Alacare: Two Birmingham companies involved in major M&A deal

Encompass Health Corp. will continue its growth with the acquisition of a fellow Birmingham-based company. Encompass plans to acquire Alacare Home Health & Hospice - a company that ranks among Birmingham's largest women-owned businesses and largest private companies. Financial terms of the deal were not disclosed, but Encompass said it would fund the purchase with cash on hand and borrowings under its revolving credit facility. The deal will further expand the reach of Encompass' growing hospice...