Encompass Health Corporation acquires CareSouth Health System, Inc. (home health agency operations)

Encompass Health Corporation acquired CareSouth Health System, Inc. (home health agency operations) for ~$170 million, a transaction announced in November 2015.

Encompass Home Health acquired CareSouth's 45 home-health locations across 7 states (~$104M 2014 revenue), extending its home-health platform into Alabama, Georgia, North Carolina, South Carolina and Tennessee and overlapping 14 existing HealthSouth inpatient rehabilitation hospitals. Announced 2015-08-31 at a $170M cash price; the FY2015 10-K confirms ~$170 million cash consideration at the November 2, 2015 closing.

Encompass Home Health acquired CareSouth's 45 home-health locations across 7 states (~$104M 2014 revenue), extending its home-health platform into Alabama, Georgia, North Carolina, South Carolina and Tennessee and overlapping 14 existing HealthSouth inpatient rehabilitation hospitals. Announced 2015-08-31 at a $170M cash price; the FY2015 10-K confirms ~$170 million cash consideration at the November 2, 2015 closing.

The CareSouth acquisition enables HealthSouth to leverage the operating platform of Encompass across home health locations in the new markets of Alabama, Georgia, North Carolina, South Carolina, and Tennessee.

Advisory firms were not disclosed for this transaction.

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