Jul. 15, 2014, 7:50 AM
- LHC Group (NASDAQ:LHCG) signs a definitive asset purchase agreement with Life Care Home Health to purchase 14 home health agencies across seven states for $10M in cash. The transaction, which will increase LHC's geographical footprint to 352 locations across 30 states, is expected to close on September 1, 2014. It will not impact 2014 financial results but will be accretive in 2015.
Jun. 11, 2012, 9:48 AMLHC Group (LHCG -3.5%) decides to remain independent, ending a strategic review the home health and hospice services provider began last year. LHCG says it may repurchase up to $50M of its outstanding shares with cash on hand or borrowings under debt facilities. TPG Capital reportedly had considered making an offer for the company. | Comment!
Mar. 14, 2012, 9:42 AMP-E firm TPG Capital is considering making an offer for LHC Group (LHCG +3.8%), Reuters reports, as the provider of home health and hospice services reviews its strategic alternatives. LHCG has been hit by a series of setbacks, including reimbursement cuts, federal investigations into billing practices and new Medicare regulations. | Comment!
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