Welcome to our dedicated page for Encompass Health news (Ticker: EHC), a resource for investors and traders seeking the latest updates and insights on Encompass Health stock.
Encompass Health Corp (EHC) operates one of the nation's largest networks of inpatient rehabilitation hospitals, offering post-acute care through advanced therapies and home health services. This page aggregates official press releases and verified news about the company's financial performance, operational developments, and healthcare innovations.
Investors and stakeholders will find timely updates on earnings reports, strategic partnerships, and regulatory compliance matters. Content spans facility expansions, technology implementations like DesignManufactureConstruct™, and service enhancements across rehabilitation and hospice care.
All materials are curated to provide a comprehensive view of EHC's market position without speculative commentary. Bookmark this page for direct access to primary sources about the company's progress in delivering coordinated, patient-centered care nationwide.
Altru and Encompass Health (EHC) have opened the Altru Rehabilitation Hospital in Grand Forks, North Dakota. This 37-bed facility, which is an expansion from a previous 23-bed unit, features private rooms, advanced therapy technologies, and is expected to grow to 40 beds soon. The hospital will cater to patients recovering from serious injuries and illnesses, offering comprehensive nursing and therapy services. This hospital marks Encompass Health's first location in North Dakota and reflects a commitment to high-quality rehabilitative care in the region.
Encompass Health Corporation (NYSE: EHC) reported Q2 2022 results reflecting a 3.3% increase in net operating revenues to $1,330.5 million. However, income per share from continuing operations dropped 56.6% to $0.49. Discharge growth was 4.9%, complementing an 18.7% growth in Q2 2021. The company faced staffing challenges impacting Adjusted EBITDA, which decreased by 13.9% to $240.2 million. Despite this, full-year 2022 guidance remains intact, expecting net revenues between $4,250 million and $4,300 million.
On July 20, 2022, Encompass Health Corporation (NYSE: EHC) announced a quarterly cash dividend of $0.15 per share, payable on October 17, 2022, to shareholders on record by October 3, 2022. This dividend follows the recent spin-off of Enhabit Home Health & Hospice and underscores the company's commitment to expanding its rehabilitation services, with plans to open 9 new rehabilitation hospitals this year and a similar number in 2023.
Encompass Health Corp. (NYSE: EHC) and BJC HealthCare have received a certificate of need to establish a freestanding 40-bed inpatient rehabilitation hospital in Town and Country, Missouri, anticipated to open in 2024. This facility will be a satellite of The Rehabilitation Institute of St. Louis and will relocate BJC's existing rehabilitation unit. The new hospital aims to enhance rehabilitation services, offering various therapies and round-the-clock nursing care to patients recovering from serious conditions.
Encompass Health Corp. (NYSE: EHC) will release its second quarter results for the period ended June 30, 2022, on August 1, 2022, after market close. An investor conference call is scheduled for August 2, 2022, at 10 a.m. ET to discuss the results. The call can be accessed by dialing 866-342-8591 for domestic callers and 203-518-9713 for international callers. Encompass Health is the largest operator of rehabilitation hospitals in the U.S., with 150 hospitals across 35 states and Puerto Rico.
Encompass Health Corporation has successfully completed the spin-off of its home health and hospice business, Enhabit, Inc., as of July 1, 2022. Each Encompass Health stockholder received one share of Enhabit common stock for every two shares held by the close of business on June 24, 2022. This transaction is structured to be tax-free for shareholders, except for cash received for fractional shares. Enhabit will begin trading on the NYSE under the symbol 'EHAB,' while Encompass Health continues to trade under 'EHC.'
Encompass Health Corp. (NYSE: EHC) and NCH Healthcare System are forming a joint venture to create a 50-bed inpatient rehabilitation hospital in Naples, Florida, set to open in August 2022. This new facility will enhance rehabilitation services in the region by relocating NCH's existing 54-bed rehabilitation unit there. Both organizations emphasize their commitment to patient care, with Encompass Health being a leading provider of rehabilitation services and NCH known for quality healthcare in Collier County. The partnership aims to improve patient outcomes and expand service offerings.
Encompass Health Corporation (EHC) declared a distribution of all outstanding shares of its subsidiary, Enhabit, Inc., to its stockholders. The record date for this spin-off is June 24, 2022, with the distribution expected to complete on July 1, 2022. Stockholders will receive one share of Enhabit common stock for every two shares of Encompass Health held. The transaction is intended to be tax-free for U.S. federal income tax purposes, except for cash received for fractional shares. Encompass Health will continue to trade under the ticker EHC, while Enhabit will trade as EHAB.
Encompass Health Corporation (NYSE: EHC) announced separate full-year 2022 guidance for its inpatient rehabilitation business and its home health and hospice business (Enhabit). The company plans to spin off Enhabit on July 1, 2022, subject to regulatory approvals. Updated guidance includes consolidated net operating revenues of $5,330 to $5,420 million, adjusted EBITDA of $1,005 to $1,045 million, and adjusted earnings per share from continuing operations of $3.76 to $4.05. Key factors include Medicare pricing adjustments and anticipated operational improvements in the second half of 2022.
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