HealthSouth And Mountain States Health Alliance Announce Joint Venture To Operate Quillen Rehabilitation Hospital In Johnson

  HealthSouth And Mountain States Health Alliance Announce Joint Venture To
      Operate Quillen Rehabilitation Hospital In Johnson City, Tennessee

PR Newswire

BIRMINGHAM, Ala. and JOHNSON CITY, Tenn., April 23, 2014

BIRMINGHAM, Ala. and JOHNSON CITY, Tenn., April 23, 2014 /PRNewswire/
--HealthSouth Corporation (NYSE: HLS) and Mountain States Health Alliance
today announced they have signed an agreement to form a joint venture to own
and operate the James H. & Cecile C. Quillen Rehabilitation Hospital in
Johnson City, Tenn. The freestanding 26-bed inpatient rehabilitation hospital
will provide comprehensive physical rehabilitation to patients who have
experienced stroke, trauma, brain and orthopedic injuries or other major
illnesses or injuries.

"This joint venture is another milestone in our strategy of expanding
HealthSouth's rehabilitative services to new markets and will further augment
the already strong continuum of healthcare currently available to residents in
Johnson City and the surrounding areas," said Barbara Jacobsmeyer, president
of HealthSouth's central region. "We are pleased to partner with Mountain
States Health Alliance and look forward to working together to provide
high-quality inpatient rehabilitative treatment using advanced technology."

"After an illness, people want to get back to what they love to do," said Alan
Levine, Mountain States Health Alliance president and CEO. "Our mission is to
help them regain their independence and be as active as they can be. We're
excited about this new partnership because we believe it will enhance the
great work our people are already doing."

The comprehensive inpatient rehabilitation hospital will continue to provide
critical clinical services that produce the highest possible levels of
recovery for patients in Johnson City and the surrounding areas and will
remain in the current location at 2511 Wesley St. in Johnson City.

The formation of the joint venture is subject to customary closing conditions
including regulatory approvals. The parties hope to finalize the joint venture
by the end of 2014.

About Mountain States Health Alliance
Mountain States Health Alliance, a not-for-profit health care organization
based in Johnson City, Tenn., operates a family of 14 hospitals serving a
29-county, four-state region (Northeast Tennessee, Southwest Virginia,
Southeastern Kentucky and Western North Carolina). MSHA offers a large
tertiary hospital, several community hospitals, two critical access hospitals,
rehabilitation, a children's hospital, a behavioral health hospital, two
long-term care facilities, home care and hospice services, retail pharmacies,
a comprehensive medical management corporation, and the region's only
provider-owned health insurance company. Its 13,500 team members, associated
physicians and volunteers are committed to its mission of bringing loving care
to health care. For more information, visit

About HealthSouth
HealthSouth is the nation's largest owner and operator of inpatient
rehabilitation hospitals in terms of patients treated and discharged, revenues
and number of hospitals. Operating in 28 states across the country and in
Puerto Rico, HealthSouth serves patients through its network of inpatient
rehabilitation hospitals, outpatient rehabilitation satellite clinics and home
health agencies. HealthSouth's hospitals provide a higher level of
rehabilitative care to patients who are recovering from conditions such as
stroke and other neurological disorders, cardiac and pulmonary conditions,
brain and spinal cord injuries, complex orthopedic conditions, and
amputations. HealthSouth can be found on the Web at

Forward-Looking Statements
Statements contained in this press release which are not historical facts,
such as those relating to the likelihood, timing and effects of the
finalization of this joint venture project, are forward-looking statements. In
addition, HealthSouth may from time to time make forward-looking public
statements concerning the matters described herein. All such estimates,
projections, and forward-looking information speak only as of the date hereof,
and HealthSouth undertakes no duty to publicly update or revise such
forward-looking information, whether as a result of new information, future
events, or otherwise. Such forward-looking statements are necessarily
estimates based upon current information and involve a number of risks and
uncertainties. HealthSouth's actual results or events may differ materially
from those anticipated in these forward-looking statements as a result of a
variety of factors. While it is impossible to identify all such factors,
factors which could cause actual results or events to differ materially from
those anticipated include, but are not limited to, the regulatory review and
approval process, any adverse outcome of various lawsuits, claims, and legal
or regulatory proceedings that may be brought by or against the Company; the
possibility that this project will experience unexpected delays; the ability
to successfully complete and integrate this project consistent with
HealthSouth growth strategy, including realization of anticipated revenues,
cost savings, and productivity improvements arising from the related
operations and avoidance of unforeseen exposure to liabilities; changes in the
regulation of the healthcare industry at either or both of the federal and
state levels; competitive pressures in the healthcare industry and
HealthSouth's response thereto; the hospital's ability to maintain proper
local, state and federal licensing; potential disruptions, breaches, or other
incidents affecting the proper operation, availability, or security of
HealthSouth's information systems; HealthSouth's ability to attract and retain
nurses, therapists, and other healthcare professionals in a highly competitive
environment with often severe staffing shortages and the impact on
HealthSouth's labor expenses from potential union activity and staffing
shortages; changes, delays in (including in connection with resolution of
Medicare payment reviews or appeals), or suspension of reimbursement for
HealthSouth's services by governmental or private payors; general conditions
in the economy and capital markets; and other factors which may be identified
from time to time in HealthSouth's SEC filings and other public announcements,
including HealthSouth's Form 10-K for the year ended December 31, 2013.

Media: Casey Lassiter, 205-410-2777
Investor Relations: Mary Ann Arico, 205-969-6175

Media: Teresa Hicks, 423-943-6907

SOURCE HealthSouth Corporation

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