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MarketScreener Homepage  >  Equities  >  Nyse  >  Encompass Health Corporation    EHC

ENCOMPASS HEALTH CORPORATION

(EHC)
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Encompass Health : to build a 50-bed inpatient rehabilitation hospital in Lakeland, Florida

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07/21/2020 | 04:45pm EDT
New Lakeland rehabilitation hospital at a glance
  • Encompass Health has placed land under contract to build a 50-bed inpatient rehabilitation hospital in Lakeland, Florida.
  • The new hospital to be named Encompass Health Rehabilitation Hospital of Lakeland will provide intensive physical rehabilitative services.
  • A construction timeline for the hospital has not yet been established.

Encompass Health has placed land under contract and plans to build a freestanding, 50-bed inpatient rehabilitation hospital in Lakeland, Florida, to be named Encompass Health Rehabilitation Hospital of Lakeland.

Complementing local acute care services, the hospital will care for patients recovering from debilitating illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. The hospital will provide physical, occupational and speech therapies that aim to restore functional ability and quality of life and 24-hour care by registered nurses, many of whom are certified in rehabilitation nursing.

The medical staff will be comprised of physicians experienced in physical medicine and rehabilitation as well as other specialties such as internal medicine, cardiology, infectious disease and nephrology to assist in the medical management and support a complex patient population.

'The hospital we will build in Lakeland is a freestanding, state-of-the-art physical plant. The design is specific to caring for rehabilitation patients and is based off our experience operating 12 hospitals in Florida and 136 hospitals throughout the nation,' said Linda Wilder, president of Encompass Health's southeast region. 'Additionally our staff is dedicated to, trained and singularly focused on the specialty practice of physical rehabilitation, which will make the services we bring a high-quality complement to the existing strong healthcare services in the area. We are very glad to have the opportunity to serve the patients and community of Lakeland and the surrounding area.'

The hospital will feature all private patient rooms, a spacious therapy gym with advanced rehabilitation technologies and an activities of daily living suite, cafeteria, dining room, pharmacy and therapy courtyard.

The planned hospital, once opened, will become part of Encompass Health's national network of inpatient rehabilitation hospitals and home health and hospice agencies.

The Company's Florida footprint currently includes 12 inpatient rehabilitation hospitals, a hospital under construction in north Tampa and 19 home health locations. A construction timeline for the hospital has not yet been established.

The Company's development pipeline includes previously announced future openings of inpatient rehabilitation hospitals in markets across the country, including a recent announcement for a future inpatient rehabilitation hospital in St. Augustine, Florida.

Encompass Health to build a freestanding, 50-bed inpatient rehabilitation hospital to be named Encompass Health Rehabilitation Hospital of Lakeland.

Disclaimer

Encompass Health Corporation published this content on 21 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2020 20:45:19 UTC

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Financials (USD)
Sales 2020 4 686 M - -
Net income 2020 306 M - -
Net Debt 2020 3 111 M - -
P/E ratio 2020 21,1x
Yield 2020 1,76%
Capitalization 6 376 M 6 376 M -
EV / Sales 2020 2,02x
EV / Sales 2021 1,83x
Nbr of Employees 35 690
Free-Float 85,8%
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Mean consensus BUY
Number of Analysts 14
Average target price 87,23 $
Last Close Price 64,12 $
Spread / Highest target 56,0%
Spread / Average Target 36,0%
Spread / Lowest Target 24,8%
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NameTitle
Mark J. Tarr President, Chief Executive Officer & Director
Leo I. Higdon Chairman
Douglas E. Coltharp Chief Financial Officer & Executive Vice President
Rusty Yeager Chief Information Officer & Senior Vice President
Elissa Joy Charbonneau Chief Medical Officer
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