LHC Group Completes Acquisition Of Georgia Hospice Company

LAFAYETTE, LA (AP) — LHC Group Inc., a Louisiana-based home health and hospice company, will acquire Georgia-based Halcyon Hospice LLC and its 16 facilities for $58.5 million in cash.

         Halcyon is one of the largest independent hospice companies in the Southeast. The Advocate reports the company employs around 400 people and has facilities in Georgia, Mississippi and South Carolina.

         Halcyon's annual revenue is roughly $41 million. The deal will increase LHC's hospice segment to 53 locations in 12 states and more than $110 million in annual revenue.

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         The Halcyon acquisition costs are expected to lower LHC's fourth-quarter earnings by around 6 cents per share. But the new properties will add an estimated 15 cents to 20 cents per share in 2016.

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