Encompass buys vacant site for rehab hospital in Osceola County | Orlando Business Journal
Maury L. Carter & Associates, Inc. represents Encompass Health and handled the real estate transactions in the acquisition of the three sites (Kissimmee, Altamonte Springs and Clermont) mentioned in this article.
By Ryan Lynch – Staff Writer, Orlando Business Journal
Jan 14, 2022, 4:04pm EST Updated
A Birmingham, Alabama-based rehabilitation hospital company has bought the land for its proposed Kissimmee facility.
Encompass Health Corp. (NYSE: EHC) bought a 7.41-acre property on Sadina Street in Kissimmee for $5.95 million on Dec. 17, according to Osceola County records. The site — purchased from RW Management Limited — is located near the southwest corner of Vineland Road and Calypso Cay Way.
In addition, the hospital owns its Altamonte Springs facility and bought land for a 100-bed, 83,500-square-foot rehab hospital in Clermont. The Clermont hospital will be built out in multiple bed phases, with 50 beds and 54,700 square feet in Phase 1. Two additional phases with 20 beds and 30 beds, respectively, would be built as part of a 28,800-square-foot expansion. Encompass Health’s goal is to open the Clermont hospital this year.
Continued population growth in 2022, along with the aging population, will drive demand for expanded services in 2022, Henry W. Grady III, senior vice president and industry consultant for not-for-profit hospitals and health systems at Truist, previously told Orlando Business Journal. “Along the continuum of care there are sectors, such as rehab, post-acute, and skilled nursing, that we expect will see increased demand due to the overall demographic of the population.”
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