Encompass Health plans to spin off its home health care and hospice business into a separate state-owned company known as Enhabit Home Health and Hospice, the company announced on Wednesday.
Birmingham, Alabama-based Encompass Health plans to complete the spin-off in the first half of 2022 and begin rebranding its home healthcare and hospice segment in April, the company said. news release.
Encompass Health’s board of directors said the separation of inpatient rehabilitation into home health and hospice businesses will allow them to be more flexible, focused and better responsive to the market.
Encompass Health first announced its plans to separate the home healthcare and hospice segments through an initial public offering, spin-off or merger in December 2020.
The company operates 145 hospitals, 251 home health centers and 96 hospices in the United States and Puerto Rico.