Mar 12, 2018
Inpatient rehabilitation hospital expected to begin providing care in fall 2019
BIRMINGHAM, Ala., March 12, 2018 /PRNewswire/ — Encompass Health Corporation (NYSE: EHC), formerly known as HealthSouth Corporation, today announced plans to build a 40-bed inpatient rehabilitation hospital in Katy, Texas.
The 40-bed hospital will be located at The Reserve at Grand Parkway in Katy. It will provide comprehensive rehabilitative services and around-the-clock registered nursing care to patients overcoming a variety of debilitating illnesses and injuries such as stroke and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions.
“Encompass Health has been providing high-quality, cost-effective post-acute care in Texas for almost 28 years,” said Frank Brown, president of Encompass Health’s southwest region. “Through customized, comprehensive care, we help patients regain independence and restore function after they have experienced a life-changing illness or injury. We are excited for the opportunity to extend our services to Katy and serve even more patients requiring rehabilitative care.”
Included in the hospital will be a large therapy gym, rehabilitation technologies, an activities of daily living suite, dining room, in-house pharmacy and courtyard. The project will represent an investment of approximately $25 million and will bring approximately 90 full-time jobs to the community. Construction is expected to start in fall 2018 with patient care beginning in fall 2019.
Encompass Health provides post-acute services in 36 states and Puerto Rico and has 23 inpatient rehabilitation hospitals, 53 home health locations and nine hospice locations within its Texasnetwork.
About Encompass Health
As a national leader in post-acute care, Encompass Health (NYSE: EHC) offers both facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. With a national footprint that spans 127 hospitals and 237 home health & hospice locations in 36 states and Puerto Rico, the Company is committed to delivering high-quality, cost-effective care across the post-acute continuum. Driven by a set of shared values, Encompass Health is the result of the union between HealthSouth Corporation and Encompass Home Health & Hospice, and is ranked as one of Fortune’s 100 Best Companies to Work For, as well as Modern Healthcare’s Best Places to Work. For more information, visit encompasshealth.com, or follow us on Twitter and Facebook.
Statements contained in this press release which are not historical facts, such as those relating to the likelihood, timing and effects of the completion of this hospital project, are forward-looking statements. In addition, Encompass Health may from time to time make forward-looking public statements concerning the matters described herein. All such estimates, projections, and forward-looking information speak only as of the date hereof, and Encompass Health undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Encompass Health’s actual results or events may differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors which could cause actual results or events to differ materially from those anticipated include, but are not limited to, the regulatory review and approval process, any adverse outcome of various lawsuits, claims, and legal or regulatory proceedings that may be brought by or against the Company; the possibility this project will experience unexpected delays; the ability to successfully complete and integrate this project consistent with Encompass Health’s growth strategy, including realization of anticipated revenues, cost savings, and productivity improvements arising from the related operations and avoidance of unforeseen exposure to liabilities; changes in the regulation of the healthcare industry at either or both of the federal and state levels; competitive pressures in the healthcare industry and Encompass Health’s response thereto; the hospital’s ability to maintain proper local, state and federal licensing; potential disruptions, breaches, or other incidents affecting the proper operation, availability, or security of Encompass Health’s information systems; Encompass Health’s ability to attract and retain nurses, therapists, and other healthcare professionals in a highly competitive environment with often severe staffing shortages and the impact on Encompass Health’s labor expenses from potential union activity and staffing shortages; changes, delays in (including in connection with resolution of Medicare payment reviews or appeals), or suspension of reimbursement for Encompass Health’s services by governmental or private payors; general conditions in the economy and capital markets; and other factors which may be identified from time to time in Encompass Health’s SEC filings and other public announcements, including Encompass Health’s Form 10-K for the year ended Dec. 31, 2017.
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