M&A Deal Summary

LHC Group Acquires Deaconess HomeCare

On February 3, 2014, LHC Group acquired healthcare services company Deaconess HomeCare from Option Care Health for 60M USD

Acquisition Highlights
  • This is LHC Group’s 6th transaction in the Healthcare Services sector.
  • This is LHC Group’s largest (disclosed) transaction.
  • This is LHC Group’s 6th transaction in the United States.

M&A Deal Summary

Date 2014-02-03
Target Deaconess HomeCare
Sector Healthcare Services
Buyer(s) LHC Group
Sellers(s) Option Care Health
Deal Type Divestiture
Deal Value 60M USD

Target

Deaconess HomeCare

United States
Deaconess HomeCare is a nationally recognized healthcare provider with a long-standing reputation for providing quality care and service to patients, families and communities.

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Buyer(S) 1

Buyer

LHC Group

Lafayette, Louisiana, United States

Category Company
Founded 1994
Sector Healthcare Services
Employees16,000
Revenue 2.2B USD (2021)
DESCRIPTION

LHC Group is a provider of post-acute healthcare services, providing quality, cost-effective healthcare to patients within the comfort and privacy of their home or place of residence. LHC Group was founded in 1994 and is based in Lafayette, Louisiana.


DEAL STATS #
Overall 6 of 20
Sector: Healthcare Services M&A 6 of 20
Type: Divestiture M&A Deals 2 of 4
Country: United States M&A 6 of 20
Year: 2014 M&A 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Infirmary Hospice Care

Mobile, Alabama, United States

Infirmary Hospice Care, Inc. is a provider of healthcare services in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-15 Life Care Home Health

Las Vegas, Nevada, United States

Life Care Home Health, Inc. is a provider of healthcare services.

Buy $10M

Seller(S) 1

SELLER

Option Care Health

Bannockburn, Colorado, United States

Category Company
Founded 1993
Sector Healthcare Services
Employees5,809
Revenue 5.0B USD (2024)
DESCRIPTION

Option Care Health provides comprehensive, cost-effective pharmaceutical and home care solutions. Option Care Health was formed in 1993 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 CarePoint Partners

Cincinnati, Ohio, United States

CarePoint Partners is a provider of home and alternate-site infusion therapy for patients with complex, acute and chronic illnesses.

Buy $223M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Home Solutions

Somers Point, New Jersey, United States

Home Solutions is a provider of home infusion and home nursing products and services to patients suffering from chronic and acute medical conditions.

Buy $85M