HCA buying majority of Brookdale home health unit

HCA Healthcare executives have agreed to pay $400 million for 80 percent of Brookdale Health Care Services, the Brentwood-based company’s home health and outpatient therapy division.

Brookdale Health Care Services is the country’s seventh-largest home health business, comprising 57 home health agencies and 22 hospice agencies in 26 states as well as 84 outpatient therapy locations. A lot of those locations overlap nicely with key HCA markets in Texas, Florida, California and the Midwest. Stung by the COVID-19 pandemic, the group last year produced an operating profit of $1.9 million on $367 million in revenues. In 2019, those numbers were $25.0 million and $447 million, respectively.