News - Local
LHC Group Completes Acquisition of Salem Hospital Home Care
Posted: Apr 5, 2010 7:38 AM by Katie Durio
Updated: Apr 5, 2010 7:38 AM
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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