LHC Group hits 52-week high on acquisition news
Nursing home service provider LHC Group Inc. (Nasdaq:LHCG) hit a 52-week high today after announcing ahead of the opening it had acquired all assets of Morristown-Hamblen Home Health and Hospice in Morristown, Tenn. Morristown-Hamblen's primary service population is around 1.2 million people, with about 15% over age 65. Lafayette, La.-based LHC Group said the acquisition is not expected to add materially to earnings this year.
At 11:35 a.m. ET, shares are at $29.20, up about $1.29, or 4.6%, from Friday’s close. The stock hit a 52-week high of $29.29 shortly after the opening bell.
For detailed price information and recent news stories about LHC Group Inc., click LHCG.
At 11:35 a.m. ET, shares are at $29.20, up about $1.29, or 4.6%, from Friday’s close. The stock hit a 52-week high of $29.29 shortly after the opening bell.
For detailed price information and recent news stories about LHC Group Inc., click LHCG.
About the Author
Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.
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