The transaction is expected to close at the time of the 2021 quarter, subject to secure standard final situations and regulatory approval. At the close, nine home care services and 11 hospices will be part of a national Encompass Health network of more than 340 home care services and palliative care services. These Frontier sites generated revenue of approximately $36 million in 2020. Encompass Health plans to finance the transaction with money and loans from its renewable line of credit.
In addition to being the largest owner and operator of inpatient rehabilitation hospitals, Health Encompass is the fourth largest provider of Medicare-certified home health services in the country and one of the 10 largest palliative care providers in the country. serves new markets in Alaska, Montana and Washington, and expands its existing presence in Colorado and Wyoming.