LHC Group (LHCG), a U.S.-based home healthcare services company, has reportedly finalized a joint venture (JV) agreement with Geisinger Home Health & Hospice in a major effort to advance home health and hospice services at every Geisinger location in Pennsylvania.
Sources with the knowledge of the development cite that the latest partnership includes Geisinger locations at Bloomsburg, Northumberland, Wilkes-Barre, Danville, Montoursville, Camp Hill, Lewisburg and Lewiston, in Pennsylvania. Sources added that the LHCG has acquired majority ownership of Geisinger, along with its assumed management responsibility.
Apparently, with this joint venture, LHCG and Geisinger can potentially deliver patient-focused home health & hospice services for people who are in dire need of healthcare as well as end-of-life care 24/7, in the comfort of their homes. The latest association between the companies is expected to expand their footprints across the home health domain.
According to a report by Home Healthcare News, the LHC Group at present holds around 24 home health and 6 hospice locations within Pennsylvania, with one hospice and 8 home health locations in New Jersey. The report added that the new JV deal will expectedly generate an annual revenue of around $35 million for the LHC Group, which is currently a JV partner of choice for nearly 340 hospitals in the country.
If reports are to be believed, every single healthcare joint venture partnership is proven to be a key component in supporting patients with managing their conditions better and in making effective and efficient care available to them. Reports further state that the LHC Group, with its partners, delivers a wide range of in-home health care services that are recognized for their consistent quality throughout the industry. It moreover provides affordable health care options which offer support, guidance and resources to patients and their families who intend to make informed decisions for their loved ones.