EHC - Encompass Health Lee Healthcare partner to jointly own operate 2 hospitals in Florida

Encompass Health (NYSE:EHC) and Lee Healthcare, a subsidiary of Lee Health, will collaborate to jointly own and operate 2 new inpatient rehabilitation hospitals in Southwest Florida. Recently, Lee Health's board approved its investment in this collaboration with EHC. One of the hospitals will be a 40-bed, freestanding inpatient rehabilitation hospital currently under construction in Cape Coral at 1730 NE Pine Island Road and slated to open in May. The other hospital, anticipated to open in 2024, will be a 60-bed, freestanding inpatient rehabilitation hospital in Fort Myers on Lee Health's Gulf Coast Medical Center campus. When the Fort Myers hospital opens, Lee Health intends to relocate its existing 60-bed rehabilitation unit at Lee Memorial Hospital to the new hospital.

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Encompass Health, Lee Healthcare partner to jointly own, operate 2 hospitals in Florida