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| LHCG > SEC Filings for LHCG > Form 8-K on 3-Nov-2009 | All Recent SEC Filings |
3-Nov-2009
Other Events, Financial Statements and Exhibits
On November 3, 2009, LHC Group, Inc. (the "Company"), one of the largest providers of home health services in the United States, announced today that it has entered into a home health joint venture with Twin Lakes Regional Medical Center in Leitchfield, Kentucky.
The primary service area of this joint venture spans one county in Kentucky, a Certificate of Need (CON) state. The estimated population of the service area is 26,000, with almost 15% over the age of 65. Net revenue for the Leitchfield, Kentucky agency during the most recent 12 months was approximately $640,000. This joint venture has an effective date of November 1, 2009 and is not expected to add materially to LHC Group's earnings in 2009.
The Company also announced today that it has completed the transaction, previously announced on October 14, 2009, to acquire the assets of Feliciana Home Health, a leading provider of home nursing services to patients in Baton Rouge and the surrounding area. Net revenue for Feliciana Home Health during the most recent 12 months was approximately $12 million. This acquisition is not expected to add materially to LHC Group's earnings in 2009.
Certain matters discussed in this Current Report on Form 8-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the impact of the acquisition on LHC Group's earnings. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes in reimbursement, changes in government regulations, changes in relationships with referral sources, increased competition for LHC Group's services, increased competition for joint venture and acquisition candidates, changes in the interpretation of government regulations, and other risks set forth in Item 1A. Risk Factors in LHC Group's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission. LHC Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits
EXHIBIT NO. DESCRIPTION
99.1 Press Release dated November 3, 2009
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