Irving-based Christus Health and Lafayette, La.-based LHC Group, a post-acute care services provider, have entered a definitive agreement to form a joint venture. The two groups will offer their continuing care services across four states: Texas, Louisiana, Georgia, and Arkansas. Terms of the deal were not disclosed.
According to Christus, the joint venture will focus on providing home health, hospice care, long-term acute-care services, and community-based services at 21 Christus centers. Under the agreement, LHC Group will purchase majority ownership of Christus’ home health, hospice, and community-based home centers. The facilities will retain their existing names under LHC Group management.
Paul Generale, Christus executive VP of strategic alliances, ambulatory, and population health services, said in a statement: “[Christus is] thrilled to find a strong collaborator who will complement our strengths as a healthcare leader in the communities we serve. We are committed to providing our patients and their families the best quality and compassionate care beyond the doors of our hospitals and clinics and into post-acute settings, including the patient’s home and hospice. In partnering with LHC Group, we’re acting on this commitment and gaining additional expertise and resources.”
The agreement is expected to be completed by the end of the third quarter.