LHC Group, Texas Health, Methodist Health purchase Healthcare Resources
LHC Group, Texas Health Resources, and Methodist Health System announced an agreement for DFW Home Health to purchase and share ownership of Healthcare Resources. DFW Home Health is a separate legal entity jointly owned by LHC Group, Texas Health Resources, and North Texas Health Facilities Management, Inc., a subsidiary of Methodist Health System. The partnership has been in operation since 2012. This acquisition expands the partnership's footprint to four locations across the Dallas/Fort Worth Metroplex - joining sister locations in Dallas, Fort Worth, and Denton. DFW Home Health provides in-home healthcare services for 25 hospitals and, in 2019, will provide care for approximately 8,000 patients. It is anticipated that the agreement will be finalized on January 1, 2020, subject to customary closing conditions, at which time the partnership will assume management responsibility. LHC Group expects approximately $2.4M in annualized revenue from this joint venture and anticipates that it will not materially affect its 2020 diluted earnings per share. The agency name will change to DFW Home Health Arlington. It will continue to operate from its current location in Arlington.