LHC Group to acquire hospice caregivers in Tucson market

LAFAYETTE, La., May 18, 2021 / PRNewswire / – LHC Group, Inc. (NASDAQ: LHCG) announced today that it has agreed to purchase two locations from Casa de la Luz vendors Tucson, Ariz. The agreement is expected to be finalized July 1, 2021subject to the usual closing conditions.

“This is an excellent opportunity to continue Casa’s legacy by providing improved and much-needed hospice services to patients and families in the area Tucson Region “said Keith Myers, Chairman and CEO of the LHC Group. “We look forward to providing compassion and comfort to patients and their families faced with difficult end-of-life care choices and the high quality care the LHC Group is known for.”

This acquisition expands the LHC Group’s range of services in the Tucson Market – In line with its co-location growth strategy to provide multiple home health services in specific markets.

The LHC Group expects annual sales of approx. $ 23 million and that it will not materially affect diluted earnings per share in 2021. The provider will continue to operate under the name Casa de la Luz.

The LHC Group operates more than 120 hospice locations across the country. End-of-life hospice care at home helps patients live comfortably and with dignity. Hospice professionals provide the emotional, spiritual, and medical support needed when patients are in the latter stages of life. Hospice care can be provided anywhere a patient calls home, including nursing homes and assisted living facilities.

About LHC Group, Inc.
LHC Group, Inc. is a national provider of home health services and innovation to communities across the country, delivering high quality, value-based health care to patients primarily in the comfort and privacy of their home or residence. The company’s 30,000 employees provide home health, hospice, home, community and facility care services in 35 states and the United States District of Columbia – Reaching 60 percent of the US population aged 65 and over. As the preferred joint venture partner for nearly 400 leading US hospitals and healthcare systems, the LHC Group works with providers to customize each partnership and reach more patients and families with an effective and efficient care model.

Forward-Looking Statements
Certain statements and information in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include statements about our goals, plans, and strategies, as well as any statements other than statements of historical fact that relate to activities, events or developments that we intend, expect, project or believe, will or may anticipate occur in the future. These statements are often identified by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” ” . Project, “positions,” “strategy” and similar expressions and are based on assumptions and assessments made by LHC Group’s management in the light of their experience and perception of historical trends, current conditions, expected future developments and other factors that they believe are decent All forward-looking statements in this press release are made as of the date of this press release, and the LHC Group assumes no obligation to update or revise any such statements as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance are subject to risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from the forward-looking statements are set out in the LHC Group’s most recent Annual Report on Form 10-K and in the Quarter s reports on Form 10-Q including the sections entitled “Risk Factors” and the LHC Group’s most recent reports on Form 8-K, filed with the Securities and Exchange Commission.

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SOURCE LHC Group, Inc.

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