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Apr 5, 2010 8:38 AM by Katie Durio

LHC Group Completes Acquisition of Salem Hospital Home Care

 

One of the largest providers of home health services in

the United States, announced that on April 1, 2010, it completed its

previously announced acquisition of 100% of the assets of Salem

Hospital Home Care located in Salem, Oregon.

The primary service area of this acquisition spans six counties in

Oregon. The estimated population of the service area is 1 million, with

almost 12% over the age of 65. Net revenue for the Salem, Oregon agency

during the most recent 12 months was approximately $5.5 million. This

acquisition is not expected to add materially to LHC Group's earnings

in 2010.

"Salem Health conducted extensive reviews of the quality of care and

customer service provided by potential buyers of our home care

service," said Cheryl Nester Wolfe, chief nursing officer and a senior

vice president of operations for Salem Health. "LHC Group has provided

high-quality care for its patients in other areas of the country, which

was a primary consideration in making this agreement."

Keith G. Myers, chief executive officer of LHC Group, said, "It is with

great pleasure that I welcome the employees from Salem Hospital Home

Care into our growing LHC Group family. We are proud to be part of

Salem, Oregon, and the surrounding communities. As always, our

commitment is to help people in these communities by providing the

highest quality home health services available to the patients and

families in these areas."

 

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