HealthSouth Reports Strong Results for Second Quarter 2014 and Raises Full-Year Guidance

    HealthSouth Reports Strong Results for Second Quarter 2014 and Raises
                              Full-Year Guidance

Revenue Growth of 7.1% and Discharge Growth of 3.0%

Cash Provided by Operating Activities of $128.0 million ($235.1 million
Year-to-Date)

Adjusted EBITDA Increased by 13.5%

PR Newswire

BIRMINGHAM, Ala., July 28, 2014

BIRMINGHAM, Ala., July 28, 2014 /PRNewswire/ -- HealthSouth Corporation (NYSE:
HLS), the nation's largest owner and operator of inpatient rehabilitation
hospitals, today reported its results of operations for the second quarter
ended June30, 2014.

"The second quarter was another excellent quarter for HealthSouth," said Jay
Grinney, HealthSouth President and Chief Executive Officer. "We achieved
revenue growth of 7.1%, increased our Adjusted EBITDA by 13.5%, and saw our
adjusted free cash flow grow to $97.9 million from $72.5 million when compared
to the second quarter of 2013. We also continued to invest in the future
growth of the company with the ongoing development of three new hospitals that
are scheduled to open in the fourth quarter of this year, the execution of a
joint venture agreement with Mountain States Health Alliance to own and
operate Quillen Rehabilitation Hospital in Johnson City, Tennessee, and the
execution of an agreement with Memorial Health to form a joint venture to own
and operate an inpatient rehabilitation hospital in Savannah, Georgia. And, as
a result of the company's strong results, we raised our full-year Adjusted
EBITDA and earnings per share guidance."

Second Quarter Results

  oConsolidated net operating revenues were $604.4 million for the second
    quarter of 2014 compared to $564.5 million for the second quarter of 2013,
    or an increase of 7.1%. This increase was attributable to a 3.0% increase
    in patient discharges and a 4.9% increase in net patient revenue per
    discharge. Discharge growth included a 1.4% increase in same-store
    discharges. Approximately 60 basis points of discharge growth from new
    stores resulted from the consolidation of Fairlawn Rehabilitation Hospital
    ("Fairlawn") in Worcester, Massachusetts effective June 1, 2014, as
    discussed below. The increase in net patient revenue per discharge
    resulted from price adjustments, higher average acuity for the patients
    served, and contributions from hospitals that opened in the second quarter
    of 2013 and were undergoing Medicare certification.
  oIncome from continuing operations attributable to HealthSouth per diluted
    share for the second quarter of 2014 was $0.81 per share compared to $1.66
    per share for the second quarter of 2013. Earnings per share for the
    second quarter of 2014 included strong operating results and the $27.2
    million, or $0.27 per diluted share, nontaxable gain related to the
    increase in ownership and consolidation of Fairlawn. Earnings per share
    for the second quarter of 2013 included a $1.15 per diluted share benefit
    associated with a settlement with the Internal Revenue Service.
  oCash flows provided by operating activities were $235.1 million for the
    six months ended June 30, 2014 compared to $226.8 million for the six
    months ended June 30, 2013. This increase was primarily due to increased
    net operating revenues and continued disciplined expense management.
  oAdjusted EBITDA (see attached supplemental information) for the second
    quarter of 2014 was $152.7 million compared to $134.5 million for the
    second quarter of 2013, or an increase of 13.5%. This improvement was due
    primarily to continued revenue growth and disciplined expense management,
    including contributions from hospitals that opened in the second quarter
    of 2013. Adjusted EBITDA in the second quarter of 2014 also included a
    $1.4 million benefit from the increase in ownership and consolidation of
    Fairlawn.
  oAdjusted free cash flow (see attached supplemental information) for the
    second quarter of 2014 was $97.9 million compared to $72.5 million for the
    second quarter of 2013. Adjusted free cash flow for the second quarter of
    2014 benefited from higher Adjusted EBITDA, lower working capital, and a
    reduction in preferred dividends.

