LHC Group and Ochsner Health System Complete Home Health Joint VentureMonday February 2, 10:29 am ET
LAFAYETTE, La.--(BUSINESS WIRE)--LHC Group, Inc. (NASDAQ: LHCG - News), one of the largest providers of home nursing services in the United States, today announced the completion of its previously announced home health joint venture with New Orleans-based Ochsner Health System, allowing both organizations to better serve 1.6 million residents in southeast Louisiana.
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The joint venture includes an LHC Group purchase of 75% of two home health agencies, currently owned by Ochsner, in Kenner and Raceland, Louisiana, and an Ochsner purchase of 25% of three home health agencies, currently owned by LHC Group, in Houma, Lutcher and Hammond, Louisiana.
“Ochsner and LHC Group support this partnership because it’s the best move for home health patients in southeast Louisiana. This decision increases Ochsner Home Health locations and patient accessibility to additional home health services provided by LHC Group,” said Warner Thomas, President and Chief Operating Officer of Ochsner Health System. “LHC Group’s proven leadership in the home health industry is an assurance to our patients.”
Keith G. Myers, Chief Executive Officer of LHC Group, said, “We are very proud to partner with an organization such as Ochsner that has a national reputation for quality patient care and employee satisfaction. Together our two organizations will provide the residents of southeast Louisiana with the highest quality of home care. We believe this partnership between two of Louisiana’s most successful healthcare organizations will provide great benefits to the state of Louisiana, and we look forward to working with Ochsner during the coming months and years to make this partnership a success.”
About LHC Group, Inc.
Headquartered in Lafayette, Louisiana, LHC Group (
www.lhcgroup.com) operates 211 home nursing locations in 17 states. Through the Company’s 46 home health partnerships with non-profit hospitals, LHC Group has developed a proven track record of working with hospital partners to provide the highest quality of patient care in the communities that it serves while continually receiving the highest marks in employee satisfaction. LHC Group is led by a distinguished Board of Directors that includes former Louisiana Senator John Breaux and Congressman Billy J. Tauzin. In 2008, LHC Group was ranked #8 on the Forbes 2008 list of “America’s 200 Best Small Companies” and was recently added to the S&P SmallCap 600. LHC Group has more than 5,000 employees throughout the United States.