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Campaigns / Spruce Point Capital → LHC Group, Inc.
Spruce Point Capital vs. LHC Group, Inc.

LHC Group, Inc. · LHCG

1 deck published between 2020-01-15 and 2020-01-15 — 41 pages, 41 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2020-01-15 initial thesis

    2020 01 64e7a31e0dc5c75e82d6cbb2_lhcg_research_thesis_01 15 2020

    41pp · full_deck

    LHCG's 20.6x EBITDA multiple rests on phantom organic growth — excluding the failing Almost Family acquisition inflates growth ~500 bps, masking sub-2% reality and 35-65% downside to $60-$90.