"The strength of our cash flow generation was again evidenced by first half
2014 adjusted free cash flow of $163 million," said Doug Coltharp, Executive
Vice President and Chief Financial Officer of HealthSouth. "The cash we
generated supported $52.7 million in discretionary capital expenditures, $43.1
million in common stock repurchases, $31.6 million in common stock dividends,
and the purchase of our increased equity ownership in Fairlawn."

Acquisition of Additional Ownership Interest in Joint Venture Hospital

As previously announced, in June 2014, the Company acquired an additional 30%
equity interest from UMass Memorial Health Care, its joint venture partner in
Fairlawn. This transaction increased the Company's ownership interest from 50%
to 80% and resulted in a change in accounting for this hospital from the
equity method of accounting to a consolidated entity. As a result of its
consolidation of this hospital and the remeasurement of its previously held
equity interest at fair value, the Company recorded a $27.2 million gain as
part of other income during the three and six months ended June30, 2014. The
transaction was funded using cash on hand.

2014 Guidance

Based on its results for the first half of 2014, including the impact of the
increase in ownership and consolidation of Fairlawn, the Company is:

  oraising its full-year 2014 Adjusted EBITDA guidance to a range of $570
    million to $580 million from a range of $555 million to $565 million.
  oraising its full-year 2014 guidance for income from continuing operations
    attributable to HealthSouth per diluted share to $2.25 to $2.31 per share
    from $1.86 to $1.91 per share.

Earnings Conference Call and Webcast

The Company will host an investor conference call at 9:00 a.m. Eastern Time on
Tuesday, July29, 2014 to discuss its results for the second quarter of 2014.
For reference during the call, the Company will post certain supplemental
slides at http://investor.healthsouth.com.

The conference call may be accessed by dialing 877-587-6761 and giving the
pass code 55539778. International callers should dial 706-679-1635 and give
the same pass code. Please call approximately ten minutes before the start of
the call to ensure you are connected.The conference call will also be webcast
live and will be available at http://investor.healthsouth.comby clicking on
an available link.

An on-line replay of the conference call will be available after the live
broadcast at http://investor.healthsouth.com.

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 www.healthsouth.com.

Other Information

The information in this press release is summarized and should be read in
conjunction with the Company's Quarterly Report on Form 10-Q for the quarter
ended June30, 2014 (the "June 2014 Form 10-Q"), when filed, as well as the
Company's Current Report on Form 8-K filed on July28, 2014. In addition, the
Company will post supplemental slides today on its website at
http://investor.healthsouth.comfor reference during its July29, 2014
earnings call.

When filed, the June 2014 Form 10-Q can be found on the Company's website at
http://investor.healthsouth.comand the SEC's website at www.sec.gov.





HealthSouth Corporation and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
                                    Three Months Ended  Six Months Ended
                                    June 30,            June 30,
                                    2014      2013      2014        2013
                                    (In Millions)
Net operating revenues              $ 604.4   $ 564.5   $ 1,195.6   $ 1,137.1
Less: Provision for doubtful        (9.3)     (7.0)     (16.8)      (14.4)
accounts
Net operating revenues less         595.1     557.5     1,178.8     1,122.7
provision for doubtful accounts
Operating expenses:
Salaries and benefits               285.3     273.6     571.4       548.2
Other operating expenses            86.3      81.0      170.8       159.1
Occupancy costs                     10.3      11.9      20.8        24.1
Supplies                            27.8      26.6      55.4        52.8
General and administrative expenses 30.2      29.5      60.9        59.7
Depreciation and amortization       26.4      23.1      52.8        45.2
Government, class action, and       (0.8)     (2.0)     (0.8)       (2.0)
related settlements
Professional fees—accounting, tax,  2.0       2.2       3.6         3.6
and legal
Total operating expenses            467.5     445.9     934.9       890.7
Interest expense and amortization   27.8      24.4      55.7        48.6
of debt discounts and fees
Other income                        (28.2)    (1.9)     (29.9)      (2.6)
Equity in net income of             (2.6)     (3.3)     (6.9)       (6.2)
nonconsolidated affiliates
Income from continuing operations
before income tax expense           130.6     92.4      225.0       192.2
 (benefit)
Provision for income tax expense    36.5      (86.5)    69.3        (53.0)
(benefit)
Income from continuing operations   94.1      178.9     155.7       245.2
Income (loss) from discontinued     3.8       0.1       3.7         (0.3)
operations, net of tax
Net income                          97.9      179.0     159.4       244.9
Less: Net income attributable to    (14.8)    (13.8)    (29.6)      (28.4)
noncontrolling interests
Net income attributable to          83.1      165.2     129.8       216.5
HealthSouth
Less: Convertible perpetual         (1.5)     (5.8)     (3.1)       (11.5)
preferred stock dividends
Net income attributable to          $ 81.6    $ 159.4   $ 126.7     $ 205.0
HealthSouth common shareholders



