Cressey & Co. and EHHI Holdings Close $750 Million Sale of Encompass Home Health and Hospice to HealthSouth
Ropes & Gray represented Cressey & Co. LP and its portfolio company, EHHI Holdings, Inc., in the sale of EHHI to HealthSouth Corporation for approximately $750 million. EHHI is the owner of Dallas, Texas-based Encompass Home Health and Hospice, a leading provider of Medicare-focused, skilled home health services in the United States. Cressey originally invested in EHHI in 2007. The transaction was announced November 24, 2014 and closed on December 31, 2014.The Ropes & Gray team included private equity partner Neill Jakobe (Chicago), health care partner Deborah Gersh (Chicago), tax partner Aaron Harsh (Boston), private equity partner Howard Glazer (San Francisco), labor & employment partner Peter Ebb (Boston), and private equity associate Timothy Castelli (Chicago).