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 Corporation (NYSE: EHC) is the largest owner and operator of inpatient rehabilitation hospitals in the United States, and its news flow reflects ongoing activity across a broad national network. Company announcements frequently highlight new hospital openings, expansion into additional states and joint venture projects with regional health systems.
Recent news releases describe the opening of freestanding inpatient rehabilitation hospitals in markets such as Lake Worth and St. Petersburg in Florida, Amarillo in Texas and Danbury in Connecticut. These hospitals provide intensive physical, occupational and speech therapy, frequent physician visits and 24-hour nursing care for patients recovering from strokes, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. News items often detail facility features such as private rooms, therapy gyms with advanced rehabilitation technologies, activities of daily living suites, in-house dialysis suites and therapy courtyards.
Encompass Health’s news also covers development plans and partnerships, including joint venture hospitals with organizations like Vanderbilt Health and BSA Health System. These stories explain how new inpatient rehabilitation hospitals are intended to complement existing acute care services and expand access to hospital-level rehabilitative care in specific regions.
Investors and observers will also find financial and corporate updates in the company’s news, such as quarterly earnings results, guidance updates and dividend declarations. The company issues press releases summarizing its operating results, non-GAAP measures like Adjusted EBITDA and adjusted earnings per share, and information about investor conference calls and webcasts.
This news page aggregates these various categories of information, allowing readers to follow Encompass Health’s hospital openings, geographic expansion, partnerships, financial disclosures and industry recognitions in one place.
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.
Encompass Health Corp. (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Cape Coral, a state-of-the-art 40-bed inpatient facility in Florida. This hospital features all private patient rooms, advanced rehabilitation technologies, and specialized nursing, therapy, and medical services aimed at helping patients recover from serious conditions like strokes and spinal cord injuries. The Cape Coral facility is the 149th hospital for Encompass Health and the 17th in Florida, with plans for two more hospitals to open in the state later this year.
Encompass Health Corp. (NYSE: EHC) has announced the construction of a new 60-bed inpatient rehabilitation hospital in Houston, Texas. Located at 3000 Yellowstone Boulevard, this facility will support patients recovering from severe illnesses and injuries with 24-hour nursing care and specialized therapies, including physical and occupational therapy. The hospital is set to enhance Encompass Health's existing network of rehabilitation services in Texas and will feature modern amenities like private patient rooms and advanced rehabilitation technologies.
Encompass Health Corp. (NYSE: EHC) will present at the UBS Global Healthcare Conference from May 23-25, 2022, in New York City. The company's President & CEO, Mark Tarr, and CFO, Doug Coltharp, will engage in a fireside chat on May 24, from 9:15-9:55 a.m. ET. Interested parties can access the live webcast here. Encompass Health is a leader in integrated healthcare services, operating nationwide with 148 hospitals and 252 home health locations, delivering high-quality patient care.
Encompass Health (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Lakeland, a 50-bed facility aimed at aiding recovery from serious illnesses and injuries. Located in Lakeland, Florida, it offers specialized care including physical and occupational therapies, 24-hour nursing, and access to advanced technologies. This new hospital is the 148th in Encompass Health's network and enhances care options in the region. The facility is designed to provide patients with a minimum of three hours of therapy each day, fostering independence and functionality.
Encompass Health Corporation (NYSE: EHC) declared a quarterly cash dividend of $0.28 per share, payable on July 20, 2022. The record date for the dividend is July 13, 2022. This adjustment in payment dates accommodates the upcoming spin-off of its Enhabit Home Health and Hospice business, set for July 1, 2022. Encompass Health operates a vast network of healthcare facilities, providing integrated services across the United States, and is recognized for its workplace culture.
Encompass Health (NYSE: EHC) has opened its new Rehabilitation Hospital of Tustin, comprising 65 private patient rooms. Located at 15120 Kensington Park Drive, this facility replaces the previous hospital at 14851 Yorba Street. It provides specialized care for patients recovering from serious conditions including strokes and spinal cord injuries. The hospital offers advanced therapies and has received certification for its stroke rehabilitation program from The Joint Commission. CEO Paula Redmond emphasized the hospital's commitment to enhancing patient recovery and independence.
Encompass Health Corporation (EHC) reported Q1 2022 results, showing net operating revenues of $1,333.6 million, up 8.4% year-over-year. However, income from continuing operations per diluted share fell 18.7% to $0.87. The inpatient rehabilitation segment grew revenues by 10.4%, with same-store discharge growth at 3.8%. Cash flow from operating activities increased by 38.1%. Despite higher costs impacting adjusted EBITDA and staffing challenges, the company remains optimistic about its long-term prospects and has reaffirmed its 2022 guidance.
Encompass Health Corp. (NYSE: EHC) will participate in the BofA Securities 2022 Healthcare Conference in Las Vegas from May 10-12, with a virtual option on May 13. The company’s President and CEO, Mark Tarr, is scheduled to present on May 10 at 3:20 p.m. PT during a fireside chat. The presentation will be streamed live on the company's investor relations website. Encompass Health is recognized as a national leader in integrated healthcare, operating 147 hospitals and providing diverse patient care services across the U.S. and Puerto Rico.
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