hospice operations in markets where they already have an established home health presence. These plans have not slowed down amid the COVID-19 pandemic. During 2019 and to date in 2020, the company purchased 27 home health, 11 hospice, three home- and community-based services locations and one long term care acute hospital across 13 states and the District of Columbia. Most of these transactions involved hospital joint ventures. LHC Group engages in M&A primarily through joint ventures with hospitals and health systems, which has been the company’s most active growth front. Though the JV M&A strategy is not unique among hospice businesses, their approach is rare among publicly traded hospice and home health providers.
Read the full article: LHC Group Stays Bullish on Hospice Expansion //
Source: https://hospicenews.com/2020/05/12/lhc-group-stays-bullish-on-hospice-expansion%ef%bb%bf