August 8, 2022

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Encompass Health Corporation Completes Spin Off of Enhabit

BIRMINGHAM, Ala., July 1, 2022 /PRNewswire/ — Encompass Wellness Corporation (NYSE: EHC) (“Encompass Wellness”), these days declared that it has finished the spin off of 100% of Enhabit, Inc. (“Enhabit”), its dwelling well being and hospice company. Enhabit is now an unbiased general public organization. Encompass Health and fitness will carry on to trade on the New York Stock Exchange under the symbol “EHC” and, helpful today, Enhabit will get started “normal-way” investing on the NYSE below the symbol “EHAB.”

The separation was completed as a result of a distribution to Encompass Overall health stockholders of one share of Enhabit common inventory for each two shares of Encompass Health and fitness frequent inventory held as of the shut of enterprise on June 24, 2022, the report day for the distribution. Cash will be shipped in lieu of any fractional shares of Enhabit inventory. Enhabit shares were dispersed at 12:01 a.m. Japanese Time on July 1, 2022, in a distribution that is meant to be tax-free of charge to Encompass Well being stockholders for U.S. federal profits tax purposes, other than with respect to cash received in lieu of fractional shares.

About Encompass Wellness

Encompass Health and fitness (NYSE: EHC) is the premier owner and operator of rehabilitation hospitals in the United States. With a national footprint that features 150 hospitals in 35 states and Puerto Rico, the Business presents substantial-good quality, compassionate rehabilitative treatment for individuals recovering from a big injury or illness, employing advanced know-how and revolutionary treatment plans to optimize recovery. Encompass Wellness is ranked as one particular of Fortune’s 100 Best Companies to Perform For and Fashionable Healthcare’s Very best Places to Perform in Health care. For more information and facts, take a look at encompasshealth.com, or abide by us on our newsroom, Twitter, Instagram and Fb.

Ahead-On the lookout Statements 

Statements contained in this push release which are not historical points, these kinds of as people relating to the timing and outcomes of the spin off, including the tax-no cost treatment, are ahead-hunting statements within just the that means of the Non-public Securities Litigation Reform Act of 1995. In addition, Encompass Well being and Enhabit, by way of senior management, could from time to time make ahead-hunting public statements about the issues explained herein. All this sort of estimates, projections, and forward-wanting data communicate only as of the date hereof, and Encompass Well being and Enhabit undertake no duty to publicly update or revise these kinds of ahead-hunting facts, irrespective of whether as a end result of new information and facts, upcoming occasions, or if not. This sort of ahead-looking statements are necessarily estimates based on present-day facts, require a range of threats and uncertainties, and relate to, among the other matters, foreseeable future situations and transactions as effectively as foreseeable future interpretations of specifics and law by the Inner Income Company (the “IRS”). Actual activities or success might vary materially from all those expected in these ahead-on the lookout statements as a result of a assortment of things. Although it is difficult to establish all these types of aspects, variables which could cause actual occasions or outcomes to vary materially from those believed by Encompass Well being and Enhabit include things like, but are not restricted to, the likelihood that Encompass Health or Enhabit enter into or are the subject matter of a transaction that the IRS deems contrary to the assumptions underlying the tax-cost-free position of the spin off and other aspects which might be discovered from time to time in Encompass Health’s and Enhabit’s SEC filings and other public announcements, which includes Encompass Health’s Form 10K for the calendar year finished December 31, 2021 and Kind 10-Q for the quarter finished March 31, 2022 and Enhabits Kind 10.

Media Speak to                                            

Casey Winger, 205 447-6410

[email protected]


Investor Relations Make contact with

Mark Miller, 205 970-5860

[email protected]

Supply Encompass Health Corp.