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LAFAYETTE, La., April 03, 2017 -- LHC Group, Inc. (NASDAQ:LHCG) announced today that it had entered into a home health and hospice joint venture with Pleasant Valley Hospital in Point Pleasant, West Virginia. Pleasant Valley Hospital is a 101-bed not-for-profit hospital that, in partnership with Cabell Huntington Hospital and Marshall University Joan C. Edwards School of Medicine, provides quality healthcare through a wide range of medical services and specialties to residents of Mason and Jackson counties in West Virginia and Gallia and Meigs counties in Ohio. Among these services, Pleasant Valley Hospital offers comprehensive home health and hospice services within its service areas through Pleasant Valley Home Health and Hospice in two locations, Point Pleasant, West Virginia, and Pomeroy, Ohio.
“This joint venture is an excellent move for our community, Pleasant Valley Hospital, and the Pleasant Valley Home Health and Hospice staff,” said Glen Washington, FACHE, CEO of Pleasant Valley Hospital. “Pleasant Valley Home Health and Hospice has provided outstanding medical care to people in the community since 1978, and we are excited to find a partner to help us continue this level of commitment to the people we care so much about.”
“We are pleased to join forces with one of the region’s leading healthcare providers to deliver the highest quality patient care,” said Keith G. Myers, LHC Group’s chairman and CEO. “LHC Group has a proven history of successful hospital partnerships, helping patients recover in the comfort of home and preventing costly and avoidable hospital readmissions. We look forward to serving patients and families in cooperation with our new partners at Pleasant Valley Hospital.”
About LHC Group, Inc.
LHC Group, Inc. is a national provider of non-acute healthcare services, providing quality, cost-effective healthcare to patients primarily within the comfort and privacy of their home or place of residence. LHC Group provides a comprehensive array of healthcare services through home health, hospice, community-based services agencies and facility-based services. LHC Group operates 298 home health services locations, 72 hospice locations, 16 community-based service locations and six long-term acute care hospitals (LTACHs) with eight locations.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company’s future financial performance and the strength of the Company’s operations. Such forward-looking statements may be identified by words such as “continue,” “expect,” and similar expressions. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes in reimbursement, changes in government regulations, changes in LHC Group’s relationships with referral sources, increased competition for LHC Group’s services, increased competition for joint venture and acquisition candidates, changes in the interpretation of government regulations and other risks set forth in Item 1A. Risk Factors in LHC Group’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission. LHC Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Eric Elliott Senior Vice President of Finance (337) 233-1307 [email protected]
