Source: July 20, 2015 Read More →

Home Care Plus

Home Care Plus, Inc. is a West Virginia corporation located in Lewisburg,
West Virginia. As of December 31, 2014, it was wholly owned and operated
by LHC Group, Inc., located in Lafayette, Louisiana.
The details concerning the contents of this legal 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, 2014
ASSETS
Current Assets:
Cash    $    381,457.92
Patient accounts receivable, less allowance for
uncollectible accounts        1,013,672.11
Intercompany – La HealthCare Group        906,976.49
Inventory        499,764.84
Prepaid expenses and other current assets        2,723.39
Total current assets        2,804,594.75
Property, building and equipment, net of depreciation        64,768.14
Goodwill        4,754,030.57
Security Deposits        160.00
Total assets    $    7,623,553.46
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and other accrued liabilities    $    3,057.30
Salaries, wages, and benefits payable        120,822.37
Total current liabilities        123,879.67
Stockholders’ equity:
Common stock        4,966,304.73
Retained earnings        2,533,369.06
Total stockholders’ equity        7,499,673.79
Total liabilities and stockholders’ equity    $    7,623,553.46
LHC Group, Inc.
Statement of Income
HOME CARE PLUS, INC.
December 31, 2014
Net service revenue    $    5,568,115.75
Salaries and benefit expense        2,786,471.73
Transportation expenses        218,519.33
Supplies and services        394,349.62
General and administrative        813,590.10
Sales & Marketing Expense        29,891.12
Provision for bad debts        128,763.67
Depreciation and Amortization Expense        19,993.71
Shared Services        630,587.14
Total Expenses    $    5,022,166.42
Income from Operations    $    545,949.33
Other (Income), net        (1,487.62)
Income (Loss) before Non-controlling Interest        544,461.71
Income (Loss) after Non-controlling Interest    $    544,461.71
LHC Group, Inc.
Statement of Retained Earnings
HOME CARE PLUS, INC.
December 31, 2014
Beginning Balance    $    1,988,907.31
Current Year Earnings (Loss)        544,461.75
Ending Balance    $    2,533,369.06