Encompass Health Corp

Encompass Health Corporation (NYSE: EHC) is the nation's largest owner and operator of inpatient rehabilitation hospitals, measured by patients treated, revenues, and number of facilities. The company operates 173 inpatient rehabilitation hospitals across 39 states and Puerto Rico, with significant concentrations in Florida and Texas. Its website is www.encompasshealth.com.

The company provides specialized rehabilitative treatment on an inpatient basis for patients recovering from major injuries or illnesses who seek to regain functional ability, independence, and quality of life. Approximately 92 percent of patients are admitted from acute-care hospitals following physician referrals for specific acute inpatient rehabilitative care. Patients typically have experienced significant physical or cognitive disabilities due to conditions such as strokes, hip fractures, and debilitating neurological conditions. Treatment is delivered by teams of nurses, physical therapists, occupational therapists, and speech therapists using advanced technology and clinical protocols.

Encompass Health operates 11,465 licensed beds and treated 263,299 patient discharges in 2025. The company generated total net operating revenues of $5.9 billion, with inpatient services representing $5.8 billion and other services contributing $178.9 million. Medicare and Medicare Advantage programs account for approximately 82 percent of total revenues, with managed care representing 10.7 percent, Medicaid 3.1 percent, and other sources comprising the remainder.

The company employs over 42,000 individuals across clinical and administrative roles. More than one-third of its inpatient rehabilitation hospitals operate as joint ventures with acute-care hospitals or healthcare systems. The company holds 149 hospitals with one or more Joint Commission Disease-Specific Care Certifications, including stroke rehabilitation, hip fracture rehabilitation, brain injury rehabilitation, and spinal cord injury rehabilitation certifications. Encompass Health owns approximately 79 percent of its hospital real estate.

The company's competitive strengths include its clinical expertise and high-quality patient outcomes, cost-effectiveness through scale and data-driven practices, extensive application of technology and innovation, strong financial resources, and strategic relationships with healthcare systems. The company has opened or acquired 78 new hospitals since 2012 and increased licensed bed capacity by approximately 72 percent during that period.