Encompass Health Corporation - EHC STOCK NEWS

Encompass Health (NYSE: EHC) and Ascension St. John have opened the new Ascension St. John Rehabilitation Hospital in Owasso, Oklahoma. This 40-bed facility focuses on patients recovering from serious illnesses and injuries, including strokes and neurological disorders. It offers comprehensive services such as 24-hour nursing care and specialized therapies. This joint venture expands their partnership, enhancing rehabilitation services in the Tulsa area. The hospital's features include private rooms, advanced therapy technologies, and on-site dialysis.

On March 10, 2023, Encompass Health (NYSE: EHC) and HSHS Sacred Heart Hospital announced the opening of the Rehabilitation Hospital of Western Wisconsin in Eau Claire. This 36-bed rehabilitation facility will replace a 24-bed unit that has operated since 1978. Equipped with private rooms, advanced therapy technologies, and specialized nursing care, the hospital aims to provide comprehensive rehabilitation services for patients recovering from serious health issues like strokes and spinal cord injuries. This marks Encompass Health's first facility in Wisconsin, expanding its national footprint of 155 hospitals across the U.S.

On March 9, 2023, Encompass Health and Covenant Health announced the opening of the Patricia Neal Rehabilitation Hospital West in Knoxville, Tennessee. This 51-bed facility is designed for patients recovering from severe illnesses and injuries, offering all private rooms and advanced rehabilitation services. The newly renovated Patricia Neal Rehabilitation Hospital Fort Sanders will also continue to provide care with a 22-bed capacity. CEO Jennifer Steely highlighted the importance of local access to specialized rehabilitation, aiming to support patient recovery and independence. This marks Encompass Health's 154th inpatient rehabilitation hospital nationwide.

Encompass Health Corp. (NYSE: EHC) will participate in the Barclays Global Healthcare Conference in Miami, Florida from March 14-16, 2023. Mark Tarr, President and CEO, and Doug Coltharp, EVP and CFO, will engage in a fireside chat on March 15, 2023, from 9:00 - 9:25 a.m. ET. Their presentation will be webcast live, accessible via their investor relations page.

Encompass Health operates 153 rehabilitation hospitals across the U.S. and Puerto Rico, providing innovative care for recovery from significant injuries or illnesses. The company is noted for its compassionate care and has received accolades from Fortune and Modern Healthcare.

Encompass Health Corporation (NYSE: EHC) has announced a quarterly cash dividend of $0.15 per share on its common stock, to be paid on April 17, 2023. Shareholders on record as of April 3, 2023 will receive this dividend. Encompass Health operates the largest network of rehabilitation hospitals in the U.S., with 153 facilities across 36 states and Puerto Rico. The company's commitment to providing high-quality rehabilitation care has earned it recognition, including being listed among Fortune's 100 Best Companies to Work For.

Encompass Health Corporation (NYSE: EHC) reported strong Q4 2022 results, with net operating revenue of $1,137.3 million, reflecting a 9.1% increase from Q4 2021. Key highlights include a 7.3% growth in patient discharges and a 32.4% rise in income from continuing operations per diluted share to $0.90. Adjusted EBITDA rose by 16.4% to $232.7 million, driven by revenue growth and reduced labor costs. However, full-year results showed a decline in income from continuing operations per share, down 14.4% to $2.56. The company provided 2023 guidance, projecting net operating revenue between $4,680 million and $4,760 million.

Encompass Health Corp. (NYSE: EHC) has announced plans to construct a new 50-bed inpatient rehabilitation hospital in Johnston, Rhode Island, scheduled to begin operations in 2024. This facility will improve access to essential rehabilitative care for patients recovering from conditions such as strokes and spinal cord injuries. The hospital will feature private rooms and advanced rehabilitation technologies, supported by specialized nursing and therapy staff. This marks Encompass Health's first establishment in Rhode Island, aligning with its growth strategy to enhance healthcare services in the Northeast.

Encompass Health Corp. (NYSE: EHC) will report its fourth quarter results on February 7, 2023, after market close. An investor conference call is scheduled for 10 a.m. ET on February 8, 2023, to discuss the earnings. The company operates 153 rehabilitation hospitals across 36 states and is recognized as one of Fortune's 100 Best Companies to Work For. Investors can access the conference call by dialing 800-245-3047 or via the company's investor website.

Encompass Health Corporation (EHC) reported a strong third quarter for 2022, with net operating revenue of $1,089.5 million, a 7.8% increase from 2021. Discharge growth was notable at 7.5%, including 4.1% same-store growth. However, profitability was impacted by rising staffing costs, prompting a revision of 2022 guidance. Adjusted earnings per share are now projected between $2.71 to $2.86, down from previous estimates. The company's long-term outlook remains positive despite these challenges.