Health

Encompass Health continues financial growth in third quarter


Inpatient rehabilitation hospital and residential well being operator Embody Well being noticed a soar in working income through the third quarter, the corporate introduced in an earnings report Wednesday.

Embody Well being, based mostly in Birmingham, Alabama, skilled internet working income of $1.3 billion through the quarter, a 9.4% enhance from the year-ago interval.

Embody Well being attributed the rise to favorable pricing and inpatient rehabilitation discharge development. The corporate opened a number of inpatient rehabilitation hospitals this 12 months, and plans extra, in Florida, Kentucky, Louisiana, South Carolina, Texas and Wisconsin.

Positive aspects from Embody Well being’s inpatient rehab enterprise had been countered by poorer a efficiency from its dwelling well being and hospice phase, President and CEO Mark Tarr stated in a information launch.

“Our dwelling well being and hospice enterprise skilled COVID-related headwinds, which restricted quantity development and elevated prices. We stay very assured within the long-term tendencies for every of our companies and in our aggressive place,” Tarr stated.

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Embody Well being has expanded to incorporate 144 hospitals, 249 dwelling well being websites and 95 hospice areas in 42 states and Puerto Rico.

The corporate additionally disclosed a lawsuit towards the former CEO of its dwelling well being and hospice operation, April Anthony, which alleges she breached her employment settlement’s non-compete and non-solicitation necessities and appropriated commerce secrets and techniques. Embody filed the lawsuit in a Texas state court docket on Tuesday.



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