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LHC Group (NASDAQ: LHCG) has reached an agreement with Texas Health Resources and Methodist Health System to acquire Regent Home Health, which will be renamed DFW Home Health and relocated to McKinney, Texas. This joint venture aims to enhance home health services in the Dallas-Fort Worth area. The agreement is expected to finalize on June 1, 2021, pending closing conditions. DFW Home Health will operate as a separate entity and is part of the partners' commitment to provide quality in-home healthcare, essential during the ongoing COVID-19 pandemic.
LHC Group (NASDAQ: LHCG) has been recognized in the "Q1 Comparably Awards" for its company outlook, culture, and teamwork. The Louisiana-based in-home healthcare provider received accolades for "Best Outlook," "Best Operations Team," and "Best Sales Team" for large companies. In 2020, it earned high rankings for "Best Company Culture" and "Best Companies for Women." The awards are based on anonymous employee surveys assessing confidence in the company's future and departmental effectiveness. The results highlight LHC Group’s emphasis on employee engagement and positive workplace culture.
LHC Group, Inc. (NASDAQ: LHCG) has announced the dates for its upcoming first quarter 2021 earnings release and conference call. The earnings release is scheduled for after market close on May 5, 2021, with the conference call taking place on May 6, 2021, at 9:00 a.m. ET. Interested parties can participate by calling (877) 870-4263. A live webcast will also be available on their website, and a replay will be accessible for one year post-broadcast. LHC Group provides in-home healthcare services to a broad demographic, reaching 60% of the U.S. population aged 65 and older.
LHC Group (NASDAQ: LHCG) is investing $20 million over the next decade in the College of Nursing and Allied Health Professions at the University of Louisiana at Lafayette. This strategic partnership aims to enhance employee education, improve recruitment, and retention of healthcare professionals amid a national nursing shortage. Benefits include reduced-cost degree programs and enhanced faculty and scholarship opportunities. The investment will also support capital improvements and simulation labs, reflecting LHC Group's commitment to addressing the healthcare workforce's evolving needs.
LHC Group, Inc. (NASDAQ: LHCG) will present at the Oppenheimer 31st Annual Healthcare Conference on March 17, 2021, starting at 10:40 a.m. Eastern time. Interested listeners can access a live webcast through the Company’s Investor Relations section on their website, starting 15 minutes before the event. Replays will be available for 30 days following the presentation. LHC Group is a leading provider of in-home healthcare services, serving over 60% of the U.S. population aged 65 and older.
LHC Group will present at the Barclays Global Healthcare Conference 2021 on March 10, 2021, at 1:50 p.m. Eastern time. The event will be accessible via a live webcast on the company's Investor Relations page. Replays will be available for 30 days. LHC Group is a leading provider of in-home healthcare services, operating in 35 states and the District of Columbia, serving 60% of the U.S. population aged 65 and older.
LHC Group and Orlando Health announced an expansion of their joint venture into the St. Petersburg, Florida market. The addition of Bayfront Home Health Services aligns with Orlando Health's Bayfront Health St. Petersburg hospital. Established in 2020, this joint venture aims to enhance patient-centered care through integrated home health services. LHC Group, recognized for its patient care quality, operates across 35 states, serving 60% of the U.S. population aged 65 and older.
LHC Group, Inc. reported robust financial results for Q4 and FY 2020, with net service revenue reaching $532.3 million for Q4 and $2.063 billion for the full year. Net income for common stockholders surged by 39.3% to $30.4 million, resulting in $0.97 per diluted share. Adjusted EBITDA rose 28.3% to $68.4 million. The company anticipates FY 2021 revenue between $2.2 billion to $2.26 billion and adjusted EPS between $5.65 to $5.90. Despite COVID-19 related expenses impacting operations, LHC Group remains strategically positioned for future growth.
LHC Group (NASDAQ: LHCG) announced corporate governance changes effective June 10, 2021, during its annual shareholder meeting. Key changes include a mandatory retirement age of 75 for board members and the appointment of new committee chairs. Notably, W.J. 'Billy' Tauzin will retire from the board after 16 years of service. Clifford S. Holtz will become lead independent director, and various committee chairs have been reshuffled. These changes aim to enhance corporate governance and maintain LHC Group's leadership in home healthcare.
LHC Group, Inc. (NASDAQ: LHCG) will release its fourth quarter and full year 2020 financial results after the market closes on February 25, 2021. The company will host a conference call on February 26, 2021, at 9:00 a.m. Eastern Time, which can be accessed via toll-free number or webcast. The company provides in-home healthcare services, reaching 60% of the U.S. population aged 65 and older, through partnerships with nearly 400 hospitals nationwide.
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