HealthSouth Corporation and Subsidiaries
Condensed Consolidated Statements of Operations (Continued)
(Unaudited)
                                        Three Months Ended  Six Months Ended
                                        June 30,            June 30,
                                        2014      2013      2014      2013
                                        (In Millions, Except Per Share Data)
Weighted average common shares
outstanding:
Basic                                   86.7      86.1      87.0      90.0
Diluted                                 100.6     99.8      100.8     103.4
Earnings per common share:
Basic earnings per share attributable
to HealthSouth
 common shareholders:
Continuing operations                   $  0.89   $ 1.82    $ 1.40    $ 2.24
Discontinued operations                 0.04      —         0.04      —
Net income                              $  0.93   $ 1.82    $ 1.44    $ 2.24
Diluted earnings per share attributable
to HealthSouth
 common shareholders:
Continuing operations                   $  0.81   $ 1.66    $ 1.29    $ 2.09
Discontinued operations                 0.04      —         0.04      —
Net income                              $  0.85   $ 1.66    $ 1.33    $ 2.09
Cash dividends per common share         $  0.18   $ —       $ 0.36    $ —
Amounts attributable to HealthSouth
common shareholders:
Income from continuing operations       $  79.3   $ 165.1   $ 126.1   $ 216.8
Income (loss) from discontinued         3.8       0.1       3.7       (0.3)
operations, net of tax
Net income attributable to HealthSouth  $  83.1   $ 165.2   $ 129.8   $ 216.5



HealthSouth Corporation and Subsidiaries
Condensed Consolidated Balance Sheets
(Unaudited)
                                                      June 30,    December 31,
                                                      2014       2013
                                                      (In Millions)
Assets
Current assets:
Cash and cash equivalents                             $ 65.8      $  64.5
Accounts receivable, net of allowance for doubtful
accounts of $24.8 in 2014; $23.1                      272.3       261.8
 in 2013
Deferred income tax assets                            138.9       139.0
Other current assets                                  103.9       115.1
Total current assets                                  580.9       580.4
Property and equipment, net                           976.5       910.5
Goodwill                                              491.7       456.9
Intangible assets, net                                103.3       88.2
Deferred income tax assets                            276.1       354.3
Other long-term assets                                148.0       144.1
Total assets                                          $ 2,576.5   $  2,534.4
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable                                      $ 55.7      $  61.9
Accrued expenses and other current liabilities        243.6       249.7
Total current liabilities                             299.3       311.6
Long-term debt, net of current portion                1,475.1     1,505.2
Other long-term liabilities                           141.1       142.2
                                                      1,915.5     1,959.0
Commitments and contingencies
Convertible perpetual preferred stock                 93.2        93.2
Redeemable noncontrolling interests                   12.4        13.5
Shareholders' equity:
HealthSouth shareholders' equity                      413.7       344.6
Noncontrolling interests                              141.7       124.1
Total shareholders' equity                            555.4       468.7
Total liabilities and shareholders' equity            $ 2,576.5   $  2,534.4



