LHCG - LHCG STOCK NEWS

LHC Group, Inc. (LHCG) announced its preliminary third-quarter results impacted by COVID-19 and Hurricane Ida, losing 120 operating days. The average daily home health census dropped 1.5%, and revenue fell by approximately $15.0 million due to these factors. The company expects net service revenue of about $565.5 million and adjusted earnings per share of $1.45. Guidance for full-year 2021 was lowered to $2.200-$2.205 billion in revenue and $5.75-$5.85 in adjusted earnings per share, reflecting pandemic-related uncertainties.

LHC Group, Inc. (NASDAQ: LHCG) has completed the acquisition of Generations Home Health and Freda H. Gordon Hospice and Palliative Care in Virginia Beach, effective October 1, 2021. This strategic move is aimed at enhancing the company's service offerings in Virginia, with expected annualized revenue of approximately $7 million. The agencies will retain their names and integrate into LHC's co-location strategy to provide diverse in-home healthcare services. Notably, this acquisition is not anticipated to significantly impact LHC's diluted earnings per share for 2021.

LHC Group, Inc. (NASDAQ: LHCG) has announced the acquisition of Generations Home Health and Freda H. Gordon Hospice and Palliative Care in Virginia Beach, Virginia. These acquisitions are expected to close on October 1, 2021, and will generate approximately $7 million in annualized revenue. LHC Group emphasizes the alignment with its co-location strategy, enhancing its service offerings in the region while retaining the local brands. The company also expanded its joint venture with Baptist Memorial Health Care in Arkansas, adding Elite Home Health in Jonesboro.

LHC Group, Inc. (NASDAQ: LHCG) announced plans to acquire Brookdale Health Care Services agencies, expanding its footprint across 22 states. This deal includes 23 home health locations, 11 hospice, and 13 therapy agencies, expected to generate approximately $146 million in annual revenue. The acquisition, anticipated to close in Q4 2021, will not significantly impact 2021 earnings per share. LHC Group now projects its total acquired annual revenue for 2021 to reach $500 million, up from a previous estimate of $350 million.

LHC Group (NASDAQ: LHCG) has finalized the acquisition of Heart of Hospice, expanding its hospice services across five states: Arkansas, Louisiana, Mississippi, Oklahoma, and South Carolina. This deal adds 16 new locations to LHC Group's existing 144 hospice locations, with expected annualized revenue of approximately $92.5 million. Heart of Hospice will continue to operate under its name, with its CEO Carla Davis leading the new division. The acquisition aligns with LHC Group's strategy of enhancing in-home healthcare services while maintaining a commitment to quality care.

LHC Group, a leading provider of in-home healthcare services, will participate in a virtual fireside chat at the BofA Securities Best of SMID Cap Ideas for 2H 2021 Conference on August 10, 2021, at 12:10 p.m. Eastern time. Interested listeners can access the live webcast and presentation materials on the Company's Investor Relations website, starting 15 minutes prior to the event.

LHC Group reported strong financial results for Q2 2021, with net service revenue increasing 12.0% to $545.9 million. Net income attributable to common stockholders was $37.6 million, or $1.20 per diluted share. Adjusted net income rose 32.0% to $50.9 million, equating to $1.62 per diluted share. Organic growth in home health admissions surged 16.4%, with acquisitions expected to boost revenue significantly. Full-year guidance for revenue and adjusted EBITDA remains optimistic, with projections of $2.215 billion to $2.265 billion and $290 million to $300 million, respectively.

LHC Group (NASDAQ: LHCG) has finalized acquisition agreements for three healthcare providers in Virginia, Indiana, and Arkansas. These acquisitions include Cavalier Healthcare Services in Virginia, MSA Hospice in Indiana, and Ashley County Medical Center Home Health in Arkansas. The company anticipates generating approximately $8 million in annualized revenue from these transactions, which will not materially impact 2021 diluted earnings per share. This strategic expansion enhances LHC Group's service offerings and market presence in critical regions.

LHC Group (NASDAQ: LHCG) and SCP Health have announced a strategic partnership to enhance in-home healthcare services. This collaboration will deliver advanced clinical care, including skilled nursing and hospital-at-home programs. With a focus on value-based care, the partnership aims to improve patient outcomes and operational efficiencies for hospitals. The partnership draws on LHC Group's extensive experience and SCP Health's telehealth capabilities, positioning both companies to meet the growing demand for in-home care solutions nationwide.