December 17, 2008 / 1:01 PM / in 11 years

UPDATE 1-LHC Group to buy Northwest Healthcare

Dec 17 (Reuters) - Home nursing services provider LHC Group Inc (LHCG.O) said it agreed to buy all of the outstanding capital stock of Northwest Healthcare Alliance Inc.

The company said it expects the deal to add about 2 cents a share to its earnings in 2009. The impact of this deal is not included in the previously announced 2009 guidance, the company said in a statement.

Northwest Healthcare Alliance Inc, which operates as Assured Home Health and Hospice, has four home health locations and five hospice locations, and had net revenue for the most recent 12 months of about $10.2 million.

Shares of LHC closed at $34.31 Tuesday on Nasdaq. (Reporting by Anuradha Ramanathan in Bangalore; Editing by Pratish Narayanan)

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