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Home Care Plus Balance Sheet

Legal
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Legal Notice

Home Care Plus, Inc. is a West Virginia corporation located in Lewisburg, West Virginia. As of December 31, 2016, Home Care Plus was wholly owned and operated by LHC Group, Inc., located in Lafayette, Louisiana. The details concerning the contents of this advertisement are available for public inspection at the office of the West Virginia Health Care Authority, 100 Dee Drive, Charleston, West Virginia.
LHC Group, Inc.
Balance Sheet
HOME CARE PLUS, INC.
December 31, 2016
ASSETS
Current assets:
Patient accounts receivable, less allowance for uncollectible accounts    $    1,184,742.45
lntercompany-La HealthCare Group    $    2,060,412.87
Prepaid expenses and other current assets    $    496,620.37
Total current assets    $    3,764,960.28
Property, building and equipment, net of depreciation    $    163,824.16
Goodwill    $    4,754,030.57
Intangible Assets New of Accumulated Amortization    $    160.00
Total assets    $    8,682,975.01
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities·
Accounts payable and other accrued liabilities    $    (10,482.39)
Salaries, wages, and benefits payable    $    147,062.15
$    –
Total current liabilities    $    136,579.76
Long Term Accounts Payable    $    5,024.81
Total Liabilities    $    141,604.57
Redeemable Non Controlling Interest
Stockholders’ equity:
Common Stock    $    4,966,304.73
Retained Earnings    $    3,575,065.71
Total liabilities and stockholders’ equity    $    8,682,975.01
LHC Group, Inc.
Income Statement
HOME CARE PLUS, INC.
December 31,2016
Revenues:
Net service revenue    $    6,484,221.11
Operating Expenses:
Salaries and benefit expense    $    3,595,403.28
Transportation expenses    $    249,990.74
Supplies and services    $    487,005.80
General and administrative    $    968,695.67
G&A Supplies and Services    $    36,976.10
Provision for bad debts    $    97,747.54
Depreciation    $    32,809.89
Shared Services    $    670,097.17
Total Expenses    $    6,138,726.19
Income (Loss) from Operations    $    345,494.92
Other revenue    $    809.60
Income before Non-controlling Interest    $    346,304.52
Non-controlling Interest    $    –
Net Income    $    346,304.52
LHC Group, Inc.
Statement of Retained Earnings
HOME CARE PLUS, INC.
December 31, 2016
Beginning Balance    $    3,228,761.19
Current Year Earnings    $    346,304.52
Ending Balance    $    3,575,065.71