RBC Capital Upgrades Almost Family (AFAM) to Outperform

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Go back to RBC Capital Upgrades Almost Family (AFAM) to Outperform

Almost Family (AFAM) to Acquire Controlling Interest in Community Health (CYH) Home Health and Hospice Unit for $128M

October 17, 2016 7:03 AM EDT

Almost Family, Inc. (Nasdaq: AFAM) signed a definitive agreement to acquire a controlling interest in the entity holding the home health and hospice assets of Community Health Systems, Inc. (NYSE: CYH) (CHS) (referred to herein as CHS Home Health, pertaining solely to the home health and hospice business of CHS). CHS Home Health, a provider of skilled home health and hospice services, currently operates 74 home health and 15 hospice branch locations in 22 states. With the completion of this transaction, Almost Family will operate 340 branches across 26 states and its... More