Encompass Health Corporation - EHC STOCK NEWS

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.

Encompass Health Corp. (NYSE: EHC) has announced plans to construct a new 50-bed inpatient rehabilitation hospital in The Villages, Florida. This facility aims to provide essential rehab services for patients recovering from serious illnesses and injuries, including strokes and spinal cord injuries. Encompass Health will enhance local acute care with specialized therapies and advanced rehabilitation technologies. Currently, the company operates 19 rehabilitation hospitals in Florida and plans to open five more in the next three years, highlighting a strategic expansion in the region.

Encompass Health Corp. (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Naples, a 50-bed facility aimed at aiding recovery from severe illnesses and injuries. Located at 14305 Collier Blvd, the hospital offers comprehensive care, including 24-hour nursing, physical, occupational, and speech therapies. It features private rooms, a large therapy gym, and an activities suite. This new facility represents Encompass Health's 153rd inpatient hospital and 19th in Florida, enhancing local access to specialized rehabilitative care.

Encompass Health Corp. (NYSE: EHC) plans to establish a 50-bed inpatient rehabilitation hospital in Norristown, Pennsylvania, aimed at enhancing local healthcare services. This facility will offer specialized care for patients recovering from severe conditions like strokes and spinal injuries, featuring private rooms and advanced rehabilitation technology. With this, Encompass Health will have 10 rehabilitation hospitals in Pennsylvania. The initiative aligns with its commitment to improve access to quality rehabilitation care in Southeast Pennsylvania.