LHC Group and St. Mary’s Health Network announce closure
of in-home healthcare equity partnership
LAFAYETTE, La. (May 1, 2018) – LHC Group (NASDAQ: LHCG) and St. Mary’s Health Network today announced finalization of an equity partnership agreement to purchase and share ownership of St. Mary’s Home Care Services – a home health provider serving patients and families in Washoe and surrounding counties in Nevada.
The agency will continue to operate under its current name from its current location at 690 Sierra Rose Drive, in Reno, Nev.
Working together to provide quality in-home healthcare, LHC Group and St. Mary’s Health Network help patients regain strength and independence, attain the quality of life they deserve, offer valuable guidance and support, and provide the educational tools and resources patients and families need to make an informed decision on care for themselves or a loved one.
Hospital and home health partnerships focus on delivering patient-centered care in the comfort of the patient’s home. They are a key component in helping patients manage their conditions and achieve an optimum health outcome. LHC Group is the joint venture partner of choice and partners with 76 health systems consisting of 336 hospitals across the United States.
Home healthcare is an effective and affordable solution for many patients’ post-acute care needs and situations. Home health professionals treat a wide range of medical conditions, allowing patients to rest and recover in the comfort of home.
About LHC Group, Inc.
LHC Group, Inc. is a national provider of in-home healthcare services and innovations, providing quality, value-based healthcare to patients primarily within the comfort and privacy of their home or place of residence. LHC Group’s services cover a wide range of healthcare needs for patients and families dealing with illness, injury, or chronic conditions. The company’s approximately 30,000 employees deliver home health, hospice, personal care services, and facility-based services from more than 780 locations in communities in 36 states. Through its healthcare innovations business, LHC Group drives increased utilization of home healthcare and enhances patient and caregiver engagement. LHC Group is the preferred in-home healthcare partner for 76 health systems, consisting of 336 leading hospitals around the country.
About St. Mary’s Health Network
Saint Mary’s based in Reno, Nev. is a 380-bed acute care hospital offering inpatient, outpatient and wellness services. Nationally recognized and accredited by the Joint Commission, Saint Mary’s offers a robust line of services including a top-rated Center for Cancer, robust surgical and orthopedic services, and award-winning Cardiology program and more. The health system also operates a fully-integrated Medical Group and a state-of-the-art Fitness Center. As a long-standing community partner, Saint Mary’s is dedicated to ensuring the health and wellness of northern Nevada remains strong. For more information, visit www.SaintMarysReno.com.