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):
May 5, 2009
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 May 5, 2009, LHC Group, Inc. (the “Company”), one of the largest providers of home nursing services in the United States, today issued a press release announcing two separate transactions in the certificate of need (CON) states of Kentucky and Washington.
LHC Group entered into a home health joint venture with Methodist Hospital, effective June 1, 2009, to provide home nursing services in Henderson, Kentucky. The primary service area of this joint venture spans three counties in Kentucky, a Certificate of Need (CON) state. The estimated population of the service area is 150,000, with approximately 14 percent of the population over the age of 65. Net revenue for the Henderson, Kentucky agency during the most recent 12 months was approximately $3.0 million. This joint venture is not expected to add materially to LHC Group’s earnings in 2009.
LHC Group also announced today that it has acquired 100% of the assets of Central Basin Home Health & Hospice located in Moses Lake, Washington, effective May 1, 2009. The primary service area of this acquisition spans three counties in Washington, a Certificate of Need (CON) state. The estimated population of the service area is 110,000, with approximately 12 percent of the population over the age of 65. Combined net revenue for the Moses Lake, Washington home health and hospice agencies during the most recent 12 months was approximately $1.3 million. This acquisition is not expected to add materially to LHC Group’s earnings in 2009.
Certain matters discussed in this Current Report on Form 8-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the impact of the two acquisitions on LHC Group’s earnings. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes in reimbursement, changes in government regulations, changes in relationships with referral sources, increased competition for LHC Group’s services, increased competition for joint venture and acquisition candidates, changes in the interpretation of government regulations, and other risks set forth in Item 1A. Risk Factors in LHC Group’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission. LHC Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits
(d) Exhibits
EXHIBIT NO. |
DESCRIPTION |
|
99.1 | Press Release dated May 5, 2009 |
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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|
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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: |
May 5, 2009 |
INDEX TO EXHIBITS
EXHIBIT NO. |
DESCRIPTION |
|
99.1 |
Press Release dated May 5, 2009. |