Latest news with #Encompass
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Encompass Health Corporation (NYSE: EHC) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to
NEWTOWN, Pa., July 23, 2025 /PRNewswire/ — Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving Encompass Health Corporation ('Encompass') (NYSE: EHC), resulting from allegations of providing potentially misleading information to the investing public. If you are an Encompass investor who suffered a substantial loss and would like to learn more, you can provide your contact information and trading details HERE. You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@ THE COMPANY: Encompass is the largest owner and operator of inpatient rehabilitation hospitals in the U.S., with a network of approximately 166 facilities across 38 states. Encompass provides intensive post-acute care, including physical, occupational, respiratory, and speech therapy, to patients recovering from major illnesses and injuries. THE ALLEGED WRONGDOING: On July 15, 2025, The New York Times published an article titled 'Even Grave Errors at Rehab Hospitals Go Unpenalized and Undisclosed,' detailing patient safety concerns at Encompass rehabilitation hospitals across the country. The article reported that Encompass owns 34 of the 41 inpatient rehab facilities flagged by Medicare as having 'statistically significantly worse rates of potentially preventable readmissions for discharged patients.' Specifically, these potentially preventable incidents included fatal carbon monoxide poisoning, medication errors, and bed alarm failures. Following publication of the article, the price of Encompass stock fell $12.39 per share, or 10.35%, to close at $107.28 per share on July 15, 2025. ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class cases alleging violations of federal antitrust laws, employee benefit plans under ERISA, wage theft, data security, and consumer fraud. For more information, please contact: Marc H. Edelson, Lechtzin, LECHTZIN LLP411 S. State Street, Suite N-300Newtown, PA 18940Phone: 844-696-7492 or 215-867-2399 ext. 1Email: medelson@ Email: elechtzin@ Web: This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Cision Canada
21-07-2025
- Business
- Cision Canada
INTERNATIONAL BATTERY METALS LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
VANCOUVER, BC and PLANO, Texas , July 21, 2025 /CNW/ - International Battery Metals Ltd. (" IBAT" or the " Company") (TSXV: IBAT) and (OTCQB: IBATF) is pleased to announce that it has entered into subscription agreements (the " Subscription Agreements") with Encompass Capital Advisors LLC, acting for certain fund entities and managed accounts for which Encompass Capital Advisors LLC exercises investment discretion (collectively, " Encompass"), pursuant to which the Company has agreed to issue US$5 million in units (the " Units") of the Company (the " Offering"). The issue price per Unit will be based on the maximum permissible discount to the market price of the Company's common shares (the " Common Shares") under the rules of the TSX Venture Exchange (the " TSXV") as of closing on the trading day immediately preceding the announcement of the closing of the Offering (the " Market Price"). Each Unit will consist of one Common Share and one Common Share purchase warrant (a " Warrant"). Each Warrant will entitle the holder to acquire one Common Share (each, a " Warrant Share") at an exercise price equal to the Market Price per Warrant Share, until the date which is three years from the date of issuance. The Company expects to close the Offering (the " Closing") on or around August 8, 2025, subject to the approval of the TSXV of the Offering and the Warrant Amendments (as defined below) with respect to certain existing warrants of the Company held by Encompass. At the Closing, the Company has agreed to issue 25,765,258 Units to Encompass at a deemed issue price of approximately US$0.19406 for aggregate gross proceeds of US$5,000,000, which is based on an issue price of C$0.26625 for aggregate gross proceeds of C$6,860,000 using the Bank of Canada US$1.00 to C$ exchange rate as of July 18, 2025 of US$1.00 to C$1.372. The Warrants issuable pursuant to the Closing will entitle the holder to acquire one Warrant Share at an exercise price of C$0.355 per Warrant Share for a period of three years from the date of the Closing. The proceeds from the Offering will be used for preparing IBAT's modular direct lithium extraction plant (" MDLE Plant") for future operations and general corporate purposes. In addition, pursuant to the Subscription Agreements, the Company has granted Encompass the right but not the obligation, exercisable by Encompass in its sole discretion, to purchase up to US$2 million of additional Units of the Company (the " Additional Investment"). Such right will be exercisable by Encompass at any time on or before December 31, 2025. The terms of the Additional Investment will be at least as favorable for Encompass as such terms set forth in the Subscription Agreements and the other applicable transaction documents and terms offered by the Company to any other existing or future investors in respect of a private placement entered into or completed by the Company by December 31, 2025. The securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance under Canadian Securities laws. The offer and sale of the Units were made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the " Securities Act"), or applicable state securities laws, and have been sold in a private placement pursuant to Regulation