BIRMINGHAM, Ala. and
BOISE, Idaho, Feb. 12, 2018 /PRNewswire/ -- Encompass Health
Corporation (NYSE: EHC), formerly known as HealthSouth Corporation,
and Saint Alphonsus Regional Medical Center (SARMC) have formed a
joint venture to build and operate a 40-bed, freestanding inpatient
rehabilitation hospital in Boise.
The joint venture plans to more effectively and efficiently manage
patients across the post-acute continuum in Idaho.
"Saint Alphonsus is a widely known and respected name in the
healthcare industry. We could not be more proud to have them join
us in our mission to develop advanced post-acute solutions and
initiatives that facilitate efficient and high-quality patient care
and enhanced care coordination across the post‑acute continuum,"
said Jerry Gray, president of
Encompass Health's west region. "We look forward to expanding our
presence into Idaho and working
with our new partner to provide coordinated care and superior
outcomes to even more patients."
Construction of the new hospital, Encompass Health's first in
the state of Idaho, is expected to
begin in 2018. Upon completion of the new hospital, SARMC will
relocate its existing 30-bed inpatient rehabilitation unit on the
SARMC campus to the new 40-bed freestanding hospital operated by
the joint venture.
"We are very pleased to partner with industry leader Encompass
Health in our commitment to provide quality inpatient
rehabilitative care in the Treasure Valley. This partnership moves
our mission forward with a new inpatient hospital for
rehabilitation that will include state-of-the-art-technology,
spacious therapy areas, and further development of new clinical
programs that will benefit our community," said Odette Bolano, president of Saint Alphonsus
Regional Medical Center in Boise.
The formation of the joint venture is subject to customary
closing conditions, and the joint venture's operation of the new
replacement hospital is subject to regulatory approvals.
About Saint Alphonsus Health System
As a faith-based
Catholic ministry and not-for-profit health system, Saint Alphonsus
Health System reinvests in the communities we serve, through
charity care and other benefits. Our goal is to improve the health
and well-being of people by emphasizing care that is
patient-centered, physician-led, innovative and community-based.
Saint Alphonsus Health System serves the people of southwestern
Idaho, eastern Oregon and northern Nevada through these facilities: Saint
Alphonsus Regional Medical Center - Boise, ID; Saint Alphonsus Medical Center –
Nampa, ID; Saint Alphonsus Medical
Center – Ontario, OR; Saint
Alphonsus Medical Center – Baker City,
OR; and, Saint Alphonsus Medical Group with primary and
specialty care providers at over 70 clinic locations, all of which
are members of the Saint Alphonsus Health Alliance, a network of
over 2,200 employed and independent providers. Saint Alphonsus is a
proud affiliate of Trinity Health, one of the largest
multi-institutional Catholic health care delivery systems in the
nation. Trinity Health serves people and communities in 22 states
from coast to coast with 93 hospitals and 109 continuing care
facilities, home health and hospice programs, and PACE center
locations that provide more than 2.5 million visits annually. To
find out more go to: www.saintalphonsus.org
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 127
hospitals and 237 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, as well as
Modern Healthcare's Best Places to Work. For more information,
visit encompasshealth.com, or follow us on
Twitter and Facebook.
Forward-Looking Statements
Statements contained in
this press release which are not historical facts, such as those
relating to the likelihood, timing and effects of the finalization
of this joint venture 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 may be brought by or against Encompass Health or
this joint venture; the possibility this project will experience
unexpected delays; the ability to successfully complete and
integrate this project consistent with Encompass Health's growth
strategy, including realization of anticipated revenues and
avoidance of unforeseen exposure to liabilities; 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 or this joint venture's response
thereto; this joint venture's ability to maintain proper local,
state and federal licensing; potential disruptions, breaches, or
other incidents affecting the proper operation, availability, or
security of the hospitals' or either partner's information systems,
including the unauthorized access to or theft of patient or other
sensitive information; the 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 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 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, 2016 and Form 10‑Q for the
quarters ended Sept. 30, 2017,
June 30, 2017, and March 31, 2017.
Encompass Health Contacts:
Media: Hillary Carnel, 205 767-9654,
hillary.carnel@encompasshealth.com
Investor Relations: Crissy Carlisle,
205 970-5860, crissy.carlisle@encompasshealth.com
Saint Alphonsus Health Media Contact:
Joshua Schlaich, 208 779-0560,
joshua.schlaich@saintalphonsus.org
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SOURCE Encompass Health Corporation