Home health company LHC Group plans to invest $600,000 in its Louisville operation and create 31 full-time jobs to establish a “regional home office.”
CEO Keith Myers had told Insider last month that the company merged with Louisville-based competitor Almost Family last year in part to have a second “command and control center” because its Lafayette, La., home office is exposed to hurricanes.
According to news releases from governor’s and mayor’s offices, LHC will spend $600,000 to buy new furniture and equipment and to renovate its facility at 9510 Ormsby Station Road, where it already employs 129 with a combined annual payroll of about $8.4 million.
The new employees will earn $19.50 per hour, including benefits, according to filings with the Kentucky Economic Development and Finance Authority. The agency on Thursday said the state preliminarily has agreed to provide LHC with tax incentives of $400,000.
Myers said in the news release that the state “has played a vital role throughout the history of our company, as we expanded from a regional operator to a national health care provider.
“We are honored to be a part of the robust Louisville business community and look forward to working with our neighbors to enhance the city’s well-deserved reputation as a hub for health care providers,” he said.
The company told Insider via email that it hopes to complete the project by early summer.
LHC provides home health, hospice and other services in 780 locations in 36 states and partners with 340 hospitals. The company generated revenue of $510 million in the most recent quarter and net income of $25 million.
Myers had told Insider that the merged company’s size — it now reaches more than 60 percent of the U.S. population — would make it easier for the company to get business from national contractors and government agencies, which often prefer dealing with large, national providers rather than smaller, regional ones.