Encompass Health Corporation - EHC STOCK NEWS

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.

Encompass Health Corp. (NYSE: EHC) announced plans to construct a 50-bed inpatient rehabilitation hospital in St. Petersburg, Florida. This facility aims to assist patients recovering from serious conditions like strokes, brain injuries, and complex orthopedic issues, providing specialized care and therapies. Located near Tyrone Boulevard North, the hospital will feature private rooms, a therapy gym, and various patient amenities. Encompass currently operates 19 hospitals in Florida and plans to open six more in the coming years.

Encompass Health Corporation (NYSE: EHC) has declared a quarterly cash dividend of $0.15 per share on its common stock. This dividend is set to be paid on January 17, 2023, to shareholders on record as of January 3, 2023. With a presence in 153 hospitals across 36 states and Puerto Rico, Encompass Health continues to be a leader in rehabilitation care, providing high-quality services aided by advanced technology. The company is recognized for its positive workplace culture, listed among Fortune's 100 Best Companies to Work For.

Encompass Health Corp. (NYSE: EHC) has been recognized by Modern Healthcare as one of the 'Best Places to Work in Healthcare' for 2022, marking its 11th consecutive year on the list. Company president Mark Tarr credited the accolade to the dedicated efforts of its employees who deliver high-quality patient care and foster an exceptional workplace culture. Encompass Health operates 153 rehabilitation hospitals across 36 states and Puerto Rico, providing innovative rehabilitation services to support patient recovery.

Encompass Health Corp. (NYSE: EHC) and Piedmont announced a certificate of need award to construct a 40-bed inpatient rehabilitation hospital in Athens, Georgia. This facility aims to support patients recovering from serious conditions such as strokes and brain injuries, featuring all private rooms, advanced therapy technologies, and 24-hour nursing care. This marks a significant expansion for Encompass, which already operates five hospitals in Georgia and plans to open two more in the next three years, highlighting a commitment to enhance local healthcare access.

Encompass Health Corp. (EHC) has announced it will report its third quarter results after market close on October 26, 2022. An investor conference call is scheduled for 10 a.m. ET on October 27, 2022, to discuss the results. The company, operating 153 rehabilitation hospitals across 36 states and Puerto Rico, is recognized for high-quality rehabilitative care. Investors can access the call via phone or through a live webcast available on the company’s investor website.