March 15, 2018

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Camellia Healthcare

Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Camellia Healthcare (“Camellia” or the “Company”), which recently entered into a definitive agreement to be acquired by Encompass Health Corporation (“Encompass”). The transaction was approved by both companies’ boards of directors and is expected to close in the second quarter of 2018, subject to customary closing conditions.

Headquartered in Hattiesburg, Mississippi, Camellia is one of the largest, independent home-based care providers in the Southeast that offers best-in-class hospice, home health and private duty services. The Company’s 34 offices serve over 2,800 patients across 155 counties throughout Alabama, Louisiana, Mississippi and Tennessee. The Camellia acquisition allows Encompass to leverage its home health and hospice operating platform across previously unserved regions and strengthen its geographic presence in the southeastern United States.

“Choosing the right partner to take our family-owned business to new heights was an extremely important decision. We are honored to be joining the Encompass team and are confident that they will continue the legacy of high-quality patient care in the communities we serve,” said Abb Payne, CEO of Camellia Healthcare. “Brentwood Capital Advisors played a critical role in positioning the scarcity value of the Camellia platform and structured a highly competitive process that yielded the best result for our shareholders, employees and patients.”

“Camellia’s longstanding track record of best-in-class clinical care and strong market share in the southeastern United States presented a highly attractive opportunity to buyers,” added L.A. Galyon, Managing Director at Brentwood Capital Advisors. “Home health and hospice represents a growing segment of BCA’s healthcare services sector coverage, and we were pleased to work with Abb Payne and his management team again. Camellia represents an important transaction in building upon BCA’s recent success, which includes 14 closed healthcare transactions since 2017.”

About Camellia Healthcare
Formed in 1974 by W.A. Payne, Camellia Healthcare is an award-winning, Medicare-certified, state-licensed provider of hospice, home health, and private duty services. Founded and headquartered in Hattiesburg, Mississippi, Camellia employs approximately 1,100 professionals, who provide a broad range of high-quality, post-acute care services across 34 offices in Mississippi, Alabama, Louisiana and Tennessee. For more information, please visit www.camellia.com.

About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors is one of the South’s leading boutique investment banks, providing mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 90 successfully closed transactions totaling approximately $5.8 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 19 investment banking professionals. For more information, please visit www.brentwoodcapital.com.