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A 2 minute read
Oct 22, 2020 9:39:24 AM
LHC Group (NASDAQ: LHCG) and CHRISTUS Health today announced an expansion of their joint venture (JV) partnership with an agreement to add a hospice provider in San Marcos, Texas.

It is anticipated that the agreement will be finalized Nov. 1, 2020, subject to customary closing conditions.

This is a great opportunity to bring compassionate, quality care to more patients and their loved ones.

LHC Group and CHRISTUS have been JV partners since 2017, sharing ownership and governance of home health and hospice agencies, community-based services, and long-term acute care facilities. The partnership combines the experience and expertise of both companies, creating new opportunities to develop and expand in-home and facility-based services in the communities they serve. The JV is governed by a board with equal representation from both companies.

Once the agreement is finalized, the LHC Group-CHRISTUS partnership will include 22 home health, hospice, palliative care, community-based, and long-term acute care locations across three states.

'We are proud to join our partners at CHRISTUS Health in expanding hospice services for San Marcos and the surrounding region,' said Keith G. Myers, LHC Group's chairman and CEO. 'This is a great opportunity to bring compassionate, quality care to more patients and their loved ones.'

'CHRISTUS Health is fortunate to have many wonderful partners like LHC Group which, like CHRISTUS, is committed to care of the highest quality,' said Paul Generale, CHRISTUS Health's Executive Vice President Chief Strategy and Network Officer. 'Our experience working with LHC in other communities has proven that they work hard to invest and grow services that are vital to the community, like homecare and hospice. The scope of LHC's experience in the post-acute space will allow us to take advantage of their proficiencies and will be a huge win for everyone we serve.'

Throughout the COVID-19 pandemic and public health emergency, LHC Group and CHRISTUS Health have repeatedly proven how a solid partnership can deliver industry-leading quality care in the most cost-effective setting. CHRISTUS has created safe care environments for anyone needing care and now more than ever before, is able to fully leveraging LHC Group's infrastructure and capabilities. Together the two health care organizations create a safe and compassionate healthcare delivery model – including communicating on capacity planning, following COVID-19 protocols, and LHC's ability to accept patients at the top of the home-health acuity capability.

LHC Group and its partners deliver a level of in-home healthcare service that is recognized industry-wide for consistent quality. Working together, they enhance home health services, facilitate better coordination of care delivery, and seamlessly transition patients from the hospital to the recovery setting.

Quality in-home healthcare helps patients regain strength and independence, attain the quality of life they deserve, offers valuable guidance and support, and provides the educational tools and resources patients and families need to make an informed decision on care for themselves or a loved one.

Based in Irving, Texas, CHRISTUS Health is an international Catholic, faith-based, not-for-profit health system. The organization operates more than 600 services and facilities, including more than 60 hospitals and long-term care facilities, more than 400 clinics and outpatient centers, and dozens of other health ministries and ventures.

LHC Group is a leading national provider of in-home healthcare services and the JV partner of choice for nearly 400 hospitals across the United States.


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