D of the Securities Act. The securities issued in the private placement may not be offered or sold in the United States absent registration or pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer or sale would be unlawful prior to the registration or qualification under the securities laws of such state. In connection with the Offering, the Company has entered into amended and restated registration rights agreements with respect to the registration rights agreements entered into by the Company with Encompass and EV Metals VI LLC (" EV Metals VI", together with certain of its affiliates and subsidiaries, " EV Metals"), each dated May 3, 2024 (the " RRA Amendments"). In addition, concurrently with the Offering and subject to the approval of the TSXV, the Company will extend the expiration date of the warrants issued under the following private placements with Encompass and EV Metals, as summarized below (the " Warrant Amendments"): Private Placement Warrants Issued Proposed Amendments Private Placement with Encompass on April 21, 2023 6,396,999 warrants issued pursuant to a private placement of units of the Company, with each warrant entitling the holder thereof to purchase one Common Share at a price of C$1.21 per Common Share until May 3, 2026 (as extended on April 26, 2024) Extend the expiration date of the warrants under such private placement to April 21, 2028. Amend each warrant certificate by adding certain restrictions that limit Encompass from becoming a controlled person as defined under the Securities Act (Ontario) through exercise of such warrants. Private Placement with EV Metals on February 29, 2024 2,702,400 warrants issued pursuant to a private placement of units of the Company, with each warrant entitling the holder thereof to purchase one Common Share at a price of C$1.25 per Common Share until March 1, 2026 Extend the expiration date of the warrants under such private placement to the same expiration date of the Warrants to be issued in the Offering. Private Placement with Encompass and EV Metals on May 3, 2024 18,642,134 warrants issued pursuant to a private placement of units of the Company, with each warrant entitling the holder thereof to purchase one Common Share at a price of C$0.9579 per Common Share until May 3, 2026 Extend the expiration date of the warrants under such private placement to the same expiration date of the Warrants to be issued in the Offering. With respect to the warrants held by Encompass, amend the respective warrant certificates by adding certain restrictions that limit Encompass from becoming a controlled person as defined under the Securities Act (Ontario) through exercise of such warrants. Private Placement with Encompass and EV Metals on June 19, 2024 11,478,246 warrants issued pursuant to a private placement of units of the Company, with each warrant entitling the holder thereof to purchase one Common Share at a price of C$0.9579 per Common Share until June 19, 2026 Extend the expiration date of the warrants under such private placement to the same expiration date of the Warrants to be issued in the Offering. With respect to the warrants held by Encompass, amend the respective warrant certificates by adding certain restrictions that limit Encompass from becoming a controlled person as defined under the Securities Act (Ontario) through exercise of such warrants. MI 61-101 Disclosure The participation by Encompass in the Offering and the Warrant Amendments of the warrants held by Encompass and EV Metals constitute "related party transactions" for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements for the Related Party Transactions available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(a) of MI 61-101 and from minority shareholder approval in section 5.6 of MI 61-101 in reliance on section 5.7(1)(a) of MI 61-101, as the fair market value of the Offering and the Warrant Amendments, insofar as it involves related parties, is not more than 25% of the Company's market capitalization. A material change report will be filed in connection with the Related Party Transactions less than 21 days in advance of closing of the Related Party Transactions as approval of the Related Party Transactions occurred less than 21 days prior to the date of this announcement. The Related Party Transactions were unanimously approved by the non-interested directors of the Company. About International Battery Metals Ltd. The Company's direct lithium extraction technology is based on proprietary lithium extraction media housed in patented extraction towers that are enclosed in a modular, shippable platform able to be loaded and brought into production within a minimal time frame after arrival on a customer site. Utilizing the patented technology, the Company's focus has been on advanced extraction of lithium chloride from ground water salt brine deposits and returning the same water to the subsurface aquifer. The Company's unique patented technology ensures faster delivery of lithium chloride while ensuring minimal environmental impact. ON BEHALF OF THE BOARD "Joseph Mills" Joseph Mills, CEO (832) 683-8839 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This news release contains certain information that may constitute "forward-looking statements" under applicable Canadian securities legislation. These forward-looking statements include, but are not limited to, statements relating to the size, price, securities being offered and other terms of the Offering, the timing for closings of the Offering, the use of proceeds in connection with the Offering, the RRA Amendments, the Warrant Amendments and approval by the TSXV. