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Home Health & Hospice Week

Industry Note:

LHC Rejects Plan For Sale After Strategic Review

Published on Thu Jun 14, 2012

It appears LHC Group Inc. won't go on the auction block after all. Earlier this year, the Lafayette, La.-based chain announced that is was reviewing "strategic alternatives" -- i.e., considering options including a sale.Now LHC says it will "continue to execute our operating plan to maximize value for our shareholders and customers." For example, it plans to continue its stock repurchasing program, LHC says in a release..Sources told Reuters in March that private equity firm TPG Capital was considering making an offer for LHC, according to the news service.
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