Home Health & Hospice Week

Mergers & Acquisitions:

LHC, Almost Family Merge

Market consolidation on a large scale announced.

Two of the original "Big Four" publicly traded home care companies soon will become one, pending shareholder and regulatory approval.

Lafayette, Louisiana-based LHC Group Inc. and Louisville, Kentucky-based Almost Family Inc. "have agreed to combine in an all-stock merger of equals transaction," the companies say in a release. The combined company will have 781 locations in 36 states with more than 31,000 employees and revenue of $1.8 billion. The company will have 76 joint venture partners that represent 336 hospitals, LHC CEO Keith Myers said in an email message sent to employees Nov. 16 and shared with Eli.

When the transaction closes, LHC Group shareholders will own 58.5 percent and Almost Family shareholders will own 41.5 percent of the combined company, according to the release.

Leadership: Myers will become CEO of the combined company, which will retain LHC's name and will trade under LHC's stock ticker. Almost Family CEO William Yarmuth will become a "special advisor" and AF President Steve Guenthner will become chief strategy officer.

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