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BIRMINGHAM, Ala., Nov. 29, 2018 /PRNewswire/ -- Encompass Health Corp. (NYSE: EHC), formerly known as HealthSouth Corp., today announced plans to build a 40-bed inpatient rehabilitation hospital in Sioux Falls, South Dakota, expected to be named Encompass Health Rehabilitation Hospital of Sioux Falls.
The freestanding hospital will be located at 4700 W. 69th Street. It will provide comprehensive rehabilitative services to patients overcoming debilitating illnesses and injuries including stroke and other neurological disorders, brain injury, spinal cord injury, amputation and complex orthopedic conditions.
"We are excited to be bringing our high-quality, cost-effective rehabilitative services to South Dakota through this new hospital in Sioux Falls," said Troy DeDecker, president of Encompass Health's central region. "As one of the nation's leaders in post-acute healthcare, Encompass Health will be a great community partner and a trusted care provider in the Sioux Falls area."
Included in the hospital will be a large therapy gym, rehabilitation technologies, activities-of-daily-living suite, dining room, in-house pharmacy, and courtyard. The Company expects the project will represent an investment of approximately $28 million and will bring approximately 83 full-time jobs to the community. Construction is expected to start in spring 2019 with patient care beginning in the summer of 2020.
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 130 hospitals and 273 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. 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 have been or may be brought by or against the Company; the possibility this project will experience unexpected delays; 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 and Form 10-Q for the quarters ended Sept. 30, 2018, June 30, 2018 and March 31, 2018.
SOURCE Encompass Health Corp.