LHC Group to buy Georgia-based Hutcheson Home Health for undisclosed terms

By AP
Monday, February 8, 2010

LHC buying Ga.-based home health service provider

LAFAYETTE, La. — Home health service provider LHC Group Inc. said Monday it has agreed to buy Georgia-based Hutcheson Home Health for an undisclosed amount.

The deal to buy all of Hutcheson’s assets is expected to be completed March 1.

Hutcheson is based in Fort Oglethorpe, Ga. Its service area includes six counties in Georgia.

Lafayette, La.-based LHC is not immediately disclosing the purchase amount, said Eric Elliott, LHC’s vice president of investor relations.

LHC also said it has entered into a home health joint venture with Hardin Medical Center, a 58-bed health care facility in Savannah, Tenn. The deal was completed Feb. 1.

Hardin’s primary service area includes six Tennessee counties.

Shares of LHC fell 25 cents to $29.55.

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