LHC Group in Lafayette has formed a joint venture offering its services through 21 Christus Health locations in Louisiana, Texas, Arkansas and Georgia.
LHC Group will purchase majority ownership in the facilities and assume management responsibility. The joint venture should be completed by the end of the third quarter, the companies said.
The joint venture will include seven home health agencies, five hospice programs, two community-based home care services, one inpatient hospice unit and six long-term acute-care hospitals.
The facilities will continue to operate under their existing names. LHC Group expects annualized revenue from the joint venture of about $80 million, which it said will not materially affect its 2017 earnings per share.
Including Christus Health, LHC Group is partnered with 75 health systems nationwide consisting of more than 250 hospitals across the United States.
Based in Irving, Texas, Christus Health is an international Catholic, faith-based, not-for-profit health system.
"We're thrilled to find a strong collaborator who will complement our strengths as a health care leader in the communities we serve," said Paul Generale, Christus continuing care CEO and Christus Health's executive vice president, chief strategy and health network officer. "In partnering with LHC Group, we're acting on this commitment and gaining additional expertise and resources."
LHC Group operates 311 home health services locations, 87 hospice locations, 11 community-based service locations and six long-term acute care hospitals with eight locations.
Christus is comprised of more than 400 services and facilities, including more than 60 hospitals and long-term care facilities, 175 clinics and outpatient centers and dozens of other health ministries and ventures. Its services can be found in 60 cities in the U.S., Mexico, Chile and Colombia.