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Wednesday, May 2, 2018

LHC Group reports Q1 adjusted EPS 63c, consensus 61c

Reports Q1 revenue $291.1M, consensus $295.16M. Adjusted results for the first quarter of 2018 exclude merger and other costs of $6.3 million after tax, or $0.35 per diluted share. Total organic growth in home health admissions was 6.7%. Total organic revenue growth in home health was 9.0%. Total organic growth in hospice admissions was 4.6%. Keith G. Myers, LHC Group’s chairman and CEO, said: “Our acquisition and joint venture pipeline remains robust. Based on the early success with the Almost Family integration and the ability to seamlessly integrate other acquisitions, we remain laser-focused on M&A as a key component of our overall growth strategy. The value proposition enhanced by a full spectrum of post-acute care is an important differentiator we can offer prospective partners. We also expect to generate additional organic growth and expanded capabilities through co-locating our service lines in markets we serve and capitalizing on the relatively untapped potential of our healthcare innovations segment.”

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