Encompass Health Corp. agreed to buy privately owned home healthcare and hospice services provider Camellia Healthcare along with affiliated entities for an undisclosed sum.
The deal is expected to close in the second quarter of 2018, subject to regulatory approval.
The Birmingham, Ala.-based company expects to fund the transaction with cash on hand and borrowings under its revolving credit facility.
Encompass Health said the deal will strengthen its geographic presence in the U.S. Southeast.
