UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
report (Date of earliest event reported):
December 2, 2008
LHC GROUP, INC. |
(Exact Name of Registrant as Specified in Charter) |
Delaware |
8082 |
71-0918189 |
||
(State or Other Jurisdiction |
(Commission File Number) |
(I.R.S. Employer |
420 West
Pinhook Rd., Suite A
Lafayette,
LA 70503
(Address
of Principal Executive Offices, including Zip Code)
(337)
233-1307
(Registrant’s
telephone number, including area code)
N/A |
(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01 Other Events
On December 2, 2008, LHC Group, Inc. (the “Company”) issued a press release announcing that it has acquired 100% of the outstanding capital stock of Whispering Pines Health Services, Inc., located in Antlers, Oklahoma. This acquisition will expand LHC Group’s geographic footprint to 16 states. The service area of this acquisition spans 47 counties in Oklahoma and has an estimated total population of 2.9 million, with almost 14% over the age of 65. Whispering Pines Health Services, Inc. had net revenue for the most recent 12 months of approximately $172,000. This acquisition is not anticipated to add materially to LHC Group’s earnings in 2008.
The Company also announced that it has closed on the previously announced acquisition of HomeCall, Inc., which consists of 12 home health agencies located in the certificate of need (CON) state of Maryland. The service area of this acquisition spans 19 counties in Maryland and has an estimated total population of 5.4 million, with almost 12% over the age of 65. Net revenue for HomeCall for the most recent 12 months was approximately $15.6 million. This acquisition is not expected to add materially to LHC Group’s earnings in 2008.
The Company also announced today their net revenue and EPS guidance for the fiscal year ending December 31, 2009. The Company anticipates net revenue in the range of $450 to $470 million and EPS per diluted share in the range of $1.90 to $2.00. This guidance does not take into account any future acquisitions or denovo locations.
Item
9.01 Financial Statements and Exhibits
(c) Exhibits
EXHIBIT NO. | DESCRIPTION | |
99.1 |
Press Release dated December 2, 2008 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LHC GROUP, INC. |
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By: |
/s/ Peter J. Roman |
|
Peter J. Roman |
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Senior Vice President and Chief |
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Financial Officer |
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Dated: |
December 2, 2008 |
INDEX TO EXHIBITS
EXHIBIT NO. |
DESCRIPTION |
|
99.1 |
Press Release dated December 2, 2008. |