LHC Group Inc. plans to purchase Life Care Home Health Inc.’s 14 home health agencies for $10 million in cash from long-term care company Life Care Centers of America Inc. Life Care Home Health, based in Cleveland, Tenn., has locations in seven states. The transaction will increase LHC’s footprint to 352 locations across 30 states, the Lafayette, La.-based chain says in a release.
Life Care Home Health’s operations across 48 counties in Arizona, Colorado, Massachusetts, Rhode Island, Tennessee, Utah and Washington generate annual revenues of $28.5 million, LHC says.