Encompass Health continues to build out its Florida presence.
Encompass Health and Baptist Health South Florida are expanding a joint venture agreement to include the Baptist Health home health agency in Miami. The transaction is expected to close in the fourth quarter of 2021 and is subject to certain customary closing conditions and regulatory approvals.
The joint venture expansion will add Encompass Health's home health services to Miami-Dade and Monroe counties and will complement 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.
"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."