Not-for-profit Orlando Health has inked a deal with publicly-traded home health provider LHC Group to offer home health and community-based services in four Florida cities.
Lafayette, La.-based LHC will buy a majority ownership in the joint venture, expected to close August 1, and will manage the services, which will be provided at six total locations.
“Throughout the state, Orlando Health has earned a reputation for quality through hard work, dedication to patients, and a commitment to the health of the communities they serve,” LHC’s CEO Keith Myers said in a statement. “Working together, we will bring that same level of service to even more people.”
LHC expects to draw incremental annualized revenue of $3.5 million from the program, which the company said will not materially affect its 2020 diluted earnings per share.
The providers will offer the home health services at three Orlando Health locations in Orlando and three LHC locations in Orlando, Clermont, Kissimmee and Altamonte Springs.
Orlando Health, based in Orlando, has 13 wholly-owned or affiliated hospitals and emergency departments. It spans nine Florida counties and has almost 450 total locations.
Greg Ohe, Orlando Health’s senior vice president of ambulatory services, said in a statement that the agreement will create the most convenient, responsive, high-quality, and full continuum of care currently available.