LHC Group (NASDAQ: LHCG) provides post-acute healthcare services, primarily to Medicare beneficiaries in rural southern U.S. markets. The firm's 150 home nursing agencies provide skilled nursing, physical therapy, speech therapy, occupational therapy and medically-oriented social services. Its ten hospices offer pain management, palliative medication, homemaker services and counseling. Its four acute care facilities provide services to patients who have transitioned out of a hospital intensive care unit with complex medical conditions. The company also provides rehabilitation services.

LHC pleased investors late last month, when it reported Q1 EPS of 31 cents and revenues of $83.5 million. Analysts had been expecting 29 cents and $78.7 million. Last week, the firm agreed to buy Home Care Solutions, a Nashville outfit with $11 million in annual Medicare revenues. That led LHC to revise its FY08 EPS guidance to $1.30-$1.40 ($1.30 consensus) and FY08 revenue guidance to $340-$360 million ($345.63M consensus).

Continue reading LHC Group (LHCG): Share price defines bullish 'flag' consolidation

LHC Group (LHCG): Share price defines bullish 'flag' consolidation originally appeared on BloggingStocks on Wed, 28 May 2008 14:10:00 EST. Please see our terms for use of feeds.

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