UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 1, 2010
LHC Group
(Exact name of registrant as specified in its charter)
Delaware |
8082 |
71-0918189 |
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(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
420 West Pinhook Rd., Suite A, Lafayette, LA |
70503 |
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(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (337) 233-1307
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On November 1, 2010, LHC Group, Inc. (the "Company"), a national provider of home health and hospice services, announced today that announced today that it has entered into a home health joint venture with Rockcastle Regional Hospital and Respiratory Care Center, located in Mount Vernon, Kentucky to provide home health services in Rockcastle County in the Certificate of Need (CON) state of Kentucky.
LHC Group also announced today that it has acquired 100% of the assets of Livingston Hospital and Healthcare Services Home Health located in Salem, Kentucky, and serving Crittenden and Livingston counties. This agency will operate under the name of Lifeline HomeCare of Salem.
In addition, LHC Group acquired 100% of the assets of North Idaho Home Health located in Coeur D'Alene, Idaho. The acquired agency's primary service area includes three counties in Idaho. This agency will continue to operate under the name of North Idaho Home Health.
The primary service area of these acquisitions covers six counties in Kentucky and Idaho, with an estimated population of approximately 253,000 and almost 15% over the age of 65. Combined annual net revenues for the agencies in 2009 were approximately $2.6 million. These acquisitions are not expected to add materially to LHC Group's earnings per share in 2010.
Certain matters discussed in this Current Report on Form 8-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the impact of the acquisition on LHC Group's earnings. 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 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, 2009, 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.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
EXHIBIT NO.
DESCRIPTION
99.1
Press Release dated November 1, 2010
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LHC Group
(Registrant) |
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November 1, 2010
(Date) |
/s/ PETER J. ROMAN
Peter J. Roman Executive Vice President and Chief Financial Officer |
INDEX TO EXHIBITS
EXHIBIT NO. | DESCRIPTION | |
99.1 | Press Release dated November 1, 2010 |