Encompass Health Corporation - EHC STOCK NEWS

Encompass Health Corp. (NYSE: EHC) announced plans to construct a 27-bed inpatient rehabilitation hospital in Irmo, South Carolina, near Columbia. The facility is designed for future expansion to 50 beds and will begin construction in Q3 2022, with services expected to commence in Q4 2023. The hospital aims to provide care for patients recovering from serious conditions, including strokes and spinal cord injuries, and will feature private rooms and a specialized therapy gym. This project expands Encompass Health's existing network, which includes eight rehabilitation hospitals in South Carolina.

Encompass Health Corporation (NYSE: EHC) reported solid third-quarter results with a 9.4% increase in net operating revenues, reaching $1,284.8 million, compared to $1,173.9 million in Q3 2020. Adjusted EBITDA grew by 6.7% to $245.6 million. EPS from continuing operations rose 28.2% to $1.00. However, the home health and hospice segment faced COVID-related challenges, leading to a decline in revenue and increased costs. Consequently, the company has lowered its full-year guidance for 2021.

Despite challenges, management remains confident in long-term growth.

Encompass Health Corp. (NYSE: EHC) filed a lawsuit against former executive April Anthony in Dallas County, Texas, for breaching her employment agreement. The lawsuit alleges violations of non-competition and non-solicitation clauses, as well as misappropriation of trade secrets. The company reportedly discovered that Anthony secretly encouraged employees, including senior executives, to join a competing venture, activities that began before her departure and continued after. Encompass Health operates an extensive network of healthcare services, with 144 hospitals and 249 home health locations across the U.S.

Encompass Health (NYSE: EHC) announces an expansion of its joint venture with Baptist Health South Florida to include Baptist Health's home health agency in Miami. The deal is expected to close in Q4 2021, subject to regulatory approvals. This partnership aims to enhance the quality of home health services in Miami-Dade and Monroe counties, complementing existing rehabilitation services. Encompass Health, a leader in integrated post-acute healthcare, ranks among the top providers of Medicare-certified skilled home health and hospice services.

On October 21, 2021, Encompass Health Corporation (NYSE: EHC) announced a quarterly cash dividend of $0.28 per share. This dividend is payable on January 18, 2022, to stockholders on record as of January 3, 2022. Encompass Health operates a vast network of healthcare facilities, including 144 hospitals and numerous home health and hospice locations across the U.S. The company is recognized as one of Fortune's 100 Best Companies to Work For, emphasizing its commitment to quality healthcare services.

Encompass Health (NYSE: EHC) and Baptist Health have received a certificate of need to construct a 40-bed inpatient rehabilitation hospital in Louisville, Kentucky. This joint venture is set to begin operations in Q4 2023, replacing an existing 29-bed unit. The new facility will enhance rehabilitation service access in a region with growing demand, serving patients recovering from conditions such as strokes and spinal cord injuries. The collaboration aims to provide specialized care, improving functional abilities and quality of life for patients.

Encompass Health (NYSE: EHC) will participate in the Credit Suisse 30th Annual Virtual Healthcare Conference on November 8, 2021. Mark Tarr, President and CEO, is scheduled to present at 12:10 p.m. ET. Investors and interested parties can access the live webcast at investor.encompasshealth.com. Encompass Health is a leader in integrated healthcare services, operating 144 inpatient rehabilitation hospitals, 249 home health locations, and 95 hospice locations across the U.S. and Puerto Rico.

Encompass Health Corp. (NYSE: EHC) will report its third-quarter results for the period ending September 30, 2021, following market close on October 27, 2021. An investor conference call is scheduled for October 28, 2021, at 10 a.m. ET, where the company's results will be discussed. Interested parties can access the call via phone or through a live webcast available on the company's investor website.

Encompass Health is recognized as a leader in integrated healthcare services, operating 144 hospitals and extensive home health and hospice networks across the U.S. and Puerto Rico.

Encompass Health Corporation (NYSE: EHC) announced the appointment of Christopher R. Reidy to its board of directors, effective October 1, 2021. This move expands the board to 15 members, enhancing its succession planning efforts. Reidy brings extensive healthcare and financial experience, currently serving as CFO of Becton, Dickinson and Company. Encompass Health aims to leverage Reidy’s skills as it continues to provide integrated healthcare services across its extensive network of facilities.