HealthSouth Expands its Rehabilitation Footprint

All of the Reliant hospitals are leased, and HealthSouth will assume the lease obligations of all the acquired hospitals.

This is the second big acquisition for HealthSouth in Texas within eight months; in November 2014, the company purchased Encompass Home Health and Hospice (EHHH; Dallas, TX, USA) for USD 750 million, in a bid to strengthen its home health division by adding 140 locations in 13 states. The deal also offers the potential for collaboration opportunities between Reliant and EHHH, since the two companies have significant geographic overlap, particularly in Texas.

“The acquisition of the operations of Reliant Hospital Partners furthers HealthSouth's position as a leading provider of post-acute services,” said Jay Grinney, President and CEO of HealthSouth "Reliant's portfolio of high-quality inpatient rehabilitation hospitals complements our networks in the highly competitive Houston, Dallas-Fort Worth and Austin markets.”

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