We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Encompass Health (EHC) Opens Rehabilitation Hospital in Ballwin
Read MoreHide Full Article
Encompass Health Corporation (EHC - Free Report) recently announced the opening of The Rehabilitation Institute of St. Louis – West County, at 998 Woods Mill Road. This new 40-bed inpatient rehabilitation hospital is a joint venture (JV) between Encompass Health and BJC HealthCare, one of the largest nonprofit healthcare organizations in the country.
The move strengthens Encompass Health’s partnership with BJC HealthCare, which now includes three hospitals. The new hospital in Ballwin, MO, will help patients recover from amputations, brain injuries, complex orthopedic conditions, spinal cord injuries and strokes and regain function.
Patients are expected to receive at least three hours of intensive therapy five days a week and whole-day nursing care. The move expands EHC’s footprint in the state. It has 162 hospitals in 37 states and Puerto Rico. For 2024 alone, its plan for capacity additions includes six de novos with 280 beds. It plans to add 150 beds to existing hospitals.
Over the 2023-2027 period, Encompass Health plans to add 6-10 de novos, as well as make bed additions in the range of 80-120 per annum. It also targets to bring about a CAGR of 6-8% in discharges in the same time frame. These growth initiatives are expected to help the company address the growing demand for rehabilitation services and penetrate a highly fragmented market.
This will enable the company to capture a greater market share and deliver attractive financial returns. Its growth efforts are boosting patient volumes and discharges, leading to better cash generation. EHC’s net patient revenue per discharge gained 2.8% year over year in the first quarter of 2024.
Price Performance
Shares of Encompass Health have gained 38.4% in the past year compared with the 23.3% growth of the industry.
The Zacks Consensus Estimate for Sera Prognostics’ 2024 bottom line suggests a 19% year-over-year improvement. SERA‘s average earnings surprise for the past four quarters is at 3.7%. The consensus mark for its current-year revenues indicates a 14.4% year-over-year increase.
The Zacks Consensus Estimate for Brookdale Senior’s full-year 2024 earnings suggests a 38.1% year-over-year improvement. It has witnessed one upward estimate revision over the past month against no movement in the opposite direction. BKD beat earnings estimates in two of the past four quarters and missed on the other occasions.
The Zacks Consensus Estimate for HealthEquity’s current-year earnings implies a 28.9% increase from the year-ago reported figure. HQY beat earnings estimates in each of the last four quarters, with an average surprise of 17.4%. The consensus mark for its current-year revenues is pegged at $1.2 billion, which indicates a 15.5% year-over-year increase.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Encompass Health (EHC) Opens Rehabilitation Hospital in Ballwin
Encompass Health Corporation (EHC - Free Report) recently announced the opening of The Rehabilitation Institute of St. Louis – West County, at 998 Woods Mill Road. This new 40-bed inpatient rehabilitation hospital is a joint venture (JV) between Encompass Health and BJC HealthCare, one of the largest nonprofit healthcare organizations in the country.
The move strengthens Encompass Health’s partnership with BJC HealthCare, which now includes three hospitals. The new hospital in Ballwin, MO, will help patients recover from amputations, brain injuries, complex orthopedic conditions, spinal cord injuries and strokes and regain function.
Patients are expected to receive at least three hours of intensive therapy five days a week and whole-day nursing care. The move expands EHC’s footprint in the state. It has 162 hospitals in 37 states and Puerto Rico. For 2024 alone, its plan for capacity additions includes six de novos with 280 beds. It plans to add 150 beds to existing hospitals.
Over the 2023-2027 period, Encompass Health plans to add 6-10 de novos, as well as make bed additions in the range of 80-120 per annum. It also targets to bring about a CAGR of 6-8% in discharges in the same time frame. These growth initiatives are expected to help the company address the growing demand for rehabilitation services and penetrate a highly fragmented market.
This will enable the company to capture a greater market share and deliver attractive financial returns. Its growth efforts are boosting patient volumes and discharges, leading to better cash generation. EHC’s net patient revenue per discharge gained 2.8% year over year in the first quarter of 2024.
Price Performance
Shares of Encompass Health have gained 38.4% in the past year compared with the 23.3% growth of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Encompass Health currently has a Zacks Rank #2 (Buy). Investors interested in the broader Medical space may look at some other top-ranked players like Sera Prognostics, Inc. (SERA - Free Report) , Brookdale Senior Living Inc. (BKD - Free Report) and HealthEquity, Inc. (HQY - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Sera Prognostics’ 2024 bottom line suggests a 19% year-over-year improvement. SERA‘s average earnings surprise for the past four quarters is at 3.7%. The consensus mark for its current-year revenues indicates a 14.4% year-over-year increase.
The Zacks Consensus Estimate for Brookdale Senior’s full-year 2024 earnings suggests a 38.1% year-over-year improvement. It has witnessed one upward estimate revision over the past month against no movement in the opposite direction. BKD beat earnings estimates in two of the past four quarters and missed on the other occasions.
The Zacks Consensus Estimate for HealthEquity’s current-year earnings implies a 28.9% increase from the year-ago reported figure. HQY beat earnings estimates in each of the last four quarters, with an average surprise of 17.4%. The consensus mark for its current-year revenues is pegged at $1.2 billion, which indicates a 15.5% year-over-year increase.