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.
BJC HealthCare and Encompass Health (NYSE: EHC) have opened The Rehabilitation Institute of Southern Illinois, a 40-bed inpatient rehabilitation hospital located in Shiloh, Illinois. This facility features private patient rooms and advanced rehabilitation technologies, serving patients recovering from conditions like strokes and spinal cord injuries. Encompass Health's new hospital is its 146th and strengthens its presence in Illinois, where two more hospitals are planned for 2022. The partnership is lauded for enhancing local healthcare options for residents.
Encompass Health Corporation (NYSE: EHC) announced the redemption of its remaining $100 million of 5.125% senior notes due 2023, effective March 15, 2022. The company plans to fund this redemption using cash reserves and its revolving credit facility. This transaction will result in an estimated $0.3 million loss on early extinguishment of debt in Q1 2022. Encompass Health operates 145 hospitals and various health service locations across the U.S., recognized for its integrated healthcare approach.
Encompass Health Corp. (NYSE: EHC) will participate in the SVB Leerink 11th Annual Virtual Global Healthcare Conference from February 14-18, 2022. The presentation will be made by President and CEO Mark Tarr on February 16, 2022, at 11:20 a.m. ET. Interested parties can access the live webcast through their investor relations website. Encompass Health is a leader in integrated healthcare services, operating 145 hospitals and 251 home health locations across the U.S. and Puerto Rico.
Encompass Health Corporation (EHC) reported strong financial results for Q4 and the full year ended December 31, 2021, highlighting an 8.6% increase in net operating revenues to $1.319 billion, and a 5.8% rise in income from continuing operations per diluted share to $0.91. Adjusted EBITDA rose by 5.3% to $252.7 million. Despite challenges, revenue growth was attributed to high discharge rates and favorable pricing in inpatient rehabilitation. The company announced plans to spin off its home health and hospice business in 2022, expected to be tax-free for shareholders.
Encompass Health Corp. (NYSE: EHC) has expanded its joint venture with Baptist Health South Florida to include the Baptist Health home health agency in Miami. The transaction closed in December 2021, aiming to enhance access to quality home health care in Miami-Dade and Monroe counties. This partnership leverages Encompass Health's position as a leading home health provider and Baptist Health's extensive healthcare network. Encompass Health ranks as the fourth largest provider of Medicare-certified skilled home health services in the U.S. based on 2020 Medicare reimbursements.
Encompass Health Corporation (NYSE: EHC) announced on January 25, 2022, that it secured required consents from holders of its 4.500% Senior Notes due 2028, 4.750% Senior Notes due 2030, and 4.625% Senior Notes due 2031 for proposed amendments. The solicitation expired on January 24, 2022. A supplemental indenture was executed at the Consent Effective Time, becoming binding on all Notes holders. However, the Proposed Amendments will only take effect upon the Company's payment of a second consent payment. Citigroup and Goldman Sachs acted as solicitation agents for the consent process.
Encompass Health Corporation (EHC) announced amendments to its consent solicitation for holders of 4.500% Senior Notes due 2028, 4.750% Senior Notes due 2030, and 4.625% Senior Notes due 2031. The amendments will increase aggregate consent payments to $16 million for the 2028 and 2030 Notes, and $8 million for the 2031 Notes. The consent solicitation will expire on January 24, 2022, at 5:00 p.m. New York City time. Holders should review the full statement regarding potential tax implications and consult their advisors. The company retains the right to modify or terminate the solicitation.
Encompass Health Corporation (NYSE: EHC) announced its plan to spin off its home health and hospice business, creating an independent publicly traded entity called Enhabit Home Health & Hospice. This separation aims to enhance operational flexibility and focus for both businesses. Expected to be tax-free for shareholders, the spin-off will occur in the first half of 2022, pending certain regulatory approvals. This move aims to enable each company to better align its capital structure and investment policies with its specific operational needs.
Encompass Health Corporation (NYSE: EHC) announced an amendment to its consent solicitation for holders of its Senior Notes due 2028, 2030, and 2031. The company will offer aggregate consent payments totaling $30 million—$12 million for each of the 2028 and 2030 Notes, and $6 million for the 2031 Notes. The deadline for investors to respond is set for 5:00 p.m. New York City time on January 24, 2022. The company has made clarifications to its restricted payments basket under the indenture and retains the right to modify or terminate the solicitation at any time.
FAQ
What is the current stock price of Encompass Health (EHC)?
What is the market cap of Encompass Health (EHC)?
