Encompass Health Corporation · NYSE:EHC
Encompass Health — HealthSouth — Investor Presentation (August 2006)
6 slides from Encompass Health's investor presentation, Aug 14, 2006
Slide 1: Unlocking Value
Exhibit 99.2 Unlocking Value
Slide 2: Forward-Looking Statements
Forward-Looking Statements The information contained in this presentation includes certain estimates, projections and other forward-looking information that reflect our current views with respect to future events and financial performance. These estimates, projections and other forward- looking info
Slide 3: Summary
Summary • HealthSouth’s existing divisions compete in sectors with solid growth potential; above-average opportunities exist in both Inpatient / Post-Acute and Surgery sectors but require significant additional CAPEX – The Company is highly leveraged, which precludes raising new debt to fund future
Slide 4: Post-Acute Care Market Opportunity
Post-Acute Care Market Opportunity The Post-Acute Market is Sizeable and Remains Highly Fragmented Post-Acute Growth Opportunity Post-Acute Usage After Hospital Discharge Segment Projected Growth Multiple Inpatient Rehab Facilities (IRF) 4-6% LTAC, IPF, IRF 4% 5% Skilled Nursing Home Health 5-9% 13%
Slide 5: Separation Rationale
Separation Rationale Key Benefits • Focused management attention – Different referral patterns, payor contracting and technology platforms than other segments – Limited synergies in existing structure • Alleviates existing partner / channel tension – Inpatient relies on alliances with acute care hos
Slide 6: Reverse Split
Reverse Split Shareholder approval will be sought for a 1-for-5 reverse split; this reverse-split would occur with the Company’s re-listing on NYSE. The objectives of this reverse split are as follows: The Company wants to bring the share price, along with the number of outstanding shares, to a leve