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 Corp. (NYSE: EHC) has placed land under contract to construct a 50-bed inpatient rehabilitation hospital in Jacksonville, Florida. This facility aims to support patients recovering from various debilitating conditions, including strokes and orthopedic issues, offering physical, occupational, and speech therapies. The hospital will feature private rooms, a therapy gym, and specialized medical staff. Encompass Health, a leader in integrated healthcare services, currently runs numerous facilities across Florida and expects the Jacksonville hospital to begin serving patients in the second half of 2022.
Encompass Health Corp. (NYSE: EHC) has announced a contract to build a 40-bed inpatient rehabilitation hospital in Cape Coral, Florida. This facility aims to cater to patients recovering from severe illnesses and injuries, offering physical, occupational, and speech therapies. The state-of-the-art hospital will feature private rooms and advanced rehabilitation technologies. Encompass Health's extensive experience, having treated nearly 190,000 rehabilitation patients annually, supports this venture, which aligns with the growing healthcare demand in the local area.
Encompass Health Corp. (NYSE: EHC) will participate in Baird's 2020 Global Healthcare Conference, taking place virtually on Sept. 9-10, 2020. CEO Mark Tarr and CFO Doug Coltharp are set for a fireside chat on Sept. 9 at 10:25 a.m. CDT. This session will be webcast live, accessible via their investor relations website. Encompass Health is a leader in integrated healthcare services, operating 136 rehabilitation hospitals and various home health and hospice locations across the U.S. and Puerto Rico, committed to high-quality care.
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.