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Deal snapshot: LHC GROUP AND ERLANGER HEALTH SYSTEM FINALISE HOME HEALTH, COMMUNITY-BASED SERVICES JOINT VENTURE.

MANews-(C)2009-2017

US-based health systems LHC Group (NASDAQ: LHCG) and Erlanger Health System have finalised a new joint venture to enhance home health and community-based services in Chattanooga and southeast Tennessee, the companies said.

The joint venture includes a Chattanooga facility providing both skilled home health care and non-skilled community-based services, further expanding LHC Group's joint venture presence and services footprint in the state of Tennessee. LHC Group is purchasing majority ownership of the facility in Chattanooga and assuming management responsibility.

Country: USA

Sector: Healthcare

Target: Joint venture to enhance home health and community-based services in Chattanooga and southeast Tennessee

Buyer: LHC Group, Erlanger Health System

Vendor:

Deal size in USD:

Type: JV

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U6TN
Date:Dec 5, 2017
Words:127
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