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Encompass Health announces definitive agreement to acquire assets of Frontier Home Health and Hospice


Encompass Health announces definitive agreement to acquire assets of Frontier Home Health and Hospice
Apr 29, 2021 1:45 PM ET
Legal Newswire POWERED BY LAW.COM
 Encompass Health Corp., a national leader in post-acute care, today announced it has entered into a definitive agreement to purchase the home health and hospice assets of Frontier Home Health and Hospice in Alaska, Colorado, Montana, Washington and Wyoming.
The transaction is expected to close in the second quarter of 2021, subject to certain customary closing conditions and regulatory approval. At closing, nine home health and 11 hospice locations will become part of an Encompass Health national network of more than 340 home health and hospice locations. These Frontier locations generated revenues of approximately $36 million in 2020. Encompass Health expects to fund the transaction with cash on hand and borrowings under its revolving credit facility. ....

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