Encompass Health Corporation acquires Reliant Hospital Partners, LLC (and affiliated entities)

Encompass Health Corporation acquired Reliant Hospital Partners, LLC (and affiliated entities) for ~$730 million, a transaction announced in October 2015.

Acquired the operations of 11 inpatient rehabilitation hospitals (902 beds) in Texas, Massachusetts and Ohio, expanding HealthSouth's free-standing IRF portfolio to 120 and adding geographic coverage in Houston, Dallas-Fort Worth, Austin and Greater Boston. Announced 2015-06-11; the FY2015 10-K confirms ~$730 million cash consideration at the October 1, 2015 closing.

Acquired the operations of 11 inpatient rehabilitation hospitals (902 beds) in Texas, Massachusetts and Ohio, expanding HealthSouth's free-standing IRF portfolio to 120 and adding geographic coverage in Houston, Dallas-Fort Worth, Austin and Greater Boston. Announced 2015-06-11; the FY2015 10-K confirms ~$730 million cash consideration at the October 1, 2015 closing.

The acquisition of the operations of Reliant augments HealthSouth's current position as a leading provider of post-acute rehabilitation services. With this acquisition, HealthSouth is able to offer comprehensive, high-quality and cost-effective facility-based and home-based care across new and existing service areas.

Advisory firms were not disclosed for this transaction.

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