LHC to acquire New Orleans hospice company

Lafayette-based home nursing giant LHC Group Inc. said Monday it will has signed a deal to acquire a New Orleans hospice company and has bought home health companies in Tompkinsville, Ky., and Valley, Ala.

Neither the names of the firms nor the acquisition prices were disclosed.

However, LHC said the three providers’ annual revenue was around $1.5 million. The Kentucky and Alabama deals closed on Feb. 1 and the New Orleans acquisition is expected to close on March 1.

LHC will operate the hospice under the name Louisiana Hospice and Palliative Care of New Orleans. The hospice service area covers Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist, and St. Tammany parishes.

“We intend to grow this provider caring for more patients and therefore hiring more employees,” said Eric Elliott, senior vice president of budgeting and investor relations for LHC.

One week ago, LHC announced it would pay $60 million for Deaconess HomeCare and Elk Valley Health Services, a deal that added 33 locations in five states to LHC’s footprint. That deal gave LHC 342 locations across 27 states.