Encompass Health to use revolver borrowings to acquire Camellia

By Marisa Wong

Morgantown, W.Va., March 15 – Encompass Health Corp. said is expects to use borrowings under its revolving credit facility, along with cash on hand, to help fund its planned acquisition of Camellia Healthcare.

The transaction is expected to close in the second quarter, subject to regulatory approval.

Birmingham, Ala.-based Encompass offers facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. Camellia provides home health care, hospice and private duty services and is based in Hattiesburg, Miss.

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