STOCK TITAN

Encompass Health announces plans to build a 50-bed inpatient rehabilitation hospital in Johnston, Rhode Island

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

Encompass Health Corp. (NYSE: EHC) has announced plans to construct a new 50-bed inpatient rehabilitation hospital in Johnston, Rhode Island, scheduled to begin operations in 2024. This facility will improve access to essential rehabilitative care for patients recovering from conditions such as strokes and spinal cord injuries. The hospital will feature private rooms and advanced rehabilitation technologies, supported by specialized nursing and therapy staff. This marks Encompass Health's first establishment in Rhode Island, aligning with its growth strategy to enhance healthcare services in the Northeast.

Positive
  • Expansion into Rhode Island will enhance market presence and patient access in the Northeast.
  • Hospital will be equipped with advanced rehabilitation technologies and facilities.
Negative
  • None.

BIRMINGHAM, Ala., Jan. 13, 2023 /PRNewswire/ -- Encompass Health Corp. (NYSE: EHC) today announced it plans to build a freestanding, 50-bed inpatient rehabilitation hospital in Johnston, Rhode Island. The hospital will be located at 2109 Hartford Avenue and is expected to begin serving patients in 2024.

"We are excited to expand our rehabilitation services in the Northeast through this project, which will serve as Encompass Health's first hospital in the state of Rhode Island," said Pat Tuer, president of Encompass Health's Northeast region. "We look forward to improving access to high-quality, individualized rehabilitative care and allowing more residents to receive specialized care close to home."

Complementing local acute care services, this hospital will serve patients recovering from debilitating illnesses and injuries, including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. In addition to 24–hour nursing care, this hospital will offer physical, occupational and speech therapies to restore functional ability and quality of life. Care will be provided by highly specialized nurses, therapists and physicians.

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

About Encompass Health

Encompass Health (NYSE: EHC) is the largest owner and operator of rehabilitation hospitals in the United States. With a national footprint that includes 153 hospitals in 36 states and Puerto Rico, the Company provides high-quality, compassionate rehabilitative care for patients recovering from a major injury or illness, using advanced technology and innovative treatments to maximize recovery. Encompass Health is ranked as one of Fortune's 100 Best Companies to Work For and Modern Healthcare's Best Places to Work in Healthcare. For more information, visit encompasshealth.com, or follow us on our newsroom, Twitter, Instagram 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 this project consistent with Encompass Health's growth strategy, including realization of anticipated revenues and avoidance of unforeseen exposure to liabilities; disease outbreaks, including the speed, depth, geographic reach and duration of the spread; the actions to be taken by Encompass Health in response to disease outbreaks; 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, 2021 and Forms 10-Q for the quarters ended March 31, 2022 and June 30, 2022 and September 30, 2022.

Media contact:
Danielle Hall | 205-970-5912
danielle.hall@encompasshealth.com

Investor Relations contact:
Mark Miller | 205-970-5860
mark.miller@encompasshealth.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/encompass-health-announces-plans-to-build-a-50-bed-inpatient-rehabilitation-hospital-in-johnston-rhode-island-301721687.html

SOURCE Encompass Health Corp.

FAQ

What are the plans for the new Encompass Health hospital in Rhode Island?

Encompass Health plans to build a 50-bed inpatient rehabilitation hospital in Johnston, Rhode Island, expected to open in 2024.

What services will the new hospital in Johnston, Rhode Island offer?

The hospital will provide rehabilitation services for stroke recovery, neurological disorders, brain injuries, spinal cord injuries, amputations, and complex orthopedic conditions.

When is the expected opening date for the new Encompass Health facility in Rhode Island?

The new inpatient rehabilitation hospital is expected to start serving patients in 2024.

How many facilities does Encompass Health operate across the U.S.?

Encompass Health operates 153 hospitals across 36 states and Puerto Rico.

Encompass Health Corporation

NYSE:EHC

EHC Rankings

EHC Latest News

EHC Stock Data

10.01B
100.63M
1.43%
98.57%
1.2%
Medical Care Facilities
Services-hospitals
Link
United States of America
BIRMINGHAM