Ben Fenton was recently quoted in Jim Parker’s Hospice News article “LHC Group Buys Hospice, Home Health Assets in 22 States from HCA-Brookdale Venture.” The article outlines the continued expansion of LHC Group’s market presence through its most recent acquisition, which includes 11 hospice, 23 home health, and 13 therapy locations that are expected to generate nearly $146 million annually.
Ben shares insight into why the transaction took place, noting that “HCA is selling this asset because it is located in geographical areas that HCA does not serve,” and that “…HCA purchased this asset mainly as an asset to improve, ultimately with the goal of selling for a profit.”
Read the full article below.
LHC Group Buys Hospice, Home Health Assets in 22 States from HCA-Brookdale Venture