Acquisitions Boost Encompass’ Hospice Revenue Nearly 69%

Encompass Health Corp.’s (NYSE: EHC) hospice component grew net operating revenues nearly 69 percent between the first quarter of 2018 and Q1 2019, propelled by acquisitions and a rise in same-store admissions. Revenue for Encompass’ hospice business—included in its Encompass Health-Home Health & Hospice segment—rose to $34.4 million in Q1 2019, up from $20.4 million […]

Encompass Health Agrees to Purchase Alacare for $217.5 Million

Encompass Health Corp. (NYSE: EHC) has entered into a definitive agreement to purchase all of the assets of privately owned Alacare Home Health & Hospice for $217.5 million. With this acquisition, Encompass Health will become the 10th largest U.S. hospice provider, based on Medicare reimbursements. EBITDA multiples were not disclosed. Birmingham, Ala.-based Alacare operates 23 […]