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LHC Group Partnership Acquires Texas Home Health Agency GlobeNewswire 2012-07-05
LAFAYETTE, La., July 5, 2012 (GLOBE NEWSWIRE) -- LHC Group Inc.
(Nasdaq:LHCG), in partnership with Texas Health Resources and Methodist
Health System, has acquired 100 percent of the assets of Huguley Home
Health Agency from Huguley Memorial Medical Center in Burleson, Texas.
LHC Group recently entered into a home health joint venture with Texas
Health Resources and Methodist Health System in an innovative model
that will significantly expand the post-acute care company's operations
in the Lone Star state. Earlier this year, Huguley Memorial Medical
Center entered into an affiliation with Texas Health Resources.
Huguley Home Health Agency, which will operate as Methodist HomeCare,
provides care to patients in Johnson and Tarrant counties. The home
health agency will continue to care for patients discharged from
Huguley Memorial Medical Center, as well as those treated at other
regional hospitals, physician offices and care facilities.
About LHC Group Inc.
LHC Group Inc. is a national provider of post-acute care, providing
quality, cost-effective health care to patients within the comfort and
privacy of their home or place of residence. LHC Group provides a
comprehensive array of post-acute healthcare services through home
health, hospice and private duty locations in its home-based division
and long-term acute care hospitals in its facility-based division.
About Huguley Memorial Medical Center
This year, Huguley Memorial Medical Center celebrates its 35th
anniversary and its recent affiliation with Texas Health Resources. Now
operated as a joint venture between Texas Health Resources and
Adventist Health System, Huguley believes that total health is achieved
through a balance of physical, mental, social and spiritual well-being.
Huguley includes a 213-bed acute care hospital, two intensive care
units, bone and joint center, open heart surgery center, behavioral
health center, women's services, emergency department and a fitness
center. More than 350 primary care and specialty physicians on the
medical staff provide a wide range of inpatient and outpatient
services. For more information, call 817-293-9110, visit
www.huguley.org or find Huguley on Facebook.
Certain matters discussed in this press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, such as statements about the Company's
future financial performance and the strength of the Company's
operations. Such forward-looking statements may be identified by words
such as "continue," "expect," and similar expressions. 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 LHC Group's 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, 2011, 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.
CONTACT: Eric Elliott
Investor Relations
(337) 233-1307
eric.elliott@lhcgroup.com
Amy Stevens
Media Relations
(337) 233-1307
amy.stevens@lhcgroup.com
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