Encompass Health announces plans to build a 50-bed inpatient rehabilitation hospital in Kissimmee, Florida area
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.
- Expansion of services in Florida with the new 50-bed rehabilitation hospital.
- Complementing existing local acute care facilities, enhancing market presence.
- Focus on advanced rehabilitation technologies and specialized care.
- Potential delays in project completion due to regulatory reviews.
- Risks associated with competition in the healthcare industry.
- Financial impact from COVID-19 and staffing shortages affecting operations.
BIRMINGHAM, Ala., Feb. 25, 2021 /PRNewswire/ -- Encompass Health Corp. (NYSE: EHC) today announced it has placed land under contract and plans to build a freestanding, 50-bed inpatient rehabilitation hospital in Osceola County near Kissimmee, Florida.
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. 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 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 Florida footprint currently includes 12 inpatient rehabilitation hospitals, 19 home health locations, one hospital under construction in north Tampa, and several additional planned hospitals previously announced.
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, 2019 and Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and Sept. 30, 2020.
Media Contact:
Hillary Carnel | 205 970-5912
hillary.carnel@encompasshealth.com
Investor Relations Contact:
Crissy Carlisle | 205 970-5860
crissy.carlisle@encompasshealth.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/encompass-health-announces-plans-to-build-a-50-bed-inpatient-rehabilitation-hospital-in-kissimmee-florida-area-301235346.html
SOURCE Encompass Health Corp.
FAQ
What is the new project announced by Encompass Health (EHC)?
When was the announcement made about the new rehabilitation hospital?
What services will the new inpatient rehabilitation hospital provide?
How will the new hospital impact Encompass Health's footprint in Florida?
What are the potential challenges Encompass Health (EHC) may face with the new hospital?
