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 announced a contract to build a 40-bed inpatient rehabilitation hospital in Cape Coral, Florida. This facility aims to cater to patients recovering from severe illnesses and injuries, offering physical, occupational, and speech therapies. The state-of-the-art hospital will feature private rooms and advanced rehabilitation technologies. Encompass Health's extensive experience, having treated nearly 190,000 rehabilitation patients annually, supports this venture, which aligns with the growing healthcare demand in the local area.
Encompass Health Corp. (NYSE: EHC) will participate in Baird's 2020 Global Healthcare Conference, taking place virtually on Sept. 9-10, 2020. CEO Mark Tarr and CFO Doug Coltharp are set for a fireside chat on Sept. 9 at 10:25 a.m. CDT. This session will be webcast live, accessible via their investor relations website. Encompass Health is a leader in integrated healthcare services, operating 136 rehabilitation hospitals and various home health and hospice locations across the U.S. and Puerto Rico, committed to high-quality care.
Encompass Health Corp. (NYSE: EHC) announced plans to build a 50-bed inpatient rehabilitation hospital in Naples, Florida. The facility aims to support patients recovering from serious conditions like strokes and spinal cord injuries. It will offer comprehensive rehabilitation services including physical, occupational, and speech therapy, with 24-hour care from specialized nurses. This new hospital will expand Encompass Health's presence in Florida, adding to its infrastructure of 12 existing rehab hospitals and further enhancing healthcare delivery in the region.
Encompass Health Corp. (EHC) reported its Q2 2020 results, revealing net operating revenues of $1,074.1 million, a 5.4% decline from Q2 2019. Income from continuing operations per diluted share dropped 63% to $0.34. Cash flow from operations totaled $222.3 million, up 52.9%. The inpatient rehabilitation segment saw a revenue decline of 5.7% due to decreased patient volumes amidst the COVID-19 pandemic, while hospice revenue grew 24.5% driven by acquisitions. The company declared a quarterly cash dividend of $0.28 per share and has enhanced liquidity through credit amendments and new note issuances.
Encompass Health Corp. (NYSE: EHC) has announced plans to construct a 50-bed inpatient rehabilitation hospital in Clermont, Florida. Complementing local acute care services, the hospital will focus on rehabilitation for patients recovering from strokes, neurological disorders, and other severe conditions. It aims to offer 24-hour care with a qualified medical staff, including specialists in various fields. This facility will enhance Encompass Health's existing network in Florida, which includes 12 rehabilitation hospitals and 19 home health locations.
Encompass Health Corp. (NYSE: EHC) has announced plans to construct a 50-bed freestanding inpatient rehabilitation hospital in Lakeland, Florida. This facility will provide specialized care for patients recovering from serious illnesses and injuries, including strokes and neurological disorders. It aims to offer high-quality rehabilitation services complemented by a dedicated medical team. With 12 existing hospitals in Florida and a comprehensive healthcare network, the new hospital is positioned to enhance local acute care services. A construction timeline has not yet been established.
Encompass Health Corp. (NYSE: EHC) has declared a quarterly cash dividend of $0.28 per share on its common stock. This dividend is payable on October 15, 2020, to shareholders on record as of October 1, 2020. As a leader in integrated healthcare services, the company operates 136 hospitals and 245 home health locations across the U.S. and Puerto Rico. Encompass Health is committed to providing high-quality, cost-effective care, showcasing its dedication to shareholder returns while maintaining a strong market position.
Encompass Health Corp. (NYSE: EHC) has acquired land in St. Augustine, Florida, for a new 40-bed inpatient rehabilitation hospital aimed at supporting patients recovering from severe illnesses and injuries. This facility will enhance the company's existing network of 12 rehabilitation hospitals in Florida and will provide tailored rehabilitation services, including 24-hour nursing care and various therapies. The company is yet to establish a construction timeline for the new hospital, which aims to address the increasing demand for rehabilitative services in the St. Augustine area.
Encompass Health Corp. (EHC) and Covenant Health have announced a joint venture to operate the Patricia Neal Rehabilitation Center in Knoxville, TN. This partnership involves filing for two certificate of need applications: one to build a new 51-bed inpatient rehabilitation hospital and another to renovate the existing center into a 22-bed facility. The renovations are part of a $50 million investment aimed at enhancing healthcare access in the region. Both projects will be completed by 2022.
Encompass Health Corp. (NYSE: EHC) will release its second quarter results for 2020 after market close on July 27, 2020. An investor conference call is scheduled for 9 a.m. ET on July 28, 2020, to discuss the results. Interested participants can access the call by dialing 877-587-6761, with the pass code 4793507. International callers should call 706-679-1635. The call will also be available via a live webcast and replay on the company's investor website.
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