Encompass Health to Expand Florida Presence With New 50-bed Facility

Core Viewpoint - Encompass Health Corporation (EHC) is expanding its operations by planning to build a new 50-bed inpatient rehabilitation hospital in Apollo Beach, Florida, to enhance access to advanced rehabilitation services for patients recovering from serious medical conditions [1][2]. Company Expansion Plans - The new facility in Apollo Beach is part of EHC's broader growth strategy in high-demand markets, aiming to bring personalized rehabilitative care closer to patients and strengthen the brand's visibility in a growing community [2]. - EHC currently operates 167 hospitals across 38 states and Puerto Rico, with plans to open seven de novo hospitals and add 340 beds in 2025, along with a 50-bed satellite hospital [4]. - The company aims to inaugurate six to ten de novo hospitals each year from 2023 to 2027, with annual bed additions ranging from 80 to 120 [5]. Market Position and Performance - EHC's expansion reflects confidence in the profitability of entering underserved, high-growth regions, positioning the company to capture a larger share of the post-acute care market in Florida [3]. - Shares of Encompass Health have increased by 26.6% year-to-date, outperforming the industry growth of 4.2% [6]. - The company holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence [7].