NEW YORK, Nov. 7, 2008 (GLOBE NEWSWIRE) -- Veteran business journalist Sasha Salama joins Keith G. Myers, Chairman and Chief Executive Officer LHC Group, Inc. (LHCG) to discuss the company's industry, strategy, financials and positioning.
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In fourteen short years, Keith Myers has provided the vision and leadership needed to take a small rural home health agency and turn it into what is now known as LHC Group, a regional home nursing and post acute health care services company with more than 5000 employees, providing both home based and facility services through 231 locations in Louisiana, Mississippi, Arkansas, Texas, Mississippi, North Carolina, Ohio, West Virginia, Virginia, Kentucky, Florida, Georgia, Missouri, Maryland, and Alabama.
In 1999, Mr. Myers was granted Certified Home/Hospice Care Executive (CHCE) credentials by the National Association for Home Care which placed him among the first to receive this recognition. In recent years, he has also received such honors as being named Business Executive of the Year by the Louisiana Rural Health Association in 1999 and has been an active participant in the Home Health Top 100 since 2002. He has participated in the preparation of white papers and presentations to members of the U.S. Senate and House of Representatives in Washington D.C., specifically related to health care reimbursement methodologies and the correlation between various reimbursement methods and the resulting level of clinical outcomes and overall quality of service received by beneficiaries.
In June of 2003, Mr. Myers received the Regional Entrepreneur of the Year Award for outstanding performance in the field of Healthcare Services and was officially inducted as a Lifetime member of The National Entrepreneur Of The Year Hall of Fame in November of 2003. The National Entrepreneur Of The Year Award program is sponsored nationally by USA Today, CNN, The Nasdaq(r) Stock Market, and the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation. The Entrepreneur of the Year awards program annually honors the most successful and entrepreneurial business leaders across the country who have demonstrated excellence in areas such as innovation, financial performance and personal commitment to their businesses and communities. Previous National Entrepreneur of the Year award winners have included Michael Dell of Dell Computer Corporation and Howard Schultz of Starbucks Coffee.
Prior to entering the healthcare industry, Mr. Myers served as President and General Manager of a seafood company, which he and his father founded in 1980. The company began operations as a small single site food processing facility with less than ten employees, and after bringing in partners to provide needed capital for growth and expansion, he continued to provide the hands on day to day oversight necessary to grow from one single facility, into an international food processing, procurement, and distribution company with contract packaging operations and multiple production sites in the U.S., Latin America and Asia, serving as a direct supplier of Sysco, Kraft, and other national retail and institutional food distributors, and indirectly servicing national accounts such as Pillsbury and General Mills.
About LHC Group, Inc.:
LHC Group, Inc., through its subsidiaries, provides post-acute healthcare services primarily to Medicare beneficiaries in rural markets in the United States. The company offers various home-based services primarily through home nursing agencies and hospices; and facility-based services principally through long-term acute care hospitals and outpatient rehabilitation clinics. Its home nursing locations provide a range of services, including skilled nursing, nursing, physical, occupational, and speech therapy and medically-oriented social services. The company's hospice services comprise pain and symptom management accompanied by palliative medication; emotional and spiritual support; inpatient and respite care; homemaker services; dietary counseling; social worker visits; spiritual counseling; and bereavement counseling services. It also operates long-term acute care hospitals that provide services primarily to patients who have transitioned out of a hospital intensive care unit with complex medical conditions. The company provides its outpatient rehabilitation services through physical therapists, occupational therapists, and speech pathologists, as well as offers outpatient rehabilitation services on a contract basis. As of December 31, 2007, LHC Group owned and operated 144 home nursing locations, 9 hospices, and 4 long-term acute care hospitals. It has a joint venture relationship with Grant Memorial Hospital to provide home health and hospice services in Petersburg and the surrounding areas. The company was founded in 1994 and is based in Lafayette, Louisiana.
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