Welcome to our dedicated page for Encompass Health news (Ticker: EHC), a resource for investors and traders seeking the latest updates and insights on Encompass Health stock.
Encompass Health Corp (NYSE: EHC) operates the largest network of inpatient rehabilitation hospitals in the United States alongside extensive home health and hospice services. The company's news flow reflects its position as the dominant player in post-acute care, covering hospital expansion, health system partnerships, and quarterly financial performance.
News coverage for Encompass Health typically centers on several recurring themes. Facility expansion announcements detail new rehabilitation hospital openings, groundbreakings, and joint venture partnerships with regional health systems. These developments signal geographic growth and referral network expansion. Earnings releases provide insight into patient volumes, reimbursement trends, and segment performance across inpatient rehabilitation and home health operations.
Industry recognition and clinical outcomes frequently appear in Encompass Health news. The company regularly receives awards for rehabilitation quality and patient outcomes, reflecting its focus on clinical excellence. Partnership announcements reveal strategic relationships with hospital systems that refer patients for post-acute care.
For investors and healthcare professionals tracking the post-acute care sector, Encompass Health news provides a window into Medicare reimbursement trends, rehabilitation demand, and competitive dynamics in the fragmented home health market. Monitor this page for facility development updates, financial results, and strategic initiatives shaping the rehabilitation healthcare landscape.
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.
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.
FAQ
What is the current stock price of Encompass Health (EHC)?
What is the market cap of Encompass Health (EHC)?
