LHC Group To Acquire Grace Hospice Of Oklahoma

LHC Group, Inc. announced that it has agreed to purchase Grace Hospice of Oklahoma, located in Tulsa, Oklahoma. The agreement is expected to close on December 1, subject to customary closing conditions. The company plans to eventually establish home health services in the Tulsa market, which is in alignment with its ongoing growth strategy of co-locating other in-home health care services in communities and markets where there they see a need and an established, sensible benchmarks.

LHC Group expects annualized revenue from this purchase of approximately $12.1 million and that it will not materially affect its 2020 . . .