Company Overview

A leading home-based care provider with 34 offices that offer hospice, home health and private duty services in Alabama, Louisiana, Mississippi and Tennessee.

Encompass Health (NYSE: EHC) offers both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. Encompass’ national footprint spans 128 hospitals and 268 home health & hospice locations in 36 states and Puerto Rico.

Situational Overview

Camellia had been a family-owned and operated business for over 40 years and had grown to become a regional leader with operations in four states.

With valuations in the sector improving, BCA was asked to evaluate strategic alternatives, which included selling all or parts of the Company in a 100% or majority sale.

Based on extensive valuation analysis, Camellia and BCA believed selling the entire Company would yield the greatest buyer interest and maximize shareholder value.

BCA Strategy

BCA designed a competitive process that included strategic and financial buyers and articulated Camellia’s unique market position of being a multi-state platform with three growing lines of business.

BCA created offering materials that highlighted the Company’s strong clinical and compliance record as well as its strategic position in difficult to penetrate CON states in the Southeast.

Transaction Result

Camellia received several attractive offers from participants that wanted to truncate an intensely competitive process and go exclusive.

One buyer was granted limited exclusivity to complete a quality of earnings review and draft of a purchase agreement.

Camellia successfully completed its sale to Encompass Health, maximizing value for shareholders and creating a positive outcome for employees.

Sell-Side Advisory to

“Brentwood Capital Advisors has been a highly valued and trusted advisor to our company for many years, serving instrumental roles in arranging the capital that allowed us to grow and in this last transaction advising on the sale of our family’s business. We truly value the timely, sound and objective advice and the day-to-day involvement provided by BCA’s senior investment bankers throughout every step of our sale of process. BCA’s team did a great job designing and executing on a sale strategy that fostered competitive tension throughout the process and closing a transaction that resulted in the highest value for or our shareholders and best outcome for our employees and patients.”
- Abb Payne
CEO, Camellia Healthcare