BIRMINGHAM, Ala., Feb. 28, 2022 /PRNewswire/ — Embody Well being Company (“Embody Well being” or the “Firm”) (NYSE: EHC), a nationwide chief in built-in healthcare, providing facility-based and home-based affected person care by its community of inpatient rehabilitation hospitals and residential well being and hospice businesses, in response to latest discussions with stockholders, together with JANA Companions LLC, at present offered the next updates with respect to its beforehand disclosed Board refreshment course of and deliberate separation of the Firm’s dwelling well being and hospice enterprise, Enhabit.
The Firm confirms that, in reference to its beforehand introduced Board refreshment course of, the scale of the Board will encompass not more than 12 administrators as of the conclusion of the 2022 Annual Assembly of Stockholders. The Firm’s slate of administrators who will stand for election to the Board shall be set forth within the Firm’s proxy assertion supplies when filed.
The Firm continues to anticipate to finish the separation of Enhabit within the first half of 2022 through a spin-off. Nonetheless, as Embody Well being proceeds with the separation course of, our Board and administration will assess any value-creating strategic alternatives and stay open to value-maximizing alternate options, together with a sale or merger of Enhabit.
About Embody Well being
As a nationwide chief in built-in healthcare companies, Embody Well being (NYSE: EHC) provides each facility–based mostly and residential–based mostly affected person care by its community of inpatient rehabilitation hospitals, dwelling well being businesses and hospice businesses. With a nationwide footprint that features 146 hospitals, 251 dwelling well being places, and 96 hospice places in 42 states and Puerto Rico, the Firm supplies excessive–high quality, cost-effective built-in healthcare. Embody Well being is ranked as one among Fortune’s 100 Greatest Firms to Work For. For extra data, go to encompasshealth.com, or comply with us on our newsroom, Twitter, Instagram and Fb
Statements contained on this press launch which aren’t historic info, such because the separation of the Enhabit enterprise from Embody Well being and the associated rebranding, are forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. As well as, Embody Well being, by its senior administration, might occasionally make forward-looking public statements in regards to the issues described herein. All such estimates, projections, and forward-looking data converse solely as of the date hereof, and Embody Well being undertakes no obligation to publicly replace or revise such forward-looking data, whether or not on account of new data, future occasions, or in any other case. Such forward-looking statements are essentially estimates and speculative based mostly upon present data, and contain plenty of dangers and uncertainties about Embody Well being’s enterprise plans and methods, and precise occasions or outcomes might differ materially from these anticipated in these forward-looking statements on account of quite a lot of elements, together with, fairness and common market circumstances, the anticipated advantages and prices of the spin-off transaction, the anticipated timing of the completion of the spin-off transaction and the transaction phrases, and the chance that Embody Well being might determine to not undertake the spin-off or any separation transaction or that it isn’t capable of consummate the spin-off or different separation transaction or the associated rebranding as a result of, amongst different issues, market, regulatory and different elements, the potential for disruption to Embody Well being’s enterprise ensuing from the enterprise of any transactions or rebranding, the impact of the transaction and the rebranding on Embody Heath’s capacity to retain and rent key personnel and preserve relationships with its clients, suppliers, working outcomes and enterprise usually, and adversarial circumstances within the healthcare companies business, together with any results related to the COVID-19 or different pandemic, and people elements which can be recognized occasionally in Embody Well being’s SEC filings and different public bulletins, together with Embody Well being’s present stories on Kind 8-Ok, quarterly stories on Kind 10-Q and its newest annual report on Kind 10-Ok for the yr ended December 31, 2021. No assurance may be provided that the transactions described herein shall be consummated or as to the final word phrases of any such transactions.
Erin Wendel-Ritter | 205 970-5912
Investor Relations Contact
Mark Miller | 205 970-5860
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SOURCE Embody Well being Corp.