Hospital operator HealthSouth Corp said on Monday it bought privately held EHHI Holdings Inc, which owns Encompass Home Health and Hospice, for about $750 million to expand its home health business. HealthSouth bought Encompass from healthcare-focused private investment firm Cressey & Company LP.The acquisition is the latest in a string of deals in the home and health hospice sector. Kindred Healthcare Inc bought Gentiva Health Services Inc last month for $1.8 billion in a cash-and-stock transaction.J.P. Morgan Securities LLC acted as exclusive financial adviser to HealthSouth, while Skadden, Arps, Slate, Meagher & Flom LLP acted as legal adviser to HealthSouth.
Gentiva Health Services, Inc. (Gentiva) is engaged in providing home health services and hospice services. Shares of GTIV remained unchanged at $19.56. In the past year, the shares have traded as low as $7.35 and as high as $19.90. On average, 430360 shares of GTIV exchange hands on a given day and today's volume is recorded at 0.
HealthSouth Corporation (HealthSouth), is an owner and operator of inpatient rehabilitation hospitals. Shares of HLS remained unchanged at $38.25. In the past year, the shares have traded as low as $29.82 and as high as $42.41. On average, 425968 shares of HLS exchange hands on a given day and today's volume is recorded at 0.
Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. Shares of KND remained unchanged at $20.66. In the past year, the shares have traded as low as $16.19 and as high as $26.81. On average, 1059080 shares of KND exchange hands on a given day and today's volume is recorded at 0.
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