AVAH - Encompass Health said to get interest for home health/hospice business

Encompass Health (NYSE:EHC) is said to have received interest for  its home health and hospice unit. PE firms Advent International and companies including Aveanna Healthcare (NASDAQ:AVAH) have show some interest in acquiring the home health and hospice business, according to a Reuters report on Friday. The Enhabit Home Health & Hospice unit may be worth as much as $3B in a sale. The report comes after Encompass late last month said that while it still plans to spin off the home health and hospice business, it would also consider a sale or merger of the unit. EHC first announced in late October that it expected a partial or full separation of the business into an independent public company via a carve-out IPO, spin-off, or split-off in the first half of 2022. Aveanna , which has a market cap of about $745M, would likely need financing from top shareholders, including Bain Capital, according to the Reuters

For further details see:

Encompass Health said to get interest for home health/hospice business