LHC Group Announces Home Health Joint Venture With Baptist Health System In Alabama
Lafayette, LA (GLOBE NEWSWIRE) - LHC Group Inc. (Nasdaq:LHCG), a national provider of post-acute care services, has entered into a home health joint venture with Baptist Health System, one of the largest healthcare systems in Alabama.
With hospitals in Birmingham, Talladega, Alabaster and Jasper, Baptist Health System delivers inpatient care to more than 33,000 patients each year. The health system has 1,080 total licensed beds and more than 800 credentialed physicians. Its 4,300 employees make Baptist one of Alabama's largest employers.
"At Baptist Health System, it's our vision to reach superior levels of performance throughout our organization – and to engage those who share in our vision," said Shane Spees, Baptist's CEO. "In LHC Group, we have found a partner that places patient care and employee satisfaction at the forefront of every decision, and that's a great fit for Baptist.
"LHC Group has a proven track record of successful hospital partnerships that are enhancing post-acute care for patients around the nation. Working together, we'll expand the quality and scope of services available to our patients and communities across Alabama."
Keith G. Myers, LHC Group's chairman and CEO, said the new partnership will result in improved patient care – helping patients recover in the comfort of home and preventing costly and avoidable hospital readmissions as mandated by the Affordable Care Act.
"Baptist Health System is nationally recognized for its commitment to improving lives through the delivery of high-quality patient care," Myers said. "A seamless continuum of care from hospital to home is part of that commitment, and we're proud to partner with Baptist to deliver superior home health services to the people of Alabama."
About LHC Group Inc.
LHC Group Inc. is a national provider of post-acute care, providing quality, cost-effective health care to patients within the comfort and privacy of their home or place of residence. LHC Group provides a comprehensive array of post-acute healthcare services through home health, hospice and private duty locations in its home-based division and long-term acute care hospitals in its facility-based division.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company's future financial performance and the strength of the Company's operations. Such forward-looking statements may be identified by words such as "continue," "expect," and similar expressions. 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 LHC Group's 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, 2010, 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.
Source: LHC Group
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