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) 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.
Encompass Health Corp. (NYSE: EHC) has scheduled its virtual annual meeting of stockholders for 11 a.m. CDT on May 6, 2021, in response to COVID-19 health concerns. Shareholders are encouraged to retain their control numbers from proxy cards for meeting access. A replay of the audio webcast will be available post-meeting on the company's investor relations 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.
Encompass Health Corp. (NYSE: EHC) has received a certificate of need to construct a 39-bed inpatient rehabilitation hospital in Fort Mill, South Carolina. The facility will offer comprehensive rehabilitation services, including physical, occupational, and speech therapies, alongside 24-hour nursing care. It will focus on patients recovering from severe illnesses and injuries, such as strokes and brain injuries. Once operational, this hospital will be part of Encompass Health's extensive network, expanding its footprint in South Carolina, where it currently operates seven rehabilitation hospitals.
Encompass Health Corp. (NYSE: EHC) announced plans to build a new 40-bed inpatient rehabilitation hospital in Prosper, Texas, enhancing its existing network in the Dallas-Fort Worth area. The facility will offer comprehensive rehabilitative care including physical, occupational, and speech therapies for patients recovering from serious health issues such as strokes and spinal cord injuries. The hospital will feature private rooms, advanced therapy technologies, and a range of amenities. This expansion continues Encompass Health's growth strategy as the largest operator of inpatient rehabilitation hospitals in the U.S.
Encompass Health Corporation (NYSE: EHC) has announced the redemption of $100 million in outstanding 5.125% senior notes due 2023, effective April 5, 2021. The redemption price will equal 100% of the par value, plus accrued interest. Funding for this redemption will come from cash on hand and the revolving credit facility. This action is expected to incur a loss of approximately $0.6 million on early extinguishment of debt in Q2 2021.
Encompass Health (NYSE: EHC) and Right at Home have established a preferred provider relationship aimed at enhancing home health care services. This collaboration, effective since Q4 2020, focuses on innovative, value-based delivery models that prioritize quality patient outcomes. The partnership promises to improve care coordination for patients with complex needs through data sharing and collaborative efforts. Both companies emphasize a commitment to transforming post-acute care through integrated services and innovation.
Encompass Health Corp. (NYSE: EHC) announced plans to build a new 50-bed inpatient rehabilitation hospital in Osceola County, near Kissimmee, Florida. The facility will provide comprehensive rehabilitation services, including physical, occupational, and speech therapies, aimed at improving patients' functional abilities after severe illnesses and injuries. The hospital will feature private patient rooms, advanced rehabilitation technologies, and various therapeutic environments. This addition will expand Encompass Health's presence in Florida, which already includes multiple rehabilitation hospitals and home health locations.
Encompass Health Corporation (NYSE: EHC) has declared a quarterly cash dividend of $0.28 per share on its common stock. This dividend will be payable on April 15, 2021, to stockholders of record as of April 1, 2021, reflecting the company's commitment to providing value to its shareholders.
Encompass Health operates a comprehensive network that includes 137 hospitals and 241 home health locations across the United States.
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