Benzinga | Mar 25, 2021 11:46AM EDT

LHC Group Announces Partnership With UL-Lafayette Nursing And Allied Health Program

LHC Group, Inc. (NASDAQ:LHCG), in cooperation with the University of Louisiana at Lafayette, today announced it is investing $20 million in the College of Nursing and Allied Health Professions to be paid over 10 years.

Advancing employee education is one of the most strategic differentiators for employee recruitment and retention.

LHC Group's leadership and board of directors agree that this partnership will help secure and enrich the future of healthcare, while also improving the company's national name recognition and furthering its advertising and awareness campaigns -- allowing the healthcare provider to reach more nursing students and potential team members in an increasingly competitive recruiting market.

"This is a strategic investment in our future, particularly that of our LHC Group family of healthcare providers -- our greatest asset and most important resource," said Keith Myers, LHC Group chairman and CEO. "Advancing employee education is one of the strongest and most strategic differentiators for employee recruitment and retention. Our partnership with UL Lafayette will provide for both in-person and virtual degree programs -- including various nursing programs and eventually more than 55 degree offerings across all schools and programs of the university -- at a greatly reduced cost to all current and future full-time and part-time LHC Group employees throughout the country over the next several decades. Additional benefits will include post-acute care certifications at the graduate level and adjunct professorships for LHC Group team members.