Optum buys home health provider
By HME News Staff
Updated 11:47 AM CDT, Tue March 29, 2022
EDEN PRAIRIE, Minn., and LAFAYETTE, La. – Optum, part of UnitedHealth Group, has agreed to buy LHC Group, a home health provider, for $170 per share of common stock in a play to extend value-based care into the homes of patients.
LHC Group’s history of quality home and community-based care matched with Optum’s extensive value-based care experiences and resources will accelerate the combined company’s ability to deliver integrated care, improving outcomes and patient experiences, according to a press release
“LHC Group’s sophisticated care coordination capabilities and its warm, human touch is so important for home care, and will greatly enhance the reach of Optum’s value-based capabilities along the full continuum of care, including primary care, home and community care, virtual care, behavioral health and ambulatory surgery,” said Dr. Wyatt Decker, CEO, Optum Health. “We greatly admire how the people of LHC Group have created a culture that enables them to be a trusted health care partner to patients and their families when they need it the most, and we look forward to working with and learning from them.”
LHC Group’s 30,000 employees, including frontline care providers and administrative and support personnel, provide more than 12 million annual in-home patient-focused interventions.
The LHC Group leadership team will stay on board as part of Optum.
The deal is expected to close in the second half of 2022.
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