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Actual results may vary from forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause IBAT's actual results, performance, achievements, and future events to be materially different from the results, performance, achievement, or future events expressed or implied therein. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, inability to raise the money necessary to incur the expenditures required to advance the Company's business strategies and objectives, general business, economic, competitive, political, and social uncertainties, results relating to its extraction technologies, failure to obtain regulatory or shareholder approvals (if required). IBAT believes that the expectations reflected in these forward-looking statements are reasonable, however there can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are given as of the date hereof and are based upon the opinions and estimates of management and information available to management as at the date hereof. IBAT disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
Business Wire
17-07-2025
- Business
- Business Wire
Encompass Health Corporation (EHC) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Encompass Health Corporation ('Encompass' or the 'Company') (NYSE: EHC) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ENCOMPASS HEALTH CORPORATION (EHC), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@ by telephone at (215) 638-4847 or visit our website at What Happened? The New York Times published an article alleging, among other things, that federal data and inspection reports show that for-profit hospitals run by Encompass perform below average on key safety measures. The article revealed 'Encompass owns many of the rehabs with worse rates of potentially preventable, unplanned readmissions to general hospitals' including 34 facilities which 'Medicare rated as having statistically significantly worse rates of potentially preventable readmissions.' The report further revealed a number of 'alarming mistakes' leading to fatalities of patients in their care. On this news, Encompass's stock price fell $12.39, or 10.4%, to close at $107.28 per share on July 15, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased Encompass securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: howardsmith@ Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Wire
16-07-2025
- Business
- Business Wire
Securities Fraud Investigation Into Encompass Health Corporation (EHC) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces an investigation of Encompass Health Corporation ('Encompass' or the 'Company') (NYSE: EHC) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON ENCOMPASS HEALTH CORPORATION (EHC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? The New York Times published an article alleging, among other things, that federal data and inspection reports show that for-profit hospitals run by Encompass perform below average on key safety measures. The article revealed 'Encompass owns many of the rehabs with worse rates of potentially preventable, unplanned readmissions to general hospitals' including 34 facilities which 'Medicare rated as having statistically significantly worse rates of potentially preventable readmissions.' The report further revealed a number of 'alarming mistakes' leading to fatalities of patients in their care. On this news, Encompass's stock price fell $12.39, or 10.4%, to close at $107.28 per share on July 15, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased Encompass securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@ Visit our website at: Follow us for updates on Twitter at If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Forbes
16-07-2025
- Business
- Forbes
Future-Proofing Financial Services: Strategies For CIOs Navigating Global Market Complexity
Alex Ford is president of Encompass, North America. Navigating diverse global markets is becoming more complex due to rising regulatory demands alongside ongoing instability, trade disputes and geopolitical conflict. Countries are so interdependent that changes in one can affect the entire world. For example, consider how U.S. tariffs have rerouted the world's shipments and impacted sales of countless products. To future-proof their global operations, companies and the financial service providers who support them must act now to strategically plan and embrace technology and digitalization to best prepare themselves for the ongoing storm of change that's rewriting the global economy. Rising Complexities With the global market reacting quickly to ongoing changes, a multitude of factors are making it increasingly more complicated to do business across borders. Jane Fraser, CEO of Citi, recently mentioned the shift away from globalization in her article about how companies are managing ambiguity by suspending investments, slowing hiring (U.S. companies added 26% fewer jobs this year than last year) and strengthening their balance sheets to prepare for the unknown. Differing regulations across jurisdictions complicates matters, forcing businesses to keep up with which regulations are applicable in each location and fast-tracking adjustments in their businesses practices to stay compliant. Regulations regarding employment, finances, recordkeeping, data conventions and interoperability of systems between markets are changing too quickly for old styles of monitoring to keep up. What's At Stake Finding your company out of compliance