LHC Group to purchase Heart of Hospice

LHC Group, Inc. today announced it has signed a definitive agreement to purchase Heart of Hospice from EPI Group, LLC – a family-owned holding company based in Charleston, South Carolina — expanding the company’s hospice footprint in five states. The acquisition includes 16 hospice agencies in Arkansas, Louisiana, Mississippi, Oklahoma, and South Carolina. The providers will continue to operate under the Heart of Hospice name.

The acquisition is expected to close during the third quarter of 2021, subject to customary closing conditions. LHC Group expects annualized revenue from this purchase of approximately $92.5 million and that it will not materially affect its 2021 diluted earnings per share.

LHC Group, Inc. is a national provider of in-home healthcare services and innovations for communities around the nation, offering quality, value-based healthcare to patients primarily within the comfort and privacy of their home or place of residence. The company’s 30,000 employees deliver home health, hospice, home and community based services, and facility-based care in 35 states and the District of Columbia – reaching 60 percent of the U.S. population aged 65 and older. As the preferred joint venture partner for almost 400 leading U.S. hospitals and health systems, LHC Group works in cooperation with providers to customize each partnership and reach more patients and families with an effective and efficient model of care. PR Newswire