Joint venture partners LHC Group, Inc. and Capital Region Medical Center (CRMC) have agreed to purchase two home health agencies and one hospice agency from SSM health. One health agency and the hospice agency are in Mexico, Missouri, and one health agency is located in Jefferson City, Missouri.
The purchase agreement is expected to be completed by June 1, 2019. The projected revenue of the joint venture, according to LHC, is approximately $5 million. The three purchased providers will change their names and operate as Central Missouri Home Health and Central Missouri Hospice. The goal of the venture is to expand the footprint of LHC and CRMC as well as provide an enhanced level of in-home care to patients and families across the Central Missouri region.
Together, CRMC and LHC help patients regain strength and independence, attain the quality of life they deserve, offer valuable guidance and support, and provide the educational tools and resources patients and families need to make an informed decision on care for themselves or a loved one.
LHC Group, Inc. is a national provider of in-home health care services and innovation, providing quality, value-based health care to patients primarily within the comfort and privacy of their home or place of residence. LHC Group’s services cover a wide range of health care needs for patients and families dealing with illness, injury, or chronic conditions. LHC is the preferred in-home health care partner for 350 leading hospitals across the U.S.
Capital Region is a 100-bed facility offering a care in-house from prenatal and maternity services to home health service. It also offers one of the few rehabilitation centers in the state and advances cardiac and oncology service. CRMC also operates an extensive clinic system, from urgent care centers to specialty physician practices. Their mission is to improve the health and promote the wellness of the communities they serve.
This was reported by NASDAQ on May 2, 2019.
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Capital Region Medical Center, 1125 Madison Street, Jefferson City, Missouri 65101; 573-632-5000; Fax: 573-632-5029; Website: https://www.crmc.org/