LHC Group and Ochsner Health System Announce LTACH Joint Venture

Posted by Jason Greis on July 31, 2009 under Industry News | Be the First to Comment |  Print

On May 4, 2009 a press release was issued announcing a LTACH joint venture between LHC Group and Ochsner Health System.  The LTACH venture is in addition to the February 1, 2009, home health venture between LHC Group and Ochsner.  This joint venture includes an LHC Group purchase of 75% and an Ochsner purchase of 25% of a LTACH located in Kenner, Louisiana.  Net revenue for the LTACH during the most recent 12 months was approximately $5.6 million.

Headquartered in Lafayette, Louisiana, LHC Group (www.lhcgroup.com) operates 210 home nursing locations, 20 hospice locations and seven LTACHs in 17 states.  Through the Company’s 48 partnerships with non-profit hospitals, LHC Group has developed a proven track record of working with hospital partners to provide the highest quality of patient care in the communities that it serves while continually receiving the highest marks in employee satisfaction. LHC Group has more than 5,800 employees throughout the United States.

Ochsner Health System (www.ochsner.org) is a non-profit, academic, multi-specialty, healthcare delivery system dedicated to patient care, research and education.  The system includes seven hospitals and over 35 health centers located throughout Southeast Louisiana. Ochsner employs more than 750 physicians in 90 medical specialties and subspecialties and over 300 clinical research trials annually. Ochsner has been listed as one of the “Best Places to Work” by New Orleans CityBusinesssince 2005 and received the Consumer Choice for Healthcare in New Orleans for 13 consecutive years.  Ochsner was ranked as “Best” Hospital by U.S. News and World Reportin 2007.  Ochsner has 11,000 employees system-wide.