with regulations such as the EU's Anti-Money Laundering Directives, the UK's Economic Crime and Corporate Transparency Act or the U.S. Corporate Transparency Act can result in suspended trading or operations, wreaking havoc on customers, the supply chain and bottom line. Lost revenue, missed business opportunities and reputational damage can hobble a company for years. Even if business is allowed to continue, investigations due to noncompliance are distracting and funnel resources and attention away from growth activities. Digital-First Is Key To Future Readiness Future readiness for global change starts with a digital outlook. During the Covid-19 pandemic, scores of businesses were forced to adapt to digital experiences. Once they transitioned, they realized how convenient it was to automate and digitize actions like data and document collation. With digital processes in place, adapting to changes in the market is exponentially faster than with manual processes. Being digital first means having accurate data with identifiable origins. Everything digital is driven by data, and as AI becomes more embedded in decision-making, good, clean data is not just helpful, it is essential. High-quality data is the foundation for future readiness and for ensuring AI delivers reliable, explainable outcomes. Digital literacy across the workforce, especially in roles like legal, risk and compliance, is becoming essential. At BNY, CIO Leigh-Ann Russell highlighted how their legal team embraced AI by completing full training and proactively supporting innovation. This approach ensures collaboration on data safety and privacy, with informed partners rather than barriers. Digital readiness also positions firms to be competitive when new products, ecosystems and business models emerge. For example, the rise of digital assets has picked up pace in 2025 and digital identity goes hand-in-hand with serving this market. Digital identity is a key theme across all jurisdictions. Forward-thinking leaders must be aware of and ready to engage in initiatives like these. Preparing For Digitization In response to the growing complexity and fragmentation of global anti-money laundering and 'Know Your Customer' regulations, some industries are banding together to create unified standards. For example, the biggest banks in the world, as well as infrastructure providers and exchanges, are among members of the Financial Markets Standards Board, a UK-based body that develops standards firms for certain operations and compliance in financial markets. Technology As Strategy Global businesses are harnessing a broad range of new and proven technologies to stay up to date and manage risk. Monitoring for change, then planning and responding to it, is a huge responsibility for CIOs, CROs, CTOs and their compliance teams. The right technology can help businesses both create and execute strategy by staying abreast of change and pivoting quickly when necessary. • Automation: Automation continues to play a critical role alongside AI when it comes to executing procedures and implementing controls in a digitized manner at scale. For example, it enables financial institutions to quickly implement policy changes in response to evolving regulations and ensures consistent adherence. Unlike AI, which relies heavily on the availability and quality of input data and may lack built-in quality control, automation provides a structured, rule-based approach that ensures accuracy where there's no margin for error. It also offers banks the confidence of a clear audit trail and demonstrable data lineage, allowing them to consistently evidence data provenance and meet compliance obligations with transparency. • Cloud-based systems: Cloud data storage and processing increases speed of scalability, may lower costs compared to managed data infrastructure and enables easier interoperability across systems. • AI and agentic AI, including intelligent document processing: AI use-cases feel limitless and, at this point, arguably introduce as much risk and complexity as it may help address. To keep innovation relevant, keeping the problem you are trying to solve front of mind is key. One use-case with an obvious ROI and wide adoption early on in financial services is using AI to extract information from the many cumbersome structures and unstructured documents relied on throughout the client lifecycle to remove time, cost and error. • Corporate digital identification: It's every company's responsibility to know who they do business with. Corporate digital identity technology enables leaders to understand risk exposure amid trade wars and geopolitical uncertainty. Building In Flexibility From The Start In a world where trends change daily, building in flexibility from the start is the best way to plan. Start with a global outlook and make predictions for five or 10 years, then back up and build a plan that focuses on the first 12-18 months. That way, your organization can make bold decisions but also be nimble when change occurs. Plan For The Future Economic and political uncertainty creates complexities for businesses. With careful planning, the right technology and forward thinking, companies can ensure they are in the best position to future-proof their organizations and thrive in diverse global markets. As the power of AI and data to drive efficiency, agility and smarter decision-making increases in ever faster and greater waves, the importance and potential of technology as a competitive advantage has never been clearer. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
