For better home health and home and community based services, LHC Group (LHCG +0.2%) and not-for-profit healthcare network, Orlando Health have entered in a joint venture which will include six total locations from both the companies divided equally.
JV would be finalized on August 1 wherein LHC will purchase majority ownership and takeover management responsibility.
LHC Group estimates incremental annualized revenue of ~$3.5M from the JV, no impact on the adjusted EPS OF FY20.
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