Encompass Health Corporation - EHC STOCK NEWS

Encompass Health (NYSE: EHC) has appointed Mark Miller as the new senior vice president of investor relations and strategic planning, effective September 7, 2021. Miller brings 20 years of healthcare investment experience, previously serving as vice president at Maximus. His role will focus on guiding investor relations and strategic initiatives for the company. Miller takes over from Crissy Carlisle, who now leads the CFO role for Encompass Health's home health and hospice division. With 143 hospitals and a strong national presence, Encompass remains a leader in integrated healthcare.

Encompass Health (NYSE: EHC) has opened two new rehabilitation hospitals in Shreveport, Louisiana, and Greenville, South Carolina, enhancing its network to 143 facilities nationwide. Each hospital offers 40 private patient rooms, advanced rehabilitation technologies, and specialized therapies for patients recovering from serious illnesses and injuries. CEO Mark Tarr expressed excitement about providing higher-level rehabilitative care to these communities, aiming to restore patients' functionality and independence.

Encompass Health (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Waco, a 40-bed facility in Robinson, Texas. This new hospital features all private patient rooms, advanced rehabilitation technologies, and comprehensive services for patients recovering from serious conditions like strokes and spinal cord injuries. This marks the company's 141st inpatient rehabilitation hospital and 26th in Texas, reaffirming its commitment to improving access to quality rehabilitation care.

Encompass Health Corporation (NYSE: EHC) reported strong Q2 2021 results, with net operating revenues rising 19.9% to $1,287.7 million compared to Q2 2020. Income from continuing operations per diluted share surged by 232.4% to $1.13, driven by revenue growth across both inpatient rehabilitation and home health segments. Adjusted EBITDA increased 71.9% to $278.9 million. The company raised its full-year guidance, projecting revenues between $5,100 and $5,250 million and adjusted earnings per share from continuing operations between $4.32 and $4.47. Strategic alternatives for the home health business are still under review.

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.