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LHC Group, CHRISTUS to form health services joint venture

LHC Group Inc. is forming a joint venture with Texas-based CHRISTUS Health that will provide home health, hospice, long-term acute-care and community-based services across four states.

The transaction, expected to be completed by the end of the third quarter, will see LHC Group acquire a majority ownership of CHRISTUS' 21 service locations.

LHC expects an annual revenue of about $80 million from the joint venture.