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 (NYSE: EHC) reported strong Q2 2021 results, with net operating revenues rising 19.9% to $1,287.7 million compared to Q2 2020. Income from continuing operations per diluted share surged by 232.4% to $1.13, driven by revenue growth across both inpatient rehabilitation and home health segments. Adjusted EBITDA increased 71.9% to $278.9 million. The company raised its full-year guidance, projecting revenues between $5,100 and $5,250 million and adjusted earnings per share from continuing operations between $4.32 and $4.47. Strategic alternatives for the home health business are still under review.
Encompass Health Corp. (NYSE: EHC) has appointed Melanie Lewis as senior vice president and chief business development officer for its inpatient rehabilitation hospital segment, effective August 1, 2021. With 27 years of healthcare experience, including 18 years at Encompass Health, Lewis is poised to enhance business development in response to the growing demand for rehabilitative services. Doug Coltharp, CFO, emphasized her track record and relationships as critical for the company’s expansion across the country.
Encompass Health Corp. (NYSE: EHC) announced a partnership with Medical Center Hospital of Odessa effective July 1, 2021. This collaboration adds Medical Center Hospital as a joint owner of Encompass Health Rehabilitation Hospital of Midland Odessa, enhancing healthcare services in the Permian Basin. Frank Brown, president of Encompass Health's southwest region, emphasized the significance of this joint venture for community health. The hospital provides comprehensive rehabilitation services, including therapies for stroke and neurological disorders, supported by 24-hour nursing care.
Encompass Health Corp. (NYSE: EHC) has secured land to construct a new 50-bed inpatient rehabilitation hospital in Lake Worth, Florida, with plans to open in 2024. The facility will offer essential therapies and 24-hour nursing care, focusing on recovery from severe illnesses and injuries. The hospital will include private rooms, advanced therapy facilities, and a range of amenities. Currently, Encompass Health operates 13 rehab hospitals in Florida, with eight more slated for 2022 and 2023 openings.
Encompass Health Corporation (NYSE: EHC) announced a quarterly cash dividend of $0.28 per share on July 20, 2021. The dividend is payable on October 15, 2021, to shareholders of record as of October 1, 2021. This declaration highlights the company’s ongoing commitment to returning value to its shareholders. Encompass Health operates a robust network of healthcare facilities across the U.S., including 140 hospitals and various home health and hospice locations, ensuring high-quality, integrated healthcare services.
Encompass Health Corp. (NYSE: EHC) has contracted land to construct a 50-bed inpatient rehabilitation hospital in Palm Beach Gardens, Florida, with operations expected to begin in 2023. This facility will enhance local healthcare by providing extensive rehabilitation services for patients recovering from severe health issues, all under the supervision of specialized medical staff. Encompass Health's Florida presence includes 13 existing hospitals and one under construction in Pensacola, set to open in August 2021, with plans for seven more hospitals to open in the state by 2023.
Encompass Health Corp. (NYSE: EHC) announced plans to build a new 40-bed inpatient rehabilitation hospital in Fitchburg, Wisconsin, aimed to enhance local rehabilitation services. Named Encompass Health Rehabilitation Hospital of Fitchburg, the facility will offer comprehensive therapies and 24-hour nursing care for patients recovering from severe illnesses like strokes and spinal cord injuries. Expected to open in 2023, the hospital will feature private rooms and advanced rehabilitation technologies. Encompass Health continues to expand its presence in the U.S., operating a network of 140 hospitals nationwide.
Encompass Health Corp. (NYSE: EHC) and Hospital Sisters Health System (HSHS) have announced a joint venture to create a 36-bed inpatient rehabilitation hospital within HSHS Sacred Heart Hospital in Eau Claire, Wisconsin. The new facility, named The Rehabilitation Hospital of Western Wisconsin, will replace the existing 24-bed unit, enhancing local rehabilitation services for patients recovering from major illnesses and injuries. Construction is set to begin in September 2021 with completion expected by August 2022, marking Encompass Health's first location in Wisconsin.
Encompass Health Corp. (NYSE: EHC) and Altru Health System have finalized a joint venture to operate Altru's 23-bed inpatient rehabilitation unit in Grand Forks, North Dakota. This will be Encompass Health's first location in the state. The unit will be renamed Altru Rehabilitation Hospital, increasing patient rooms from 23 to 40 and expanding services, including in-house dialysis. Renovations are expected to finish by summer 2022, enhancing rehabilitation services for the community.
Encompass Health Corp. (NYSE: EHC) will report its second-quarter results on July 27, 2021, after market close. An investor conference call is scheduled for July 28, 2021, at 10 a.m. ET to discuss these results. Participants can access the call by dialing specific numbers for domestic and international callers. A live webcast and replay will be available on the company's investor website. Encompass Health operates a national network of 140 hospitals and various home health and hospice agencies, focusing on integrated healthcare services.