Encompass Health Corporation (NYSE: EHC) is a leading provider of post-acute healthcare services, operating as the largest system of inpatient rehabilitation hospitals in the United States. Founded in 1984 and formerly known as HealthSouth Corporation, the company focuses exclusively on facility-based rehabilitative care following the 2022 spin-off of its home health and hospice business, Enhabit. Encompass Health operates a vast network of over 170 inpatient rehabilitation hospitals across 39 states and Puerto Rico. The company's business model centers on providing comprehensive, intensive rehabilitation services to patients recovering from significant medical events such as strokes, neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, and complex orthopedic conditions. Revenue is primarily generated through Medicare, which accounts for the majority of its patient discharges, alongside managed care and other third-party payors. By focusing purely on inpatient rehabilitation, Encompass Health leverages its scale, specialized clinical expertise, and advanced technology to deliver high-quality patient outcomes, maintaining a dominant competitive position in the highly fragmented U.S. post-acute care market.
