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Thursday, January 31, 2019

LHC Group, UNity Health announce joint venture in Arkansas

LHC Group and Unity Health announced finalization of an equity partnership agreement to purchase and share ownership of two home health providers in Arkansas: Unity Health – White County Medical Center Home Health in Searcy and Unity Health – Harris Medical Center Home Health in Newport. The agencies serve patients and families in their respective communities and the Northeast Arkansas region with in-home healthcare. With the closing of the joint venture agreement, LHC Group will oversee the day-to-day operations of both agencies which will continue service from their current locations under a new name: Unity Health HomeCare. LHC Group expects annualized revenue from this joint venture of approximately $4M and that it will not materially affect its 2019 diluted earnings per share.
https://thefly.com/landingPageNews.php?id=2857259

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