LHC Group Inc., a post-acute health care services
provider, today closed its $15-million acquisition
of the Somerset, Ky.-based assets of Lifeline
Home Health Care, a privately held company.
This is LHC Group's largest acquisition and
involves about 2,400 patients and 350 Lifeline
employees. LHC Group now has 17 locations in
29 Kentucky counties with a population of over
750,000 people. Lifeline reported Kentucky-based
revenue of approximately $23 million in 2005.
"Now that the acquisition is complete,
we are focusing on integrating Lifeline's operations
with our own, while retaining the Lifeline corporate
culture and branding in its communities,"
said Keith Myers, LHC president and CEO. "The
addition of Lifeline to LHC Group will also
enable LHC Group to expand its footprint in
the commonwealth of Kentucky, which is a certificate-of-need
state." LHC Group provides services primarily
in rural markets in the southern United States.