lhc group inc (LHCG) Key Developments
LHC Group, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-15-2015 10:00 AM
Jan 6 15
LHC Group, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-15-2015 10:00 AM. Venue: Westin St. Francis Hotel, San Francisco, California, United States. Speakers: Keith G. Myers, Co-Founder, Chairman and Chief Executive Officer.
LHC Group, Inc. Appoints Dionne E. Viator Executive Vice President, Chief Financial Officer and Treasurer, Effective February 1, 2015
Dec 4 14
LHC Group, Inc. announced that it has selected Dionne E. Viator to serve as the company's executive vice president, chief financial officer and treasurer, effective February 1, 2015. Mrs. Viator, a certified public accountant (CPA), Fellow of the American College of Healthcare Executives (FACHE) and a Chartered Global Management Accountant (CGMA), brings more than 25 years of financial, operational and administrative experience to LHC Group. During her time at General Health System, Mrs. Viator served as Executive Vice President, chief strategy and network development officer as well as executive vice president of business development and chief financial officer. Effective January 31, 2015, Jeffrey M. Kreger, who joined LHC Group in February 2013 as senior vice president of finance and has been serving as executive vice president, chief financial officer and treasurer since January 1, 2014, will reassume his senior vice president of finance role.
LHC Group, Inc. Presents at Oppenheimer 25th Annual Healthcare Conference, Dec-11-2014 08:00 AM
Dec 3 14
LHC Group, Inc. Presents at Oppenheimer 25th Annual Healthcare Conference, Dec-11-2014 08:00 AM. Venue: The Crowne Plaza Hotel, New York, New York, United States. Speakers: Keith G. Myers, Co-Founder, Chairman and Chief Executive Officer.
LHC Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Full Year of 2014
Nov 5 14
LHC Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net service revenue was $187,713,000 against $164,748,000 a year ago. Operating income was $12,185,000 against $11,027,000 a year ago. Net income was $7,853,000 against $6,869,000 a year ago. Net income attributable to the company’s common stockholders was $6,174,000 or $0.36 per basic and diluted share against $5,297,000 or $0.31 per basic and diluted share a year ago.
For the nine months, net service revenue was $540,261,000 against $493,003,000 a year ago. Operating income was $33,921,000 against $36,120,000 a year ago. Net income was $21,020,000 against $22,513,000 a year ago. Net income attributable to the company’s common stockholders was $16,303,000 or $0.94 per diluted share against $17,373,000 or $1.02 per basic and diluted share a year ago. Net cash provided by operating activities was $33,451,000 against $26,380,000 a year ago. Purchases of property, building, and equipment were $4,872,000 against $5,997,000 a year ago.
For the full year of 2014, the company is reaffirming its guidance for net service revenue, which was issued on August 6, 2014, in the range of $720 million to $730 million, to a range of $725 million to $735 million due to the Life Care Home Health acquisition that was completed on September 1, 2014. The company is reaffirming its full-year 2014 guidance for fully diluted earnings per share in the range of $1.25 to $1.35. This guidance includes the negative impact from the Medicare Home Health Prospective Payment System for 2014 of approximately $0.17 per diluted share. This guidance does not take into account the estimated impact from the non-recurring costs in the fourth quarter of 2014 of $3 million to $4 million, future reimbursement changes, if any, future acquisitions or share repurchases, if made, de novo locations, if opened, or future legal expenses, if necessary. Consolidated gross margin for the full year 2014 expected to be fall between 40% and 41% of revenue. Effective tax rate will fall between 41% to 42% for the full year 2014.
LHC Group Announces a Home Health Joint Venture in Alabama With Troy Regional Medical Center and Southeast Alabama Medical Center
Nov 3 14
LHC Group, Inc. announced that it has entered into a three party home health joint venture with Southeast Alabama Medical Center (SAMC) and Troy Regional Medical Center in the Certificate of Need (CON) state of Alabama. The service area includes seven counties with a population of 415,000. Troy Regional Medical Center, based in Troy, Alabama, is a 97-bed licensed acute care facility operating under a health care authority board and is fully accredited by The Joint Commission. The facility serves the same seven counties as the home health and employs over 275 staff members. Specialties include orthopedics, women's health, ENT, podiatry, general surgery, sleep lab, medical detoxification, and pain management with over 100 board certified physicians on staff.