HealthSouth.com is Health south medical firm.
HealthSouth Corporation
Description
The HealthSouth Company was founded in Delaware in the year 1984 as by a man named Richard Scrushy and started operating under the name of Amcare Inc. The first company facility was located in Little Rock, Arkansas and later that year a second one in Birmingham.
By the year 1985, the company had to change its name again, this time to the HealthSouth
Rehabilitation Corporation
In 1986 The company went public with its IPO on the NASDAQ Stock Exchange under the ticker symbol HSRC. In September of 1988 the company moved to the New York Stock Exchange and became listed under the symbol HRC. By 1990 the company had expanded to 50 facilities across the US. HealthSouth finished out 1992 with $400 million in annual revenue. In 1993 the company made its first large acquisition when it bought 28 hospitals and 45 outpatient rehabilitation facilities from National Medical Enterprise for around $300 million in cash. In 1994 HealthSouth announced it would buy fellow Birmingham based ReLife for $180 million in stock.
Since 2003, HealthSouth has completed a board transition plan and recruited a new executive management team. Our new, independent Board of Directors has diversified and deep expertise in such varied fields as management, finance, healthcare, corporate governance and marketing - all areas critical to our future. The Board has taken an active role in providing advice to our management team and is integral to the new culture of transparency and accountability.
HealthSouth Corporation NYSE: HLS, based in Birmingham, Alabama, is one of the US's largest healthcare services provider. Best known for its rehabilitation services, HealthSouth has more than 1,000 facilities in United States and Puerto Rico. It has both inpatient and outpatient rehabilitation facilities and outpatient surgery centers, including more than 330 hospitals. HealthSouth was involved in a corporate accounting scandal in which its Chief Executive Officer, Richard M. Scrushy, was accused of directing company employees to falsely report grossly exaggerated company earnings in order to meet stockholder expectations.
At the company's height, it recorded nearly $4.4 billion in revenue, dominated the rehabilitation services market and employed more than 50,000 people at 2,000 facilities in every state of the U.S. along with its facilities in the United Kingdom, Canada, Australia, Puerto Rico and Saudi Arabia.
By the mid to late 2006 HealthSouth completed its recovery and relisted its stock on the New York Stock Exchange under the symbol HLS. The company operates two divisions: inpatient rehabilitaion and diagnostics. The company formerly operated an outpatient rehabilitation and surgery center division. HealthSouth is one of the nation's largest healthcare services providers with facilities nationwide. Our vast network of highly skilled physicians and clinicians working with the latest equipment and technology guarantees that all patients have easy access to high quality healthcare.
Contact
Administrative:
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- BIRMINGHAM AL
- United States 35243-2358
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- 205-970-5739
Registrant:
- HealthSouth
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- Birmingham AL
- United States 35243
Health South Affiliated Companies
The companies that over the years spun off the Health South Corporation include Source Medical Solutions operating in the healthcare technology industry, Capstone Capital Corp. dealing in real-estate investments and MedPartners Inc. presently known as Caremark Rx in the field of physician practice management. After MedPartners became a publicly owned company, it quickly evolved into the largest physician practice management company on the market.
