Encompass Health Corp Stock Price, News & Analysis

Encompass Health Corporation (NYSE: EHC) announced the redemption of $100 million in 5.125% senior notes due 2023, scheduled for June 30, 2021. The company will fund this redemption using cash on hand and its revolving credit facility. This move is expected to result in a $0.5 million loss on early extinguishment of debt in Q2 2021. Encompass Health, a leader in integrated healthcare services, operates across 139 hospitals and various home health and hospice locations.

The Vistria Group has announced a recapitalization and growth investment in Medalogix and Muse Healthcare, two companies specializing in data science and machine learning within home health, palliative, and hospice care. They will merge under the Medalogix brand, enhancing patient care through improved technology and clinical decision support. Minority investors include LHC Group, Amedisys, and Encompass Health Corp, collectively serving 45 states. The new entity aims to empower patient care and is expected to engage over 325,000 home health and 50,000 hospice beneficiaries daily.

Encompass Health Corp. (NYSE: EHC) will participate in the 41st Annual Growth Stock Conference by William Blair and the Jefferies Virtual Healthcare Conference in June 2021. The company’s President and CEO Mark Tarr, alongside CFO Doug Coltharp and President of Inpatient Hospitals Barb Jacobsmeyer, will hold a fireside chat on June 2, 2021, at 4:20 p.m. EDT during the William Blair event. The Jefferies conference chat will occur on June 3, 2021, at 3 p.m. EDT. Both events will be available via live webcast.

Encompass Health Corporation (NYSE: EHC) has declared a quarterly cash dividend of $0.28 per share on its common stock. The dividend is payable on July 15, 2021, to shareholders on record as of July 1, 2021. With a national footprint, Encompass Health operates 139 hospitals, 241 home health locations, and 82 hospice locations across 39 states and Puerto Rico. The company is recognized as a leader in integrated healthcare services and ranked among Fortune's 100 Best Companies to Work For.

Encompass Health (NYSE: EHC) has extended its sponsorship with the American Heart Association's Together To End Stroke campaign through December 2024. Initially launched in January 2019, this partnership aims to raise awareness about stroke prevention and recovery. In the first two years, Encompass Health reached over 300,000 people through educational resources and over nine million via social media. The company served more than 34,000 stroke patients in 2020, providing extensive rehabilitation services. This initiative aligns with Encompass Health's mission to improve patient outcomes and reduce stroke mortality.

Encompass Health Corp. and Piedmont Healthcare have entered a joint venture agreement to operate inpatient rehabilitation hospitals in Georgia. This partnership expands their collaboration, already established in Alabama, to include new facilities in Atlanta and Columbus, expected to open in 2023. The agreement also involves Piedmont assuming partial ownership of the Encompass Health Rehabilitation Hospital in Newnan. This expansion will increase the partnership's inpatient hospital count to four, aiming to provide comprehensive rehabilitation services to patients recovering from severe illnesses and injuries.

Encompass Health Corp. (NYSE: EHC) will present at the RBC Capital Markets Global Healthcare Virtual Conference from May 18-20, 2021. The company's President and CEO, Mark Tarr, along with CFO Doug Coltharp, will engage in a fireside chat on May 19, 2021, at 8 a.m. EDT. The event can be accessed live via a webcast available at investor.encompasshealth.com. Encompass Health is recognized as a leader in integrated healthcare services, operating 139 hospitals and numerous home health and hospice locations across the U.S. and Puerto Rico.

Encompass Health Corporation (EHC) reported a strong start to 2021, with Q1 net operating revenues of $1,230.4 million, a 4.1% increase from Q1 2020. Income from continuing operations per diluted share rose 23.0% to $1.07. Adjusted EBITDA grew by 10.0% to $250.8 million. The company raised its 2021 guidance, anticipating net revenues between $5,060 and $5,230 million and adjusted EBITDA of $1,000 to $1,030 million. Notably, the suspension of sequestration contributed to positive performance despite some declines in volume.

Encompass Health Corp. (NYSE: EHC) has announced a definitive agreement to acquire the home health and hospice assets of Frontier Home Health and Hospice. This strategic acquisition includes nine home health and eleven hospice locations across Alaska, Colorado, Montana, Washington, and Wyoming, aiming to enhance Encompass's presence in new and existing markets. The Frontier locations generated approximately $36 million in revenue in 2020. The transaction is expected to close in Q2 2021, pending customary closing conditions and regulatory approval, with funding sourced from cash on hand and credit facilities.