Encompass Health announces plans to build a 50-bed inpatient rehabilitation hospital in Lake Worth, Florida
Encompass Health Corp. (NYSE: EHC) has secured land to construct a new 50-bed inpatient rehabilitation hospital in Lake Worth, Florida, with plans to open in 2024. The facility will offer essential therapies and 24-hour nursing care, focusing on recovery from severe illnesses and injuries. The hospital will include private rooms, advanced therapy facilities, and a range of amenities. Currently, Encompass Health operates 13 rehab hospitals in Florida, with eight more slated for 2022 and 2023 openings.
- New 50-bed rehabilitation hospital planned in Lake Worth to enhance service capacity.
- Expansion reflects growing demand for rehabilitation services in Florida.
- Facility to offer advanced rehabilitation technologies and comprehensive care.
- The hospital's opening in 2024 may be subject to delays due to regulatory and operational challenges.
- Market competition and staffing shortages in the healthcare sector may pose risks to operational efficiency.
BIRMINGHAM, Ala., July 21, 2021 /PRNewswire/ -- Encompass Health Corp. (NYSE: EHC), the country's largest owner and operator of inpatient rehabilitation hospitals, today announced it has placed land under contract to build a freestanding, 50–bed inpatient rehabilitation hospital in Lake Worth, Florida. The hospital, to be named Encompass Health Rehabilitation Hospital of Lake Worth, is expected to begin serving patients in 2024.
Complementing local acute healthcare services, Encompass Health Rehabilitation Hospital of Lake Worth will offer physical, occupational and speech therapies, and 24-hour nursing care, to restore functional ability and quality of life. It will serve patients recovering from major illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. 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, dining room, pharmacy and therapy courtyard.
The Company's Florida footprint currently includes 13 inpatient rehabilitation hospitals and one hospital under construction in Pensacola that is projected to open in August. In addition, Encompass Health has currently announced eight other hospitals in Florida that are scheduled to open in 2022 and 2023.
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 140 hospitals, 249 home health locations, and 94 hospice locations in 42 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, 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 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 and Form 10-Q for the quarter ended March 31, 2021.
Media Contact:
Hillary Carnel | 205 970-5912
hillary.carnel@encompasshealth.com
Investor Relations Contact:
Crissy Carlisle | 205 970-5860
crissy.carlisle@encompasshealth.com
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SOURCE Encompass Health Corp.
FAQ
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