LHC Group Inc. has acquired the assets of Infirmary Hospice Care in the state of Alabama, a Certificate of Need state for hospice services.
The acquired hospice agency, located in Mobile, will continue to operate under the name Infirmary Hospice Care through the remainder of 2013 and serve Mobile and Baldwin counties. Current annual revenue for this agency is about $2.5 million.
This hospice acquisition continues the Lafayette-based home health and hospice company's strategy of acquiring hospice providers located within the company's current home health markets. The publicly traded company (Nasdaq:LHCG) owns 34 hospice locations across 10 states.