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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 Corporation (NYSE: EHC) announced separate full-year 2022 guidance for its inpatient rehabilitation business and its home health and hospice business (Enhabit). The company plans to spin off Enhabit on July 1, 2022, subject to regulatory approvals. Updated guidance includes consolidated net operating revenues of $5,330 to $5,420 million, adjusted EBITDA of $1,005 to $1,045 million, and adjusted earnings per share from continuing operations of $3.76 to $4.05. Key factors include Medicare pricing adjustments and anticipated operational improvements in the second half of 2022.
Encompass Health Corp. (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Cape Coral, a state-of-the-art 40-bed inpatient facility in Florida. This hospital features all private patient rooms, advanced rehabilitation technologies, and specialized nursing, therapy, and medical services aimed at helping patients recover from serious conditions like strokes and spinal cord injuries. The Cape Coral facility is the 149th hospital for Encompass Health and the 17th in Florida, with plans for two more hospitals to open in the state later this year.
Encompass Health Corp. (NYSE: EHC) has announced the construction of a new 60-bed inpatient rehabilitation hospital in Houston, Texas. Located at 3000 Yellowstone Boulevard, this facility will support patients recovering from severe illnesses and injuries with 24-hour nursing care and specialized therapies, including physical and occupational therapy. The hospital is set to enhance Encompass Health's existing network of rehabilitation services in Texas and will feature modern amenities like private patient rooms and advanced rehabilitation technologies.
Encompass Health Corp. (NYSE: EHC) will present at the UBS Global Healthcare Conference from May 23-25, 2022, in New York City. The company's President & CEO, Mark Tarr, and CFO, Doug Coltharp, will engage in a fireside chat on May 24, from 9:15-9:55 a.m. ET. Interested parties can access the live webcast here. Encompass Health is a leader in integrated healthcare services, operating nationwide with 148 hospitals and 252 home health locations, delivering high-quality patient care.
Encompass Health (NYSE: EHC) has opened the Encompass Health Rehabilitation Hospital of Lakeland, a 50-bed facility aimed at aiding recovery from serious illnesses and injuries. Located in Lakeland, Florida, it offers specialized care including physical and occupational therapies, 24-hour nursing, and access to advanced technologies. This new hospital is the 148th in Encompass Health's network and enhances care options in the region. The facility is designed to provide patients with a minimum of three hours of therapy each day, fostering independence and functionality.
Encompass Health Corporation (NYSE: EHC) declared a quarterly cash dividend of $0.28 per share, payable on July 20, 2022. The record date for the dividend is July 13, 2022. This adjustment in payment dates accommodates the upcoming spin-off of its Enhabit Home Health and Hospice business, set for July 1, 2022. Encompass Health operates a vast network of healthcare facilities, providing integrated services across the United States, and is recognized for its workplace culture.
Encompass Health (NYSE: EHC) has opened its new Rehabilitation Hospital of Tustin, comprising 65 private patient rooms. Located at 15120 Kensington Park Drive, this facility replaces the previous hospital at 14851 Yorba Street. It provides specialized care for patients recovering from serious conditions including strokes and spinal cord injuries. The hospital offers advanced therapies and has received certification for its stroke rehabilitation program from The Joint Commission. CEO Paula Redmond emphasized the hospital's commitment to enhancing patient recovery and independence.
Encompass Health Corporation (EHC) reported Q1 2022 results, showing net operating revenues of $1,333.6 million, up 8.4% year-over-year. However, income from continuing operations per diluted share fell 18.7% to $0.87. The inpatient rehabilitation segment grew revenues by 10.4%, with same-store discharge growth at 3.8%. Cash flow from operating activities increased by 38.1%. Despite higher costs impacting adjusted EBITDA and staffing challenges, the company remains optimistic about its long-term prospects and has reaffirmed its 2022 guidance.
Encompass Health Corp. (NYSE: EHC) will participate in the BofA Securities 2022 Healthcare Conference in Las Vegas from May 10-12, with a virtual option on May 13. The company’s President and CEO, Mark Tarr, is scheduled to present on May 10 at 3:20 p.m. PT during a fireside chat. The presentation will be streamed live on the company's investor relations website. Encompass Health is recognized as a national leader in integrated healthcare, operating 147 hospitals and providing diverse patient care services across the U.S. and Puerto Rico.
Encompass Health (NYSE: EHC) has opened a new 85-bed inpatient rehabilitation hospital in Huntsville, Alabama, replacing its previous facility. The hospital assists patients recovering from serious illnesses and injuries, offering a range of therapies and care from specialized staff. The facility features private rooms and advanced medical amenities, aiming to enhance patient recovery. It also received certification from The Joint Commission for various rehabilitation programs, confirming its commitment to quality care. This expansion is set to improve access to rehabilitation services for the local community.
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