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CareSouth and LCS Strengthen Partnership


December 31, 2014

FOR IMMEDIATE RELEASE

WASHINGTON, DC--Capitol Partners, a middle market focused private equity firm, has announced that portfolio platform company CareSouth Health System has exercised its option to increase its ownership interest to 70 percent of the Health at Home™ joint venture partnership, one year ahead of the deadline which was set for the end of the year, 2015.

“CareSouth and Health at Home are now full-fledged members of the LCS communities,” says Ed Kenny, chairman and CEO of LCS. “Health at Home clients are afforded access to a wealth of knowledge and expertise that will serve our communities well in the years to come. A strong commitment to quality care and superior training ensure that our clients receive the best care possible. We are extremely pleased and fortunate to have the opportunity to partner with CareSouth.”

In July 2013, CareSouth entered into a joint venture with LCS. As part of this joint venture arrangement, CareSouth jointly owned the homecare division of LCS (Health at Home), with LCS owning the larger portion. CareSouth, however, has been responsible for all of the day-to-day operations of Health at Home in LCS senior living communities.

According to T.J. Jubeir, managing partner of the private equity firm,"We are excited about this partnership in which the two organizations have worked seamlessly to deliver best of class service to the residents of the LCS communities." He adds,"The success of this partnership has led us to accelerate our ownership interest in the joint venture."

“Our first year with LCS and Health at Home has been a tremendous success,” says Rick Griffin, president and CEO of CareSouth. “In addition to providing additional services to the 17 existing Health at Home locations operating at the time of our initial partnership, we have further expanded in Dallas and Fort Worth, Texas, serving six additional LCS communities. We attribute this success to the true partnership of Health at Home and the LCS communities and to the strategic implementation of the CareSouth Advantage through Health at Home. Our investment is a commitment to LCS and to the communities. We did not want to wait another year to make a total commitment to this partnership and to the residents of the LCS communities we serve.”

The CareSouth Advantage is a disciplined approach to the development and growth of synergy within every part of the CareSouth organization using consistent processes and practices. It includes the execution of a client-first service excellence program, ongoing development of and training for advanced clinical programs and services, combining clinical in-home services with the latest in technological advances in health care and development, and implementation of documented strategies of best practices within each department, agency and branch.

CareSouth holds the position of 12th largest market share in the US among all providers of Medicare certified home health and also provides other non-acute health services. The company has been providing quality, compassionate in-home care services for more than 20 years. Its home health agencies consistently rank in Home Care Elite™ among the top 25 percent of home health agencies in the country. In addition to almost 60 CareSouth locations across the mid-Atlantic and Southeastern regions, including home health, hospice and private duty care, the company maintains joint ventures and partnerships in more than 20 locations across the country.

CareSouth is committed to building and maintaining more trust from those it serves, producing more results with superior clinical outcomes and saving more time through outstanding customer service to its patients, their families and its referral sources.

CareSouth consistently ranks above the national average in key metrics year-after-year.

For further information, contact Capitol Partners at 202.955.7960.

 







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