EHC News & Events

Encompass Health announced plans to build a freestanding, 50-bed inpatient rehabilitation hospital in Flowood, Mississippi. The hospital will serve patients recovering from debilitating illnesses and injuries, including strokes and other neurological disorders, brain and spinal cord injuries, amputations and complex orthopedic conditions. In addition to 24-hour nursing care, the hospital will offer physical, occupational and speech therapies designed to help patients restore function and improve their quality of life. Care will be provided by specialized nurses, therapists and physicians. The hospital, expected to open in 2027, will be part of Encompass Health's national network of rehabilitation hospitals and its second location in Mississippi, with an existing location in Gulfport.

Enhabit (EHAB) announced that, along with Encompass Health (EHC), they have collected $43.1M in full satisfaction of their claims for attorneys' fees and mitigation damages in the Delaware Court of Chancery against former officer Chris Walker, Vistria Group senior partner David Schuppan, and Nautic Partners managing director Christopher Corey. These claims related to the December 2024 judgment in favor of Enhabit and Encompass Health, finding "egregious breaches of the duty of loyalty" by April Anthony, Luke James, and Walker while serving as senior officers at Encompass Health's former home health and hospice division, which is now Enhabit. Enhabit and Encompass Health will divide the settlement proceeds substantially equally. The Court of Chancery also imposed a constructive trust through which Enhabit and Encompass Health will split 43% of VitalCaring Group's ongoing profits and exit proceeds if and when VitalCaring is sold.

Tech selloff that has weighed on market sentiment this week has become more widespread and indiscriminate on Thursday.  Whereas Energy and Basic Materials - sectors that cannot be replaced by agentic AI - had offered investors some refuge thus far, today's selloff is rapidly morphing into a wider panic.  Materials was the worst performing sector on Wednesday as traders resumed selling precious metals while also reacting to the busted Rio Tinto - Glencore deal, crypto continued to plummet, and the fever in the software space showed no signs of breaking.  Moreover, the Vix fear index closed above 21 handle for the first time this year as funds rapidly rotated into Utilities and Treasuries.The opening hours of the evening session are seeing little relief following another high-profile MAG-7 name reporting disappointing results, with Amazon.comfalling over 10% afterhours.  S&P e-minis are down 0.7%, Nasdaq 100 contract is off by 1.2%, and Dow Industrials is slipping by 0.4%.  In commodities, WTI crude is down another 1% below $63 while gold and silver are  below $4,780 and $70 per ounce respectively - the latter now down a whopping 40% from all-time highs seen just last week.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Encompass Health Corporationup 13.5%BILL Holdings, Inc.up 11.5%Dave Inc.up 8.4%Robloxup 8.0%Redditup 4.0%Fortinetup 2.9%Monolithic Powerup 2.1%DOWN AFTER EARNINGS -Doximitydown 37.2%Molinadown 33.6%Amazondown 10.7%Illuminadown 8.6%Microchipdown 7.7%Affirmdown 6.1%Atlassiandown 4.3%Paylocitydown 4.0%