Encompass Health Corp Stock Price, News & Analysis

Encompass Health Corporation (EHC) reported Q4 2020 results, showing a 2.5% increase in net operating revenues to $1,214.4 million compared to Q4 2019. Income from continuing operations per diluted share rose by 26.5%, reaching $0.86. Adjusted EBITDA was stable at $239.9 million. However, the home health segment experienced a 3.9% revenue decline. The company provided 2021 guidance predicting net revenues of $5,000 to $5,170 million and adjusted EBITDA between $925 to $955 million. Encompass Health is also exploring strategic alternatives for its home health and hospice business.

Encompass Health Corp. (NYSE: EHC) and UnityPoint Health – Trinity are launching a new 40-bed inpatient rehabilitation hospital, The Quad Cities Rehabilitation Institute, in Moline, Illinois. This initiative follows the approval of a certificate of need by the Illinois Health Facilities and Services Review Board. The facility aims to enhance access to rehabilitative care for the Quad Cities community and will feature a range of therapies and medical services. Construction is set to begin in mid-2022, with the hospital expected to be operational shortly thereafter.

Encompass Health Corp. (NYSE: EHC) will release its fourth-quarter results for the period ending December 31, 2020, after market close on January 26, 2021. The company will hold an investor conference call on January 27, 2021, at 9 a.m. ET to discuss these results. Interested parties can access the call by dialing 877-587-6761 (international: 706-679-1635) and using the pass code 6192515. A live webcast and replay will be available on the company's investor website.

Encompass Health Corp. (NYSE: EHC) is exploring strategic alternatives for its home health and hospice business, considering options like an IPO, spin-off, merger, or sale. The company has experienced substantial growth since merging with Encompass Home Health and Hospice in 2015. As part of this review, the board is assessing potential corporate structures to enhance growth. There is no set timeline for the review’s completion, and the company will disclose updates only as directed by its Board. Citi and Wachtell, Lipton, Rosen, and Katz are advising on the process.

Encompass Health Corp. (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Toledo, Ohio, marking its fourth rehabilitation facility in the state. The hospital, located at 4647 Monroe Street, features 40 private patient rooms, advanced rehabilitation technology, and specialized care for patients recovering from severe illnesses and injuries such as strokes and spinal cord injuries. This facility aims to provide high-quality, integrated care to improve patient outcomes and restore independence.

Encompass Health Corp. (NYSE: EHC) has received a certificate of need from the Illinois Health Facilities Board to build a new 40-bed inpatient rehabilitation hospital in Shiloh, Illinois. This facility, set to be a joint venture with BJC HealthCare, will provide essential rehabilitation services, including physical, occupational, and speech therapies. The hospital will focus on patients recovering from severe conditions like strokes and brain injuries, featuring private rooms and advanced rehabilitation technologies. This expansion aims to meet the growing demand for quality care in the Metro East area.

Encompass Health Corp. (EHC) reported Q3 2020 results with net operating revenues of $1,173.9 million, up 1.1% from Q3 2019. Income per diluted share fell 20.4% to $0.78 due to increased depreciation, amortization, and interest expenses. Cash flows from operations rose 51.6%, reaching $173.4 million. Inpatient revenue grew by 3.8% but home health revenue declined 6.5%. The company anticipates Q4 revenues between $1,150 million and $1,220 million and adjusted earnings per share of $0.79 to $0.90.

Encompass Health Corp. (NYSE: EHC) has declared a quarterly cash dividend of $0.28 per share on its common stock. This dividend is set to be paid on January 15, 2021, to shareholders on record as of January 4, 2021. The company operates a comprehensive network of 136 inpatient rehabilitation hospitals, 245 home health locations, and 83 hospice locations across 39 states and Puerto Rico, focusing on high-quality, integrated healthcare services.

Encompass Health Corp. (NYSE: EHC) has been recognized for the ninth consecutive year in Modern Healthcare's Best Places to Work in Healthcare for 2020. The company's inpatient rehabilitation hospital segment ranked No. 42 and its home health and hospice segment No. 31 in the healthcare provider/insurer category. Encompass Health credits its dedicated employees for overcoming challenges during the COVID-19 pandemic, reinforcing its commitment to patient care and workplace culture.