The transaction, which has been approved by both companies’ boards of directors, is subject to regulatory approvals and is expected to close before the end of the year.
“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,” said Jay Grinney, president and CEO of HealthSouth. “Today we are very pleased to announce the acquisition of a company we believe fits these requirements.”
Encompass provides Medicare-focused home health services across 13 states.
More articles on healthcare industry transactions:
6 recent hospital transactions and partnerships
Prime Healthcare shows no sign of slowing down: 6 recent transactions
EvergreenHealth and Valley General Hospital commissioners approve final phase of alliance agreement
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
