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Encompass Health Corporation reports developments tied to its role as an operator of inpatient rehabilitation hospitals in the United States. Company news commonly covers hospital openings and capacity additions, rehabilitative care for patients recovering from strokes, neurological disorders, brain and spinal cord injuries, amputations and complex orthopedic conditions, and updates from its national hospital network.
Recurring announcements also include quarterly operating results, same-store discharge trends, net patient revenue per discharge, cash dividends on common stock, investor conference participation and annual stockholder meeting matters. These updates connect Encompass Health's post-acute care model with its hospital expansion activity, patient-volume measures, reimbursement-sensitive revenue trends and public-company governance calendar.
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.
Encompass Health (NYSE: EHC) has opened a new 85-bed inpatient rehabilitation hospital in Huntsville, Alabama, replacing its previous facility. The hospital assists patients recovering from serious illnesses and injuries, offering a range of therapies and care from specialized staff. The facility features private rooms and advanced medical amenities, aiming to enhance patient recovery. It also received certification from The Joint Commission for various rehabilitation programs, confirming its commitment to quality care. This expansion is set to improve access to rehabilitation services for the local community.
Encompass Health Corp. (NYSE: EHC) will host its annual stockholders meeting on May 5, 2022, at 11:00 a.m. CDT in Birmingham, Alabama. Attendees must present valid identification and proof of stock ownership. Reporters are required to pre-register by April 29, 2022. A live audio webcast will be available for those unable to attend, with an archived version accessible later. Encompass Health is a leader in integrated healthcare services, providing facility-based and home-based patient care across 42 states and Puerto Rico.
Encompass Health Corporation (NYSE: EHC) has announced the retirement of five directors and the appointment of Kevin J. O'Connor to its Board of Directors. The retiring directors will leave after the annual stockholders' meeting, reducing the Board to 11 members, 10 of whom are independent. O'Connor brings extensive experience in compliance, regulatory affairs, and risk management, previously serving as the chief legal officer at Carrier Global Corporation. This transition aligns with the company's strategic focus on board refreshment to enhance leadership and support long-term objectives.
Encompass Health Corp. (NYSE: EHC) will report its first-quarter results for the period ending March 31, 2022, after market close on April 27, 2022. An investor conference call is scheduled for April 28, 2022, at 10 a.m. ET to discuss these results. The call can be accessed by dialing 866-342-8591 for U.S. callers, or 203-518-9713 for international participants, using conference ID EHCQ122. A live webcast and replay will be available on the company's investor website.
Encompass Health (NYSE: EHC) has announced the opening of the Encompass Health Rehabilitation Institute of Libertyville, a 60-bed inpatient rehabilitation facility aimed at aiding recovery from severe illnesses and injuries. This facility offers 24-hour nursing care and specialized therapies to improve patients' quality of life. It is the company's 147th hospital and the third in Illinois, reflecting its commitment to providing high-quality healthcare in local communities.
Encompass Health (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of St. Augustine, a new 40-bed facility designed to aid patients recovering from severe illnesses and injuries. Located in St. Augustine, Florida, the hospital features private patient rooms, advanced therapy facilities, and 24-hour nursing care. This marks the company’s 147th hospital nationwide and 15th in Florida, with plans for four more locations in the state this year. The hospital aims to enhance the quality of life for its patients through specialized care and rehabilitation services.
Encompass Health Corporation (NYSE: EHC) announced updates regarding its Board refreshment process and the upcoming separation of its home health and hospice business, Enhabit. The Board will consist of no more than 12 directors post-2022 Annual Meeting. The Company expects to complete the separation via a spin-off in the first half of 2022 while exploring value-maximizing opportunities, including a potential sale or merger of Enhabit. Encompass Health operates a network of rehabilitation hospitals and home health agencies across the U.S., offering integrated healthcare services.