LHCG - LHCG STOCK NEWS

LHC Group (NASDAQ: LHCG), based in Lafayette, Louisiana, has been recognized in the "4th Annual Comparably Awards". The company ranked No. 7 for "Best Companies for Women" and No. 27 for "Best Culture" among large companies. These awards reflect the company's commitment to a supportive workplace culture, rated by employees via anonymous surveys conducted from Dec. 1, 2019, to Dec. 1, 2020. With over 32,000 employees and more than 770 locations across 35 states, LHC Group provides in-home healthcare services, demonstrating industry-wide effectiveness and quality care.

LHC Group, Inc. (NASDAQ: LHCG) has finalized acquisition agreements in Arizona and Oklahoma, expanding its hospice services. This includes the purchase of Grace Hospice in Tulsa, Oklahoma, projected to generate $12.1 million in annual revenue, and the acquisition of East Valley Hospice and East Valley Palliative Care in Mesa, Arizona, expected to contribute $4.8 million annually. These additions enhance LHC Group's existing hospice footprint of over 110 locations nationwide, reinforcing their commitment to providing in-home hospice care.

LHC Group (NASDAQ: LHCG) will present at the Jefferies London Healthcare Conference on November 17, 2020, at 9:40 a.m. ET, and at the Stephens Annual Investment Conference on November 19, 2020, at 10:00 a.m. ET. Both events will be accessible via live webcasts. Investors can find the webcasts and presentation materials on the Investor Relations section of LHC Group's website, with replays available for 30 days post-event. LHC Group is a national provider of in-home healthcare services, focusing on quality care for patients across the U.S.

LHC Group (NASDAQ: LHCG) announced its acquisition of Grace Hospice in Tulsa, Oklahoma, expanding its hospice services with over 110 locations nationwide. The acquisition is expected to close on December 1, generating approximately $12.1 million in annualized revenue, without materially impacting 2020 diluted earnings per share. This marks LHC Group's entry into Oklahoma, aiming for future home health services in the area. The company is recognized for high-quality hospice care, enhancing its reputation and service capabilities.

LHC Group (NASDAQ: LHCG) announced its agreement to acquire East Valley Hospice and East Valley Palliative Care in Mesa, Arizona, expected to close on January 1, 2021. This acquisition is projected to generate annualized revenue of approximately $4.8 million without materially impacting its 2020 diluted earnings per share. The move aligns with LHC Group's strategy to expand its services in the Phoenix market, further enhancing its capabilities in providing in-home healthcare. The company operates over 110 hospice locations nationwide.

LHC Group is set to present at the 29th Annual Credit Suisse Virtual Healthcare Conference on November 9, 2020, at 11:45 AM Eastern Time. The event will feature a virtual fireside chat, accessible via a live webcast. Interested viewers should visit the Investor Relations section of the Company’s website, www.LHCgroup.com, for materials and replay options, available for 30 days post-event.

LHC Group (NASDAQ: LHCG) reported a 0.4% increase in net service revenue to $530.7 million for Q3 2020, but net income fell to $14.5 million or $0.46 per diluted share due to COVID-19 impacts and the reversal of stimulus income. Adjusted net income rose 29.8% to $51.3 million or $1.63 per diluted share. The company plans to return $93.3 million received from the Provider Relief Fund. Full-year guidance updated to $2.06 billion - $2.07 billion in revenue and $4.90 - $5.00 adjusted EPS, reflecting improved performance amidst ongoing pandemic challenges.

LHC Group, Inc. (NASDAQ: LHCG) appointed Dale G. Mackel as the new chief financial officer, succeeding president Joshua Proffitt. Mackel, previously with BlueCross BlueShield of Nebraska, brings extensive managed care and finance experience. His expertise will help accelerate LHC's initiatives in payment innovation and value-based care. The company, serving over 60% of the U.S. population aged 65 and older, aims to enhance its partnerships with managed care payors while focusing on growth and operational excellence.

LHC Group (NASDAQ: LHCG) and CHRISTUS Health announced an expansion of their joint venture with a new hospice provider in San Marcos, Texas, expected to finalize by Nov. 1. This partnership, active since 2017, will enhance access to home health and hospice services across 22 locations in three states. The collaboration aims to leverage both organizations' expertise to deliver quality care, especially during the COVID-19 pandemic. LHC Group is recognized as a leading provider of in-home healthcare, serving a significant portion of the U.S. population aged 65 and older.