Life Care Centers of America doubles-down on facility-based care, sells home health business for $10 million

Share this article:

Life Care Centers of America is shedding its related home health business in a $10 million sale to LHC Group Inc., the company announced.

Tennessee-based Life Care Centers will “pursue a primary strategic focus on our core facilities-based operations,” Forrest L. Preston, the company's chairman and chief executive officer, explained in a prepared statement. The provider is not commenting further on the deal at this time, a spokeswoman told McKnight's.

The move comes as Kindred Healthcare, another prominent long-term care player, has been persistently pursuing a hostile takeover of home health company Gentiva. Many observers believe other companies will pursue similar strategies to diversify their services, given an increasing focus on care coordination across the continuum.

Life Care Home Health Inc. includes 14 home health agencies in seven states. The acquisition will expand LHC Group to more than 350 locations in 30 states, the company announced Tuesday. LHC Group offers home health, hospice and post-acute services.

The deal is expected to close in September.


Share this article:

More in News

Antipsychotics reduction goal raised to 30% by end of 2016, CMS and provider groups announce

Antipsychotics reduction goal raised to 30% by end ...

Long-term care providers are being asked to reduce the use of antipsychotic medications among residents by 25% by the end of 2015, and 30% by the end of 2016. Providers ...

CDC issues new guidelines on pneumococcal vaccine, says LTC flu vaccination rates remain low

CDC issues new guidelines on pneumococcal vaccine, says ...

Long-term care workers continued to have low rates of flu vaccination last season, despite there being 92% vaccination coverage overall among physicians and nurses, the Centers for Disease Control and ...

AL operators accused of withholding $2M in unpaid overtime, minimum wages ...

Four California assisted living operators are facing eight felony charges related to wage theft, tax and insurance violations, according to local reports.