/PRNewswire/ Encompass Health Corporation (NYSE: EHC) today announced the appointment of Kevin J. O Connor to the Encompass Health Board of Directors. In.
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Encompass Health may spin off home health, hospice business
Updated Dec 10, 2020;
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Birmingham’s Encompass Health is looking at a full or partial separation of its home health and hospice business.
In an announcement, the company said any action could take several forms, including an initial public offering, spin-off, merger, sale or other transactions. Citi and Wachtell, Lipton, Rosen and Katz are advising the Company in connection with what it is calling a strategic review.
Encompass Health’s board of directors said it was announcing the process as it “proceeds with a more formalized process.”
In the announcement, the company said it has no timetable for the completion of the strategic review, and it does not intend to disclose further developments until the board approves a specific transaction or action or concludes its strategic review.