M&A Deal Summary

Encompass Health Acquires CareSouth Health System - Home Health and Hospice Agency Operations

On November 2, 2015, Encompass Health acquired healthcare services company CareSouth Health System - Home Health and Hospice Agency Operations from Caresouth Homecare Professionals for 170M USD

Acquisition Highlights
  • This is Encompass Health’s 6th transaction in the Healthcare Services sector.
  • This is Encompass Health’s 3rd largest (disclosed) transaction.
  • This is Encompass Health’s 6th transaction in the United States.

M&A Deal Summary

Date 2015-11-02
Target CareSouth Health System - Home Health and Hospice Agency Operations
Sector Healthcare Services
Buyer(s) Encompass Health
Sellers(s) Caresouth Homecare Professionals
Deal Type Divestiture
Deal Value 170M USD

Target

CareSouth Health System - Home Health and Hospice Agency Operations

United States
CareSouth Health System - Home Health and Hospice Agency Operations is a provider of healthcare services.

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Buyer(S) 1

Buyer

Encompass Health

Birmingham, Alabama, United States

Category Company
Founded 1983
Sector Healthcare Services
Employees27,209
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to HealthSouth's corporate headquarters in Birmingham, Alabama.
Entrance to HealthSouth's corporate headquarters in Birmingham, Alabama.

Encompass Health is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. Encompass Health was incorporated in 1983 and is headquartered in Birmingham, Alabama.


DEAL STATS #
Overall 6 of 9
Sector (Healthcare Services) 6 of 9
Type (Divestiture) 1 of 2
Country (United States) 6 of 9
Year (2015) 4 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Caresouth Homecare Professionals

Augusta, Georgia, United States

CareSouth Health System, Inc. is a provider of home health care services. Headquartered in Augusta, Georgia, the company operates Medicare-certified home health agencies with 35 locations in the states of Alabama, California, Florida, Georgia, North Carolina, Tennessee, and Texas. CareSouth is committed to building and maintaining more trust from those it serves, producing more results with superior clinical outcomes and saving more time through outstanding customer service to its patients, their families and its referral sources. CareSouth Health System, Inc. was founded in 1995 and is based in Augusta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 HealthSouth Rehabilitation Hospital of Beaumont

Beaumont, Texas, United States

HealthSouth Rehabilitation Hospital of Beaumont is an inpatient rehabilitation hospital that offers comprehensive inpatient and outpatient rehabilitation services designed to return patients to leading active and independent lives.

Sell -

Seller(S) 1

SELLER

Caresouth Homecare Professionals

Augusta, Georgia, United States

Category Company
Founded 1995
Sector Healthcare Services
DESCRIPTION

CareSouth Health System, Inc. is a provider of home health care services. Headquartered in Augusta, Georgia, the company operates Medicare-certified home health agencies with 35 locations in the states of Alabama, California, Florida, Georgia, North Carolina, Tennessee, and Texas. CareSouth is committed to building and maintaining more trust from those it serves, producing more results with superior clinical outcomes and saving more time through outstanding customer service to its patients, their families and its referral sources. CareSouth Health System, Inc. was founded in 1995 and is based in Augusta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-08 AllianceCare

Boynton Beach, Florida, United States

AllianceCare is a provider of home-based health services to elderly patients

Buy -