- HealthSouth (HLS) climbed 5.2% today as investors liked its $750M purchase of the owner of Encompass Home Health, expanding its own home health business with another 140 locations across 13 states, while also saying further healthcare acquisitions may be likely in the future.
- The acquisition will allow patients who are being discharged from HLS hospitals to continue their rehabilitation at home, under the care of Encompass; many of these older patients currently enter skilled nursing facilities to rehabilitate from injuries, strokes or other health episodes.
- The deal allows HLS to expand into a separate post-acute care vertical with a leading provider to participate in the coming bundled payments system Medicare and Medicaid plans on implementing, according to Obsidian Research.