STOCK TITAN

Encompass Health announces plans to build a 39-bed inpatient rehabilitation hospital in Fort Mill, South Carolina

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

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.

Positive
  • Awarded certificate of need for a new 39-bed inpatient rehabilitation hospital.
  • Enhances local healthcare services with comprehensive rehabilitation offerings.
  • Strengthens Encompass Health's presence in South Carolina with seven existing hospitals.
Negative
  • None.

BIRMINGHAM, Ala., March 18, 2021 /PRNewswire/ -- Encompass Health Corp. (NYSE: EHC) today announced it has been awarded a certificate of need to build a freestanding, 39-bed inpatient rehabilitation hospital in Fort Mill, South Carolina, to be named Encompass Health Rehabilitation Hospital of Fort Mill. The hospital will be located at the northeast corner of Pleasant Road and Vista Road.

Complementing local acute care services, the future hospital will offer physical, occupational and speech therapies, and 24-hour nursing care, to restore functional ability and quality of life. It will care for patients recovering from debilitating illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions.

The medical staff will be comprised of physicians experienced in physical medicine and rehabilitation as well as other specialties such as internal medicine, cardiology, infectious disease and nephrology to assist in the medical management and support a complex patient population.  

The hospital will feature all private patient rooms, a spacious therapy gym with advanced rehabilitation technologies and an activities of daily living suite, cafeteria, dining room, pharmacy and therapy courtyard.  

The planned hospital, once opened, will become part of Encompass Health's national network of inpatient rehabilitation hospitals and home health and hospice agencies. The Company's South Carolina footprint currently includes seven inpatient rehabilitation hospitals as well as one hospital under construction in Greenville, which is expected to begin serving patients this summer.

About Encompass Health
As a national leader in integrated healthcare services, Encompass Health (NYSE: EHC) offers both facility–based and home–based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. With a national footprint that includes 137 hospitals, 241 home health locations, and 82 hospice locations in 39 states and Puerto Rico, the Company provides high–quality, cost-effective integrated healthcare. Encompass Health is ranked as one of Fortune's 100 Best Companies to Work For. For more information, visit encompasshealth.com, or follow us on our newsroom, Twitter and Facebook.

Forward-Looking Statements
Statements contained in this press release which are not historical facts, such as those relating to the likelihood, timing and effects of the completion of this hospital project, are forward-looking statements. In addition, Encompass Health may from time to time make forward-looking public statements concerning the matters described herein. All such estimates, projections, and forward-looking information speak only as of the date hereof, and Encompass Health undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Encompass Health's actual results or events may differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors which could cause actual results or events to differ materially from those anticipated include, but are not limited to, the regulatory review and approval process, any adverse outcome of various lawsuits, claims, and legal or regulatory proceedings that may be brought by or against the Company; the possibility this project will experience unexpected delays; the ability to successfully complete and integrate this project consistent with Encompass Health's growth strategy, including realization of anticipated revenues, cost savings, and productivity improvements arising from the related operations and avoidance of unforeseen exposure to liabilities; the continued spread of COVID-19, including the speed, depth, geographic reach and duration of the spread; the actions to be taken by Encompass Health in response to the COVID-19 pandemic; changes in the regulation of the healthcare industry at either or both of the federal and state levels; competitive pressures in the healthcare industry and Encompass Health's response thereto; the hospital's ability to maintain proper local, state and federal licensing; potential disruptions, breaches, or other incidents affecting the proper operation, availability, or security of Encompass Health's information systems; Encompass Health's ability to attract and retain nurses, therapists, and other healthcare professionals in a highly competitive environment with often severe staffing shortages and the impact on Encompass Health's labor expenses from potential union activity and staffing shortages; changes, delays in (including in connection with resolution of Medicare payment reviews or appeals), or suspension of reimbursement for Encompass Health's services by governmental or private payors; general conditions in the economy and capital markets; and other factors which may be identified from time to time in Encompass Health's SEC filings and other public announcements, including Encompass Health's Form 10-K for the year ended Dec. 31, 2020.

Media Contact:
Hillary Carnel | 205 970-5912
hillary.carnel@encompasshealth.com

Investor Relations Contact:
Crissy Carlisle | 205 970-5860
crissy.carlisle@encompasshealth.com   

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/encompass-health-announces-plans-to-build-a-39-bed-inpatient-rehabilitation-hospital-in-fort-mill-south-carolina-301250520.html

SOURCE Encompass Health Corp.

FAQ

What recent development occurred for Encompass Health (EHC) in March 2021?

Encompass Health was awarded a certificate of need to build a 39-bed inpatient rehabilitation hospital in Fort Mill, South Carolina.

What services will the new Encompass Health hospital in South Carolina provide?

The Fort Mill hospital will offer physical, occupational, and speech therapies, along with 24-hour nursing care.

How will the new hospital in Fort Mill impact Encompass Health's operations?

It will expand Encompass Health's network and enhance local acute care services in South Carolina.

When is the expected opening of the new rehabilitation hospital in Fort Mill?

The opening date has not been specified in the press release.

Encompass Health Corporation

NYSE:EHC

EHC Rankings

EHC Latest News

EHC Stock Data

9.45B
99.27M
1.36%
98.26%
1.1%
Medical Care Facilities
Services-hospitals
Link
United States of America
BIRMINGHAM