Encompass Health Corporation acquired EHHI Holdings, Inc. (Encompass Home Health and Hospice) for ~$750 million, a transaction announced in December 2014.
HealthSouth's entry into the home-health sector, acquiring the nation's fifth-largest Medicare-focused skilled home-health provider (140 locations in 13 states) to complement its inpatient-rehabilitation leadership and consolidate the fragmented home-health market. Announced 2014-11-24 at ~$750M; the FY2015 10-K reports cash consideration of ~$695.5 million delivered at the December 31, 2014 closing.
HealthSouth's entry into the home-health sector, acquiring the nation's fifth-largest Medicare-focused skilled home-health provider (140 locations in 13 states) to complement its inpatient-rehabilitation leadership and consolidate the fragmented home-health market. Announced 2014-11-24 at ~$750M; the FY2015 10-K reports cash consideration of ~$695.5 million delivered at the December 31, 2014 closing.
One of our stated strategic objectives has been to expand into home health, assuming we were able to acquire a high-quality, scalable asset that was capable of consolidating the highly fragmented home health industry. Today we are very pleased to announce the acquisition of the company we believe fits these requirements.
Advisory firms were not disclosed for this transaction.