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Encompass Health Corporation (NYSE: EHC) is a leading provider of post-acute healthcare services in the United States. Specializing in inpatient rehabilitation, the company operates a network of 161 hospitals across 37 states and Puerto Rico. These hospitals offer comprehensive rehabilitative care for patients recovering from major injuries and illnesses, including strokes, brain injuries, spinal cord injuries, and complex orthopedic conditions.
Encompass Health's business model revolves around delivering high-quality, cost-effective care through both facility-based and home-based patient care. The company's integrated approach includes advanced therapies, customized treatment plans, and coordinated care teams to ensure optimal patient outcomes. Their commitment to excellence is reflected in their significant market presence and continual expansion. Recent projects include new inpatient rehabilitation hospitals in Avondale, Arizona, and San Antonio, Texas, aimed at enhancing their service offerings.
Financially, Encompass Health has demonstrated robust performance with consistent revenue growth. For instance, the company reported a 13.4% revenue growth in Q1 2024, driven by strong discharge growth and efficient expense management, leading to an Adjusted EBITDA growth of 19.2%. Their strategic focus on improving labor costs and operational efficiency continues to bolster their financial health.
Encompass Health's dedication to innovation is evident in their use of advanced rehabilitation technologies and their commitment to ongoing research. The company recently announced a call for research grant applications, aimed at investigating the effectiveness of therapies in post-acute care settings. This initiative underscores their commitment to enhancing patient care through evidence-based practices.
Recognized as one of Fortune's World's Most Admired Companies and Modern Healthcare's Best Places to Work in Healthcare, Encompass Health prioritizes a positive working environment for its staff, ensuring they are equipped with the necessary tools and support to deliver exceptional patient care.
For the latest updates on Encompass Health Corporation, including their quarterly earnings reports, new hospital developments, and research initiatives, visit their investor website or follow their official social media channels.
Encompass Health Corporation (EHC) reported Q1 2022 results, showing net operating revenues of $1,333.6 million, up 8.4% year-over-year. However, income from continuing operations per diluted share fell 18.7% to $0.87. The inpatient rehabilitation segment grew revenues by 10.4%, with same-store discharge growth at 3.8%. Cash flow from operating activities increased by 38.1%. Despite higher costs impacting adjusted EBITDA and staffing challenges, the company remains optimistic about its long-term prospects and has reaffirmed its 2022 guidance.
Encompass Health Corp. (NYSE: EHC) will participate in the BofA Securities 2022 Healthcare Conference in Las Vegas from May 10-12, with a virtual option on May 13. The company’s President and CEO, Mark Tarr, is scheduled to present on May 10 at 3:20 p.m. PT during a fireside chat. The presentation will be streamed live on the company's investor relations website. Encompass Health is recognized as a national leader in integrated healthcare, operating 147 hospitals and providing diverse patient care services across the U.S. and Puerto Rico.
Encompass Health (NYSE: EHC) has opened a new 85-bed inpatient rehabilitation hospital in Huntsville, Alabama, replacing its previous facility. The hospital assists patients recovering from serious illnesses and injuries, offering a range of therapies and care from specialized staff. The facility features private rooms and advanced medical amenities, aiming to enhance patient recovery. It also received certification from The Joint Commission for various rehabilitation programs, confirming its commitment to quality care. This expansion is set to improve access to rehabilitation services for the local community.
Encompass Health Corp. (NYSE: EHC) will host its annual stockholders meeting on May 5, 2022, at 11:00 a.m. CDT in Birmingham, Alabama. Attendees must present valid identification and proof of stock ownership. Reporters are required to pre-register by April 29, 2022. A live audio webcast will be available for those unable to attend, with an archived version accessible later. Encompass Health is a leader in integrated healthcare services, providing facility-based and home-based patient care across 42 states and Puerto Rico.
Encompass Health Corporation (NYSE: EHC) has announced the retirement of five directors and the appointment of Kevin J. O'Connor to its Board of Directors. The retiring directors will leave after the annual stockholders' meeting, reducing the Board to 11 members, 10 of whom are independent. O'Connor brings extensive experience in compliance, regulatory affairs, and risk management, previously serving as the chief legal officer at Carrier Global Corporation. This transition aligns with the company's strategic focus on board refreshment to enhance leadership and support long-term objectives.
Encompass Health Corp. (NYSE: EHC) will report its first-quarter results for the period ending March 31, 2022, after market close on April 27, 2022. An investor conference call is scheduled for April 28, 2022, at 10 a.m. ET to discuss these results. The call can be accessed by dialing 866-342-8591 for U.S. callers, or 203-518-9713 for international participants, using conference ID EHCQ122. A live webcast and replay will be available on the company's investor website.
Encompass Health (NYSE: EHC) has announced the opening of the Encompass Health Rehabilitation Institute of Libertyville, a 60-bed inpatient rehabilitation facility aimed at aiding recovery from severe illnesses and injuries. This facility offers 24-hour nursing care and specialized therapies to improve patients' quality of life. It is the company's 147th hospital and the third in Illinois, reflecting its commitment to providing high-quality healthcare in local communities.
Encompass Health (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of St. Augustine, a new 40-bed facility designed to aid patients recovering from severe illnesses and injuries. Located in St. Augustine, Florida, the hospital features private patient rooms, advanced therapy facilities, and 24-hour nursing care. This marks the company’s 147th hospital nationwide and 15th in Florida, with plans for four more locations in the state this year. The hospital aims to enhance the quality of life for its patients through specialized care and rehabilitation services.
Encompass Health Corporation (NYSE: EHC) announced updates regarding its Board refreshment process and the upcoming separation of its home health and hospice business, Enhabit. The Board will consist of no more than 12 directors post-2022 Annual Meeting. The Company expects to complete the separation via a spin-off in the first half of 2022 while exploring value-maximizing opportunities, including a potential sale or merger of Enhabit. Encompass Health operates a network of rehabilitation hospitals and home health agencies across the U.S., offering integrated healthcare services.
Encompass Health Corp. (EHC) and Lee Healthcare Holdings announced a collaboration to jointly own and operate two new inpatient rehabilitation hospitals in Southwest Florida. One hospital is a 40-bed facility under construction in Cape Coral, opening in May 2022, while the second will be a 60-bed hospital in Fort Myers, expected to open in 2024. This partnership aims to enhance the quality of care for patients recovering from serious ailments. Encompass Health's CEO expressed enthusiasm for the collaboration with a respected local healthcare leader.
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