Encompass Health Corporation - EHC STOCK NEWS

Encompass Health Corporation (EHC) reported a strong start to 2021, with Q1 net operating revenues of $1,230.4 million, a 4.1% increase from Q1 2020. Income from continuing operations per diluted share rose 23.0% to $1.07. Adjusted EBITDA grew by 10.0% to $250.8 million. The company raised its 2021 guidance, anticipating net revenues between $5,060 and $5,230 million and adjusted EBITDA of $1,000 to $1,030 million. Notably, the suspension of sequestration contributed to positive performance despite some declines in volume.

Encompass Health Corp. (NYSE: EHC) has announced a definitive agreement to acquire the home health and hospice assets of Frontier Home Health and Hospice. This strategic acquisition includes nine home health and eleven hospice locations across Alaska, Colorado, Montana, Washington, and Wyoming, aiming to enhance Encompass's presence in new and existing markets. The Frontier locations generated approximately $36 million in revenue in 2020. The transaction is expected to close in Q2 2021, pending customary closing conditions and regulatory approval, with funding sourced from cash on hand and credit facilities.

Encompass Health Corp. (NYSE: EHC) announced its participation in the UBS Global Healthcare Virtual Conference scheduled for May 24-26, 2021. A fireside chat featuring CEO Mark Tarr, CFO Doug Coltharp, and EVP Barb Jacobsmeyer will take place on May 25, 2021, at 9 a.m. EDT. The event will be broadcast live and accessible through the company's investor relations website. Encompass Health operates a large healthcare network across the U.S., providing integrated services through its hospitals, home health, and hospice agencies.

Encompass Health Corp. (NYSE: EHC) has rescheduled its 2021 first quarter earnings conference call from 9 a.m. ET to 10 a.m. ET on April 28, 2021. This change aims to enable analysts to participate in both this call and another healthcare company's call. Interested parties can access the call by dialing 877-587-6761 or 706-679-1635 for international callers, using the pass code 8188583. A live webcast of the conference call will be available on the company's investor website.

Encompass Health Corp. (NYSE: EHC) will participate in the BofA Securities Virtual Health Care Conference from May 11-13, 2021. CEO Mark Tarr and CFO Doug Coltharp will host a fireside chat on May 11 at 2 p.m. ET, available via live webcast. Encompass Health is a national leader in integrated healthcare services, operating 139 inpatient rehabilitation hospitals, 241 home health locations, and 82 hospice agencies across 39 states and Puerto Rico. The company is recognized as one of Fortune’s 100 Best Companies to Work For.

Encompass Health has opened the Encompass Health Rehabilitation Hospital of North Tampa, a 50-bed inpatient facility in Lutz, Florida. This new hospital features private patient rooms, advanced rehabilitation technologies, and a range of therapies including physical, occupational, and speech therapy. The facility aims to meet the growing demand for quality rehabilitative care in the Tampa Bay area. With this opening, Encompass Health operates 139 rehabilitation hospitals nationwide, reinforcing its commitment to high-quality healthcare services.

Encompass Health Corp. (NYSE: EHC) announced that April Anthony will step down as CEO of Home Health and Hospice effective mid-June 2021. Under her leadership, the division's revenue grew from $400 million to $1.1 billion. The company is conducting a search for her successor while continuing its strategic review of the home health and hospice business initiated in December 2020. The leadership transition aims to maintain operational excellence to meet the increasing demand for in-home care from an aging population.

Encompass Health (NYSE: EHC) and Shannon Health have launched the Shannon Rehabilitation Hospital in San Angelo, Texas, marking Encompass's 138th inpatient rehabilitation facility. This 40-bed hospital provides private patient rooms, advanced rehabilitation technologies, and various therapies for patients recovering from strokes, brain injuries, and orthopedic conditions. Both organizations emphasize the hospital's role in enhancing care accessibility for local residents. Encompass Health's extensive network includes 138 hospitals and a strong reputation as a leading provider in integrated healthcare services.

Encompass Health Corp. (NYSE: EHC) will report its first-quarter results for the period ended March 31, 2021, after market closure on April 27, 2021. An investor conference call is scheduled for 9 a.m. ET on April 28, 2021, to discuss the results. The conference call can be accessed via a dedicated phone line or through a live webcast available on the company's investor website. Encompass Health is a leader in integrated healthcare services, operating 137 hospitals and 241 home health locations across the U.S. and Puerto Rico.