LHC Group announces finalization of purchase agreement and joint venture partnership in New Jersey

Industry News   •   June 3, 2019

LAFAYETTE, La., June 03, 2019 (GLOBE NEWSWIRE) — LHC Group, Inc. (NASDAQ: LHCG) and AtlantiCare – A Member of Geisinger have finalized a previously announced joint venture (JV) agreement and purchase that includes home health and hospice services at AtlantiCare in Atlantic County, New Jersey – expanding LHC Group’s footprint within the state.

In April, LHC Group and Geisinger finalized their previously announced JV partnership for home health and hospice services at Geisinger locations in Pennsylvania. These agencies, which serve their local communities in the states of Pennsylvania and New Jersey, represent annualized revenue of approximately $35 million.

The home health and hospice service of Geisinger and AtlantiCare deliver patient-centered care for those needing 24/7 access to healthcare in the comfort of their home and for patients in need of end-of-life care.

This acquisition further supports LHC Group’s ongoing strategy to work with its JV partners to expand their service capacity and capability in key markets. Healthcare JV partnerships are a key component in helping patients manage their conditions and receive efficient and effective care.

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 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.

LHC Group is a leading national provider of in-home healthcare services and the joint venture partner of choice for 350 hospitals across the United States.

This article originally appeared in an article in Globenewsire.