Company: EHC
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000785161-25-000009
Chunk: 138

Company: Encompass Health Corp
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 138
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 Health in June 2024;

•began operating our new 50-bed inpatient rehabilitation hospital in Johnston, Rhode Island in July 2024;

•began operating our new 39-bed inpatient rehabilitation hospital in Fort Mill, South Carolina in September 2024;

•began operating our new 61-bed inpatient rehabilitation hospital in Houston, Texas in November 2024;

•expanded our capacity by adding 147 new beds to existing hospitals (inclusive of our new 40-bed satellite inpatient rehabilitation hospital in Ballwin, Missouri which began operating in May 2024); and

51

•announced or continued the development of the following hospitals:

Expected open dateNumber of New Beds202520262027De novo projects(1)Athens, Georgia(2)1Q2540——Fort Myers, Florida(2)2Q2560——Daytona Beach, Florida2Q2550——Danbury, Connecticut3Q2540——Lake Worth, Florida4Q2550——St. Petersburg, Florida4Q2550——Amarillo, Texas4Q2550——Irmo, South Carolina—50—Concordville, Pennsylvania—50—Loganville, Georgia(2)—40—Norristown, Pennsylvania—50—Avondale, Arizona—60—San Antonio, Texas—50—Wesley Chapel, Florida——50Palm Beach Gardens, Florida——50Bangor, Maine——50Remote and satellite hospitals (included in bed additions)(1)Wildwood, Florida (in The Villages, Florida)3Q2550——Other bed additions~100~100~100

(1) Opening dates are tentative

(2) Expected joint venture

We also continued our shareholder distributions in 2024 through common stock repurchases and paying a quarterly cash dividend on our common stock. For additional information on our common stock repurchases and quarterly dividend payments, see the “Liquidity and Capital Resources” section of this Item.

Business Outlook

We remain optimistic regarding the intermediate and long-term prospects of our business. Demographic trends, such as population aging, should continue to increase long-term demand for the services we provide. While we treat patients of all ages, most of our patients are 65 and older, and the number of Medicare enrollees is expected to grow approximately 3% per year for the foreseeable future, reaching approximately 73 million people over the age of 65 by 2030. More specifically, the average age of our Medicare patients