Encompass Home Health, Hospice CEO April Anthony to Step Down in June

April Anthony, CEO of Home Health and Hospice at Encompass Health Corp. (NYSE: EHC) will be stepping down in mid-June of this year. The move comes at a time when the company is considering a repositioning of its home health and hospice business, including a potential spin off or sale. Anthony founded Encompass Home Health […]

Encompass to Reposition Hospice, Home Health Business, Considering Spin Off

Encompass Health (NYSE: EHC) is considering a strategic repositioning of its business lines that could lead to a spin off of their home health and hospice services to a new, separate company. Other options under consideration include a potential merger, sale, initial public offering or other transaction. Encompass provides both facility-based and home-based patient care […]

The Ensign Group Completes Pennant Group Spin-Off

The Ensign Group (NASDAQ: ENSG) has completed the spin-off of The Pennant Group Inc., (NASDAQ: ENSG), which separates Ensign’s home health and hospice segments from its skilled nursing, rehabilitation care services, senior living and other holdings. As part of the spin off, Ensign’s stockholders were given one share of Pennant common stock for every two […]

Addus Completes $130 Million Purchase of Hospice Partners of America

Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]

The Ensign Group Acquires Agape Hospice & Palliative Care

Cornerstone Healthcare, Inc., the hospice and home health subsidiary of The Ensign Group, Inc. (NASDAQ: ENSG), has acquired the assets of Tucson, Ariz.-based Agape Hospice and Palliative Care. Financial terms were not disclosed.  Agape will not rebrand as a result of this transaction and will retain staff and management. The hospice will become part of […]