Wood

LHC Group, Inc. Balance Sheet

Housecalls Home Health and Hospice, LLC is a West Virginia company located in Parkersburg, West Virginia. As of December 31, 2016, Housecalls Home Health was 90{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} wholly owned by LHC Group, Inc., located in Lafayette, Louisiana, and 10{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} owned by Camden Clark Memorial Hospital, located in Parkersburg, West Virginia. 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

HOUSECALLS HOME HEALTH

December 31, 2016

 

ASSETS

Current assets:

Patient accounts receivable, less allowance for uncollectible accounts             $    682,625.12

Intercompany-La HealthCare Group         $1,136,540.29

Prepaid expenses and other current assets $          456.44

Total current assets                                  $1,819,621.85

 

Property, building and equipment, net of depreciation

$       9,566.11

Goodwill                                                   $1,182,699.35

Intangible Assets New of Accumulated Amortization

$   338,000.00

Total assets                                             $3,349,887.31

 

LIABILITIES AND STOCKHOLDERSá EQUITY

Current liabilities:

Accounts payable and other accrued liabilities $(12,373.12)

Salaries, wages, and benefits payable       $ 114,417.94

$                —

Total current liabilities                                 $ 102,044.82

Long Term Accounts Payable                     $  (1,676.01)

Total Liabilities                                           $ 100,368.81

Redeemable Non Controlling Interest        $    (2,806.01)

 

Stockholdersá equity:

Common Stock                                         $1,250,000.00

Retained Earnings                                   $2,002,324.51

Total liabilities and stockholdersá equity    $3,349,887.31

 

LHC Group, Inc.

Income Statement

HOUSECALLS HOME HEALTH

December 31, 2016

 

Revenues:

Net service revenue                                 $6,049.768.23

 

Operating Expenses:

Salaries and benefit expense                   $3,717,979.11

Transportation expenses                          $   274,695.44

Supplies and services                              $   177,332.68

General and administrative                       $1,139,825.09

G&A Supplies and Services                            42,352.11

Provision for bad debts                             $  119,425.90

Depreciation                                              $      7,858.27

Shared Services                                        $  612,012.29

Total Expenses                                        $6,091,480.89

Income (Loss) from Operations                   $ (41,712.66)

Other revenue                                            $        496.49

Income before Non-controlling Interest       $ (41,216.17)

Non-controlling Interest                              $   (4,121.62)

Net Income                                                $ (37,094.55)

 

LHC Group, Inc.

Statement of Retained Earnings

HOUSECALLS HOME HEALTH

December 31, 2016

 

Beginning Balance                                   $2,039,419.06

Current Year Earnings                               $  (37,094.55)

Ending Balance                                       $2,002,324.51

 

 

Apr 26