William Blair analyst Jared Haase assumed coverage of Encompass Health with an Outperform rating. Ahead of the Q4 earnings cycle, the analyst assumed coverage of four companies in the post-acute care subsector. The firm believes the post-acute care segment of the care continuum provides compelling growth characteristics for long-term investors. It continues to view the sector as presenting a “large and growing market opportunity.” Medicare spends an estimated $76B per year on core post-acute care services via home health, hospice, inpatient rehabilitation facilities and skilled nursing facilities, the analyst tells investors in a research note. Blair also sees “multiple tailwinds” to demand for post-acute care delivery over the coming years, citing several core macro trends impacting the healthcare sector.
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