Benzinga | Oct 21, 2021 04:34PM EDT

Encompass Health Reports Expansion Of Home Health Joint Venture In Miami With Baptist Health South FLorida

Encompass Health Corp. (NYSE:EHC), a national leader in integrated post-acute healthcare services, and Baptist Health South Florida are pleased to announce the expansion of a joint venture agreement to include the Baptist Health home health agency in Miami, Florida. The transaction is expected to close in the fourth quarter of 2021 and is subject to certain customary closing conditions and regulatory approvals.



"Encompass Health has been a valued home health joint venture partner in Boynton Beach, Florida, with a proven ability to provide high-quality, cost-effective care while avoiding unnecessary hospital readmissions," said Bill Ulbricht, chief operating & administrative officer, clinical enterprise, for Baptist Health. "Their home health operational expertise will enhance the high quality of care provided in the communities we serve in South Florida."

"We are excited about expanding our partnership with Baptist Health South Florida," said Barb Jacobsmeyer, chief executive officer of Encompass Health's home health and hospice business. "As a national provider of home health and hospice services, we look forward to continuing to help Baptist Health South Florida further enhance its mission of improving the health and well-being of individuals and to promote the sanctity and preservation of life, in the communities they serve."

The joint venture expansion will add Encompass Health's home health services to Miami-Dade and Monroe counties, complementing the existing inpatient rehabilitation services in the market. Encompass Health is currently the fourth largest provider of Medicare-certified skilled home health services and a top 10 hospice provider in the country based on Medicare reimbursements.