HealthSouth To Acquire Encompass Home Health And Hospice In $750 Mln Deal

November 24, 2014 1:40 PM

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Hospitals operator HealthSouth Corp. (HLS: Quote) agreed Monday to acquire privately-held EHHI Holdings, Inc., which owns Encompass Home Health and Hospice, for about $750 million. The deal, approved by the boards of directors of both companies, is expected to close before the end of 2014.

"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 f...

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