Welcome to our dedicated page for Encompass Health Corporation news (Ticker: EHC), a resource for investors and traders seeking the latest updates and insights on Encompass Health Corporation stock.
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 Corp. (NYSE: EHC) has appointed Melanie Lewis as senior vice president and chief business development officer for its inpatient rehabilitation hospital segment, effective August 1, 2021. With 27 years of healthcare experience, including 18 years at Encompass Health, Lewis is poised to enhance business development in response to the growing demand for rehabilitative services. Doug Coltharp, CFO, emphasized her track record and relationships as critical for the company’s expansion across the country.
Encompass Health Corp. (NYSE: EHC) announced a partnership with Medical Center Hospital of Odessa effective July 1, 2021. This collaboration adds Medical Center Hospital as a joint owner of Encompass Health Rehabilitation Hospital of Midland Odessa, enhancing healthcare services in the Permian Basin. Frank Brown, president of Encompass Health's southwest region, emphasized the significance of this joint venture for community health. The hospital provides comprehensive rehabilitation services, including therapies for stroke and neurological disorders, supported by 24-hour nursing care.
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.
Encompass Health Corporation (NYSE: EHC) announced a quarterly cash dividend of $0.28 per share on July 20, 2021. The dividend is payable on October 15, 2021, to shareholders of record as of October 1, 2021. This declaration highlights the company’s ongoing commitment to returning value to its shareholders. Encompass Health operates a robust network of healthcare facilities across the U.S., including 140 hospitals and various home health and hospice locations, ensuring high-quality, integrated healthcare services.
Encompass Health Corp. (NYSE: EHC) has contracted land to construct a 50-bed inpatient rehabilitation hospital in Palm Beach Gardens, Florida, with operations expected to begin in 2023. This facility will enhance local healthcare by providing extensive rehabilitation services for patients recovering from severe health issues, all under the supervision of specialized medical staff. Encompass Health's Florida presence includes 13 existing hospitals and one under construction in Pensacola, set to open in August 2021, with plans for seven more hospitals to open in the state by 2023.
Encompass Health Corp. (NYSE: EHC) announced plans to build a new 40-bed inpatient rehabilitation hospital in Fitchburg, Wisconsin, aimed to enhance local rehabilitation services. Named Encompass Health Rehabilitation Hospital of Fitchburg, the facility will offer comprehensive therapies and 24-hour nursing care for patients recovering from severe illnesses like strokes and spinal cord injuries. Expected to open in 2023, the hospital will feature private rooms and advanced rehabilitation technologies. Encompass Health continues to expand its presence in the U.S., operating a network of 140 hospitals nationwide.
Encompass Health Corp. (NYSE: EHC) and Hospital Sisters Health System (HSHS) have announced a joint venture to create a 36-bed inpatient rehabilitation hospital within HSHS Sacred Heart Hospital in Eau Claire, Wisconsin. The new facility, named The Rehabilitation Hospital of Western Wisconsin, will replace the existing 24-bed unit, enhancing local rehabilitation services for patients recovering from major illnesses and injuries. Construction is set to begin in September 2021 with completion expected by August 2022, marking Encompass Health's first location in Wisconsin.
Encompass Health Corp. (NYSE: EHC) and Altru Health System have finalized a joint venture to operate Altru's 23-bed inpatient rehabilitation unit in Grand Forks, North Dakota. This will be Encompass Health's first location in the state. The unit will be renamed Altru Rehabilitation Hospital, increasing patient rooms from 23 to 40 and expanding services, including in-house dialysis. Renovations are expected to finish by summer 2022, enhancing rehabilitation services for the community.
Encompass Health Corp. (NYSE: EHC) will report its second-quarter results on July 27, 2021, after market close. An investor conference call is scheduled for July 28, 2021, at 10 a.m. ET to discuss these results. Participants can access the call by dialing specific numbers for domestic and international callers. A live webcast and replay will be available on the company's investor website. Encompass Health operates a national network of 140 hospitals and various home health and hospice agencies, focusing on integrated healthcare services.
Encompass Health Corp. (NYSE: EHC) announced Crissy B. Carlisle's appointment as Chief Financial Officer for its Home Health and Hospice business, effective immediately. Carlisle, who retains her role as Chief Investor Relations Officer, brings over 25 years of financial advisory and accounting experience. The board's strategic review of the Home Health and Hospice business continues, with an update anticipated during the second quarter earnings report in late July 2021. No assurances are made about the outcomes of this review.
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