Encompass Health, the largest providers of post-acute healthcare services in the US, has completed the acquisition of Mississippi-based health care company Camellia Healthcare and its affiliated entities on May 01.
Camellia operates a portfolio of home health, hospice and private duty locations in Mississippi, Alabama, Louisiana and Tennessee and generated revenues of approximately $78 million in 2017.
The deal was first announced in March 2018. At that time, Encompass said that it expects to fund the transaction with cash on hand and borrowings under its revolving credit facility.
The acquisition enables Alabama-based Encompass to leverage Camellia's home health and hospice operating platform across key certificate of need states and to strengthen its geographic presence in the Southeastern United States.
The transaction also positions Encompass, the country's fourth largest provider of Medicare-certified skilled home health services, as a top 25 provider of hospice services.
"Camellia Healthcare is a widely known and respected name in the homecare industry. We could not be more proud to have the Payne family choose Encompass Health to continue the legacy of high-quality patient care in the communities Camellia Healthcare serves," said April Anthony, chief executive officer of Encompass Health's home health and hospice business.
Encompass Health, Camellia Healthcare, Acquisition, M&A, April Anthony, US