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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 has opened the Encompass Health Rehabilitation Hospital of North Tampa, a 50-bed inpatient facility in Lutz, Florida. This new hospital features private patient rooms, advanced rehabilitation technologies, and a range of therapies including physical, occupational, and speech therapy. The facility aims to meet the growing demand for quality rehabilitative care in the Tampa Bay area. With this opening, Encompass Health operates 139 rehabilitation hospitals nationwide, reinforcing its commitment to high-quality healthcare services.
Encompass Health Corp. (NYSE: EHC) announced that April Anthony will step down as CEO of Home Health and Hospice effective mid-June 2021. Under her leadership, the division's revenue grew from $400 million to $1.1 billion. The company is conducting a search for her successor while continuing its strategic review of the home health and hospice business initiated in December 2020. The leadership transition aims to maintain operational excellence to meet the increasing demand for in-home care from an aging population.
Encompass Health (NYSE: EHC) and Shannon Health have launched the Shannon Rehabilitation Hospital in San Angelo, Texas, marking Encompass's 138th inpatient rehabilitation facility. This 40-bed hospital provides private patient rooms, advanced rehabilitation technologies, and various therapies for patients recovering from strokes, brain injuries, and orthopedic conditions. Both organizations emphasize the hospital's role in enhancing care accessibility for local residents. Encompass Health's extensive network includes 138 hospitals and a strong reputation as a leading provider in integrated healthcare services.
Encompass Health Corp. (NYSE: EHC) will report its first-quarter results for the period ended March 31, 2021, after market closure on April 27, 2021. An investor conference call is scheduled for 9 a.m. ET on April 28, 2021, to discuss the results. The conference call can be accessed via a dedicated phone line or through a live webcast available on the company's investor website. Encompass Health is a leader in integrated healthcare services, operating 137 hospitals and 241 home health locations across the U.S. and Puerto Rico.
Encompass Health Corp. (NYSE: EHC) has scheduled its virtual annual meeting of stockholders for 11 a.m. CDT on May 6, 2021, in response to COVID-19 health concerns. Shareholders are encouraged to retain their control numbers from proxy cards for meeting access. A replay of the audio webcast will be available post-meeting on the company's investor relations website. Encompass Health is a leader in integrated healthcare services, operating 137 hospitals and 241 home health locations across the U.S. and Puerto Rico.
Encompass Health Corp. (NYSE: EHC) has received a certificate of need to construct a 39-bed inpatient rehabilitation hospital in Fort Mill, South Carolina. The facility will offer comprehensive rehabilitation services, including physical, occupational, and speech therapies, alongside 24-hour nursing care. It will focus on patients recovering from severe illnesses and injuries, such as strokes and brain injuries. Once operational, this hospital will be part of Encompass Health's extensive network, expanding its footprint in South Carolina, where it currently operates seven rehabilitation hospitals.
Encompass Health Corp. (NYSE: EHC) announced plans to build a new 40-bed inpatient rehabilitation hospital in Prosper, Texas, enhancing its existing network in the Dallas-Fort Worth area. The facility will offer comprehensive rehabilitative care including physical, occupational, and speech therapies for patients recovering from serious health issues such as strokes and spinal cord injuries. The hospital will feature private rooms, advanced therapy technologies, and a range of amenities. This expansion continues Encompass Health's growth strategy as the largest operator of inpatient rehabilitation hospitals in the U.S.
Encompass Health Corporation (NYSE: EHC) has announced the redemption of $100 million in outstanding 5.125% senior notes due 2023, effective April 5, 2021. The redemption price will equal 100% of the par value, plus accrued interest. Funding for this redemption will come from cash on hand and the revolving credit facility. This action is expected to incur a loss of approximately $0.6 million on early extinguishment of debt in Q2 2021.
Encompass Health (NYSE: EHC) and Right at Home have established a preferred provider relationship aimed at enhancing home health care services. This collaboration, effective since Q4 2020, focuses on innovative, value-based delivery models that prioritize quality patient outcomes. The partnership promises to improve care coordination for patients with complex needs through data sharing and collaborative efforts. Both companies emphasize a commitment to transforming post-acute care through integrated services and innovation.
Encompass Health Corp. (NYSE: EHC) announced plans to build a new 50-bed inpatient rehabilitation hospital in Osceola County, near Kissimmee, Florida. The facility will provide comprehensive rehabilitation services, including physical, occupational, and speech therapies, aimed at improving patients' functional abilities after severe illnesses and injuries. The hospital will feature private patient rooms, advanced rehabilitation technologies, and various therapeutic environments. This addition will expand Encompass Health's presence in Florida, which already includes multiple rehabilitation hospitals and home health locations.