Encompass Health Corporation (EHC) Barclays 28th Annual Global Healthcare Conference March 11, 2026 9:00 AM EDT
Company Participants
Mark Tarr – CEO, President & Director
Douglas Coltharp – Executive VP & CFO
Conference Call Participants
Andrew Mok – Barclays Bank PLC, Research Division
Presentation
Andrew Mok
Barclays Bank PLC, Research Division
Hi. Good morning, and welcome back to the Barclays Global Healthcare Conference. My name is Andrew Mok. I’m the Facilities analyst here at Barclays, and I’m pleased to welcome Encompass Health here to the conference. We have on stage with me Mark Tarr, CEO; and Doug Coltharp, CFO. Welcome.
Question-and-Answer Session
Andrew Mok
Barclays Bank PLC, Research Division
Mark, you just reported 4Q results, 2026 guidance a few weeks ago. Why don’t you start with just giving us the current state of affairs of the business and how you’re thinking about the year ahead?
Mark Tarr
CEO, President & Director
Yes. So we’re coming off 3 years of very high level of execution, and we’re extremely positive about our outlook going forward. You look at the continued need for our services with the aging demographics. There’s an imbalance of the supply and demand. There are very few beds being added outside of our organization in terms of net gains in beds in the IRF industry. So this continued demand is out there. We’re one of the few that are of the scale to continue to capture this growth that’s out there in front of us.
We’re also excited about a number of the states that are in the midst or in the throes of discussions around repealing the certificate of need. We’ve talked before about the state of North Carolina has very attractive demographics for us. We have one hospital there, but we think there are many other markets that we could