Home health provider LHC Group Inc. has expanded into its 18th state, Oregon, entering into a home health joint venture with Three Rivers Community Hospital in Grants Pass. The Lafayette-based company is one of the largest providers of home health services in the U.S.
The primary service area of the joint venture has an estimated population of 386,000, with almost 18 percent over the age of 65. Net revenue for the Grants Pass agency during the most recent 12-month period was about $3.4 million. The deal is not expected to add materially to LHC Group’s earnings in 2009.
Three Rivers Community Hospital, a member of Asante Health System, has 125 licensed beds. Asante Health System is a community-owned organization that provides comprehensive medical care to more than 550,000 people in a nine-county area of southern Oregon and northern California.