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LHC Group (LHCG) Forays into Oklahoma With New Hospice Buyout

Nov 17, 2020 - Nasdaq
Mergers and Acquisitions

LHC Group, Inc. LHCG recently announced its decision to acquire Tulsa, OK-based Grace Hospice of Oklahoma. The buyout is going to be the latest addition to LHC Group’s already robust hospice footprint of above 110 locations across the United States.

Notably, the transaction agreement is anticipated to get completed by Dec 1, 2020, subject to customary closing conditions. The company projects annualized revenues of around $12.1 million from this acquisition, with the provider still contin...