LHC Group Partnership Acquires Texas Home Health Agency
LAFAYETTE, La., July 5, 2012 (GLOBE NEWSWIRE) -- LHC Group Inc. (Nasdaq:LHCG), in partnership with Texas Health Resources and Methodist Health System, has acquired 100 percent of the assets of Huguley Home Health Agency from Huguley Memorial Medical Center in Burleson, Texas.
LHC Group (LHCG) recently entered into a home health joint venture with Texas Health Resources and Methodist Health System in an innovative model that will significantly expand the post-acute care company's operations in the Lone Star state. Earlier this year, Huguley Memorial Medical Center entered into an affiliation with Texas Health Resources.
Huguley Home Health Agency, which will operate as Methodist HomeCare, provides care to patients in Johnson and Tarrant counties. The home health agency will continue to care for patients discharged from Huguley Memorial Medical Center, as well as those treated at other regional hospitals, physician offices and care facilities.
About LHC Group Inc.
LHC Group Inc. is a national provider of post-acute care, providing quality, cost-effective health care to patients within the comfort and privacy of their home or place of residence. LHC Group provides a comprehensive array of post-acute healthcare services through home health, hospice and private duty locations in its home-based division and long-term acute care hospitals in its facility-based division.
About Huguley Memorial Medical Center
This year, Huguley Memorial Medical Center celebrates its 35th anniversary and its recent affiliation with Texas Health Resources. Now operated as a joint venture between Texas Health Resources and Adventist Health System, Huguley believes that total health is achieved through a balance of physical, mental, social and spiritual well-being. Huguley includes a 213-bed acute care hospital, two intensive care units, bone and joint center, open heart surgery center, behavioral health center, women's services, emergency department and a fitness center. More than 350 primary care and specialty physicians on the medical staff provide a wide range of inpatient and outpatient services. For more information, call 817-293-9110, visit www.huguley.org or find Huguley on Facebook.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company's future financial performance and the strength of the Company's operations. Such forward-looking statements may be identified by words such as "continue," "expect," and similar expressions. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes in reimbursement, changes in government regulations, changes in LHC Group's relationships with referral sources, increased competition for LHC Group's services, increased competition for joint venture and acquisition candidates, changes in the interpretation of government regulations, and other risks set forth in Item 1A. Risk Factors in LHC Group's Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission. LHC Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Source: LHC Group 2012 GlobeNewswire, Inc.