Alacare Home Health & Hospice has Been Acquired by Encompass Health Corp. (NYSE: EHC)

July 11, 2019

Alacare Home Health & Hospice (“Alacare” or “the Company”), a leading provider of home health and hospice services with 23 locations across the Certificate of Need (CON) state of Alabama, has been acquired by Encompass Health Corp. (NYSE: EHC), for total cash consideration of $217.5 million. The previously announced transaction closed effective July 1, 2019.

Cain Brothers, a division of KeyBanc Capital Markets (“Cain Brothers”) served as Alacare’s exclusive financial advisor in connection with the transaction. This marks Cain Brothers’ seventh sell-side M&A transaction in the last three years in home health, hospice and community-based services, continuing its momentum in advising the leading providers and investors in the sector.

Founded in 1970, Birmingham-based Alacare Home Health and Hospice is Alabama’s oldest family-owned home health and hospice provider with 23 locations serving over 25,000 patients annually.  In 2018, the company generated revenue of approximately $117 million.

Birmingham, AL-based Encompass Health Corp. (NYSE: EHC) is a national leader in integrated healthcare services and offers both facility-based and home-based patient care through its network of 130 inpatient rehabilitation hospitals, 220 home health and 58 hospice locations across 36 states and Puerto Rico.

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