Industry News • December 10, 2018
LAFAYETTE, La., Dec. 10, 2018 (GLOBE NEWSWIRE) — LHC Group (NASDAQ: LHCG) and LifePoint Health® today announced the continued expansion of their partnership. The companies have finalized two transactions to purchase and share ownership of home health service providers in Hickory, N.C., and Danville, Va.
LHC Group and LifePoint formed a joint venture to share ownership of home health and hospice providers across LifePoint’s footprint in January 2017. In less than two years, the joint venture, which started with 20 home health and 10 hospice locations, has grown to include 33 home health, 14 hospice, and one home and community based services locations.
In Hickory, LHC Group and LifePoint are purchasing and sharing ownership of Guardian Health Services. LHC Group has majority ownership and will assume management responsibility of the agency, which will continue to provide service from its current location under a new name: Guardian Home Health. Guardian Home Health will be affiliated with Frye Regional Medical Center, which is part of Duke LifePoint Healthcare.
In Danville, LHC Group and LifePoint Health are purchasing and sharing ownership of Commonwealth Home Health Care. LHC Group has majority ownership and will assume management responsibility of the agency, which will continue to operate at its current location under the same name. Commonwealth Home Health Care will be affiliated with Sovah Health – Danville, a LifePoint Health facility.
“We look forward to continuing our work with our partners at LifePoint – expanding their post-acute presence and capabilities as they serve communities across America,” said Keith Myers, LHC Group chairman and CEO. “Together, we will grow these existing service lines, offer new services, and enhance our partners’ ability to provide high quality care to the patients and families they serve.”
By growing its relationships with LifePoint and other healthcare partners around the nation, LHC Group enhances its ability to provide post-acute care solutions. Hospitals and health systems increasingly seek a high-quality post-acute partner to help manage the transitioning of patients – making sure that they move through the post-acute care continuum as effectively and efficiently as possible.
“As the way people utilize healthcare services shifts, access to high-quality home health services has never been more essential,” said David Dill, CEO of LifePoint Health. “We are delighted to continue growing our joint venture with LHC Group to achieve a shared mission of making communities healthier, and look forward to working further with their team to expand the services we can provide across the nation.”
LHC Group is a leading national provider of in-home healthcare services and the joint venture partner of choice for 330 hospitals across the United States.
Hospital and home health partnerships are a key component in helping patients manage their conditions and achieve an optimum outcome. Home health professionals treat a wide range of medical conditions, allowing patients to rest and recover in the comfort of home.
Working together, LHC Group and its partners deliver a level of in-home healthcare service that is recognized industry-wide for consistent quality. They provide effective and affordable care options that offer the guidance, support, and resources patients and families need to make an informed decision for themselves or a loved one – helping them regain strength and independence and attain the quality of life they deserve.
This article originally appeared in an article in GlobeNewswire.