Encompass Health Opens Atlanta Rehabilitation Hospital, Expands Presence in Georgia

Encompass Health Corporation, known as EHC, has recently inaugurated the Rehabilitation Hospital of Atlanta, offering 40 beds for inpatient care at 1968 Peachtree Road NW. This joint venture (JV) between Encompass Health and Piedmont, the largest healthcare system in Georgia, aims to provide comprehensive rehabilitation services in Atlanta. The new hospital will cater to patients recovering from various conditions such as amputations, brain injuries, orthopedic issues, spinal cord injuries, and strokes, fostering their journey to regain functionality.

As Encompass Health continues to strengthen its collaboration with Piedmont, the opening of the Atlanta facility marks a significant milestone as the 162nd inpatient rehabilitation hospital across 37 states and Puerto Rico. Expanding its presence in Georgia, Encompass Health now operates seven locations in the state, enhancing access to quality rehabilitation services.

Looking ahead, Encompass Health has ambitious growth plans, aiming to open six new hospitals this year with a total of 280 beds while increasing bed count in existing facilities by 150. The company also targets the annual addition of 6-10 hospitals and 80-120 beds in the 2023-2027 period, with a focus on achieving a 6-8% annual discharge growth rate. These strategic initiatives align with the company's objective of meeting the escalating demand for rehabilitation services and consolidating its market position in a competitive landscape.

Furthermore, Encompass Health's strong financial performance is reflected in its share price, which has surged 40.6% over the past year, outperforming the industry growth of 21.7%. The company's commitment to expansion and innovation positions it favorably to capture a larger market share and deliver robust financial results.

Additionally, Encompass Health currently holds a Zacks Rank #2 (Buy), underscoring its potential for future growth. With a strong focus on providing top-notch rehabilitation services, Encompass Health is set to capitalize on the increasing demand for specialized care. Supported by strategic partnerships and a commitment to excellence, the company is well-positioned to drive value for patients and stakeholders alike.