January 5, 2010 (FinancialWire) — LHC Group, Inc. (NASDAQ: LHCG), one of the largest providers of home health services in the United States, has acquired 100% of the assets of Access Hospice Care located in Branson, Missouri.

The service area of this acquisition spans 13 counties in southwest Missouri. The primary service area has an estimated total population of 782,000, with almost 15% over the age of 65. Net revenue for the Branson, Missouri, hospice agency during the most recent 12 months was approximately $1.0 million. This acquisition, which was effective January 1, 2010, is not expected to add materially to LHC Group’s earnings in 2010.

LHC Group also has entered into a home health joint venture with Preston Memorial Hospital in Kingwood, West Virginia.

The primary service area of this joint venture spans five counties in West Virginia, a certificate of Need  state. The estimated population of the service area is 154,000, with almost 13% over the age of 65. Net revenue for the Kingwood, West Virginia, home health agency during the most recent 12 months was approximately $640,000. This acquisition, which was effective January 1, 2010, is not expected to add materially to LHC Group’s earnings in 2010.

Preston Memorial Hospital is a state licensed, 25-bed critical access, acute care facility, located in Kingwood, West Virginia. Preston Memorial Hospital is a nonprofit community hospital that has been a leader in rural healthcare for over half a century.

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