LHC Group Acquires Grace Hospice & East Valley Hospice

Buyer: LHC Group
Seller: Grace Hospice & East Valley Hospice
Date / Year: November 30, 9200
Sector: Hospice, Palliative Care, Home Care

LHC Group Inc. (Nasdaq: LHCG) has finalized acquisition agreements in Arizona and Oklahoma.  By doing so, the Lafayette, Louisiana-based home health, hospice and personal care services giant expands its scope of services in the Phoenix area while entering the Oklahoma hospice market for the first time.  Specifically, LHC Group has finalized its acquisition Grace Hospice in Tulsa, Oklahoma, a move expected to add annualized revenue of about $12.1 million moving forward. The purchase agreement was first announced in November.  Meanwhile, in Mesa, Arizona, LHC Group has completed its purchase of East Valley Hospice and East Valley Palliative Care. The Arizona deal, expected to add annualized revenue of about $4.8 million, was likewise first announced in November.  Overall, LHC Group’s existing hospice footprint spans more than 110 locations around the U.S. Broadly, its M&A strategy is largely focused on tri-locating home health, hospice and personal care services in key markets.

The healthcare and life sciences M&A markets were active in 2020 and transaction activity is robust and growing in 2021, even amid the COVID-19 pandemic.   There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies.  Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.

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