RENO, Nev. and JEFFERSON CITY, Mo. (August 2, 2018)—LHC Group, Inc., a national provider of in-home health care services and innovations, announced the finalization of two equity partnership agreements to purchase and share ownership of home health and hospice services locations with regional health system providers in the markets of Reno, Nev., and Jefferson City, Mo.
The agreement expands the post-acute presence and capabilities of providers in western Nevada and central Missouri. “Together, we will grow these service lines and enhance our partners’ ability to provide high quality care to the patients and families they serve,” said Keith Myers, LHC Group chairman and CEO, via press release.
Hospital and home health/hospice partnerships focus on delivering patient-centered care in the comfort of the patient’s home. They are a key component in helping patients recover, manage chronic conditions, deal with the challenges and complexities of terminal illness, and achieve the best possible outcome. LHC Group is already the joint venture partner of choice for 76 health systems consisting of 337 hospitals across the United States, according to the company’s press statement.
In Reno, LHC Group—in a partnership agreement with St. Mary’s Regional Medical Center—is purchasing majority ownership of St. Mary’s Hospice of Northern Nevada and assuming management responsibility. The facility will continue to operate under the same name at its current location.
The agreement between LHC Group and St. Mary’s expands their current joint venture partnership. In May, the two organizations announced a similar agreement to operate St. Mary’s Home Care Services, a home health provider serving patients and families in Washoe and surrounding counties in Nevada.
In Jefferson City, LHC Group—in a partnership agreement with Capital Region Medical Center—is purchasing majority ownership of Capital Region Home Health and assuming management responsibility. The facility will continue to operate under the same name at its current location.
Since 1997, Capital Region Medical Center has been affiliated with University of Missouri Health Care—combining the strengths of an academic medical center with the strengths of a community-based hospital.
LHC Group’s services cover a wide range of health care needs for patients and families dealing with illness, injury or chronic conditions. The company’s approximately 30,000 employees deliver home health, hospice, home and community based services, and facility-based services from more than 780 locations in communities in 37 states.