Home Health & Hospice Week
Rehab Facility Chain Buys 5th Largest HH Company
Inpatient rehab facility chain Health-South Corp. has agreed to buy the parent of Encompass Home Health and Hospice, for about $750 million, the Birmingham, Ala., company says in a release.
Dallas-based Encompass is the fifth largest provider of Medicare-focused, skilled home health services in the U.S., HealthSouth says. It operates in 140 locations across 13 states, with about 5,000 employees making more than 2.1 million patient visits annually. HealthSouth will buy Encompass from private investment firm Cressey & Co.
“Bringing these two companies together positions us to be highly competitive in the evolving healthcare delivery system by offering both facility-based as well as home-based post-acute services on a comprehensive, coordinated basis,” HealthSouth CEO Jay Grinney says in the release.
Home Health & Hospice Week
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Rehab Facility Chain Buys 5th Largest HH Company
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