Encompass Health Corp Stock Price, News & Analysis

Encompass Health Corp. (NYSE: EHC) announced plans to build a 50-bed inpatient rehabilitation hospital in Naples, Florida. The facility aims to support patients recovering from serious conditions like strokes and spinal cord injuries. It will offer comprehensive rehabilitation services including physical, occupational, and speech therapy, with 24-hour care from specialized nurses. This new hospital will expand Encompass Health's presence in Florida, adding to its infrastructure of 12 existing rehab hospitals and further enhancing healthcare delivery in the region.

Encompass Health Corp. (EHC) reported its Q2 2020 results, revealing net operating revenues of $1,074.1 million, a 5.4% decline from Q2 2019. Income from continuing operations per diluted share dropped 63% to $0.34. Cash flow from operations totaled $222.3 million, up 52.9%. The inpatient rehabilitation segment saw a revenue decline of 5.7% due to decreased patient volumes amidst the COVID-19 pandemic, while hospice revenue grew 24.5% driven by acquisitions. The company declared a quarterly cash dividend of $0.28 per share and has enhanced liquidity through credit amendments and new note issuances.

Encompass Health Corp. (NYSE: EHC) has announced plans to construct a 50-bed inpatient rehabilitation hospital in Clermont, Florida. Complementing local acute care services, the hospital will focus on rehabilitation for patients recovering from strokes, neurological disorders, and other severe conditions. It aims to offer 24-hour care with a qualified medical staff, including specialists in various fields. This facility will enhance Encompass Health's existing network in Florida, which includes 12 rehabilitation hospitals and 19 home health locations.

Encompass Health Corp. (NYSE: EHC) has announced plans to construct a 50-bed freestanding inpatient rehabilitation hospital in Lakeland, Florida. This facility will provide specialized care for patients recovering from serious illnesses and injuries, including strokes and neurological disorders. It aims to offer high-quality rehabilitation services complemented by a dedicated medical team. With 12 existing hospitals in Florida and a comprehensive healthcare network, the new hospital is positioned to enhance local acute care services. A construction timeline has not yet been established.

Encompass Health Corp. (NYSE: EHC) has declared a quarterly cash dividend of $0.28 per share on its common stock. This dividend is payable on October 15, 2020, to shareholders on record as of October 1, 2020. As a leader in integrated healthcare services, the company operates 136 hospitals and 245 home health locations across the U.S. and Puerto Rico. Encompass Health is committed to providing high-quality, cost-effective care, showcasing its dedication to shareholder returns while maintaining a strong market position.

Encompass Health Corp. (NYSE: EHC) has acquired land in St. Augustine, Florida, for a new 40-bed inpatient rehabilitation hospital aimed at supporting patients recovering from severe illnesses and injuries. This facility will enhance the company's existing network of 12 rehabilitation hospitals in Florida and will provide tailored rehabilitation services, including 24-hour nursing care and various therapies. The company is yet to establish a construction timeline for the new hospital, which aims to address the increasing demand for rehabilitative services in the St. Augustine area.

Encompass Health Corp. (EHC) and Covenant Health have announced a joint venture to operate the Patricia Neal Rehabilitation Center in Knoxville, TN. This partnership involves filing for two certificate of need applications: one to build a new 51-bed inpatient rehabilitation hospital and another to renovate the existing center into a 22-bed facility. The renovations are part of a $50 million investment aimed at enhancing healthcare access in the region. Both projects will be completed by 2022.

Encompass Health Corp. (NYSE: EHC) will release its second quarter results for 2020 after market close on July 27, 2020. An investor conference call is scheduled for 9 a.m. ET on July 28, 2020, to discuss the results. Interested participants can access the call by dialing 877-587-6761, with the pass code 4793507. International callers should call 706-679-1635. The call will also be available via a live webcast and replay on the company's investor website.

Encompass Health Corp. (NYSE: EHC) has opened its first inpatient rehabilitation hospital in South Dakota, located in Sioux Falls. The facility features 40 private patient rooms and advanced rehabilitation technologies aimed at treating patients recovering from serious illnesses and injuries, including strokes and spinal cord injuries. This hospital is Encompass Health's 136th rehabilitation hospital, expanding its national footprint. The company has emphasized its commitment to providing high-quality rehabilitation services to enhance patient independence and quality of life.