HealthSouth Corporation and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
                                                     Six Months Ended June 30,
                                                     2014          2013
                                                     (In Millions)
Cash flows from operating activities:
Net income                                           $  159.4      $  244.9
(Income) loss from discontinued operations           (3.7)         0.3
Adjustments to reconcile net income to net cash
provided by operating activities—
Provision for doubtful accounts                      16.8          14.4
Depreciation and amortization                        52.8          45.2
Equity in net income of nonconsolidated affiliates   (6.9)         (6.2)
Distributions from nonconsolidated affiliates        6.5           5.0
Stock-based compensation                             14.3          12.8
Deferred tax expense (benefit)                       62.7          (53.5)
Gain on consolidation of Fairlawn Rehabilitation     (27.2)        —
Hospital
Other                                                6.1           0.3
(Increase) decrease in assets—
Accounts receivable                                  (35.6)        (38.8)
Other assets                                         8.4           (0.7)
Increase (decrease) in liabilities—
Accounts payable                                     2.7           9.5
Other liabilities                                    (20.0)        (6.2)
Net cash used in operating activities of             (1.2)         (0.2)
discontinued operations
Total adjustments                                    79.4          (18.4)
Net cash provided by operating activities            235.1         226.8
Cash flows from investing activities:
Purchases of property and equipment                  (89.5)        (69.0)
Capitalized software costs                           (11.0)        (11.9)
Acquisition of business, net of cash acquired        (15.9)        (28.9)
Other                                                9.4           8.4
Net cash used in investing activities                (107.0)       (101.4)
Cash flows from financing activities:
Borrowings on revolving credit facility              65.0          132.0
Payments on revolving credit facility                (95.0)        (59.0)
Repurchases of common stock, including fees and      (43.1)        (234.1)
expenses
Dividends paid on common stock                       (31.6)        —
Dividends paid on convertible perpetual preferred    (3.1)         (11.5)
stock
Distributions paid to noncontrolling interests of    (25.4)        (23.9)
consolidated affiliates
Other                                                6.4           7.0
Net cash used in financing activities                (126.8)       (189.5)
Increase (decrease) in cash and cash equivalents     1.3           (64.1)
Cash and cash equivalents at beginning of period     64.5          132.8
Cash and cash equivalents at end of period           $  65.8       $  68.7



HealthSouth Corporation and Subsidiaries
Supplemental Information
Earnings Per Share
                                     QTD
                                     Q2 2014               Q2 2013
                                     (In Millions, Except Per Share Data)
Adjusted EBITDA                      $   152.7             $   134.5
Interest expense and amortization of (27.8)                (24.4)
debt discounts and fees
Depreciation and amortization        (26.4)                (23.1)
Stock-based compensation expense     (7.0)                 (6.5)
Noncash loss on disposal of assets   (1.7)                 (1.7)
                                     89.8                  78.8
Certain nonrecurring expenses:
Government, class action, and        0.8                   2.0
related settlements
Professional fees—accounting, tax,   (2.0)                 (2.2)
and legal
Gain on consolidation of Fairlawn
Rehabilitation Hospital              27.2                  —


Pre-tax income                       115.8                 78.6
Income tax (expense) benefit ^(1)    (36.5)         ^(2)   86.5           ^(3)
Income from continuing operations    $   79.3              $   165.1
^(4)
Basic shares                         86.7                  86.1
Diluted shares                       100.6                 99.8
Basic earnings per share ^(4)        $   0.89              $   1.82
Diluted earnings per share ^(4)      $   0.81              $   1.66

^(1) Current income tax expense (benefit) for the three months ended June30,
2014 and 2013 was $3.0 million and ($1.3) million, respectively.
^(2) The Company's effective income tax rate was reduced as a result of the
nontaxable gain related to its acquisition of an additional 30% equity
interest in Fairlawn Rehabilitation Hospital, as discussed elsewhere in this
document.
^(3) Includes an approximate $115 million, or $1.15 per diluted share, benefit
related to the Company's settlement with the IRS related to the previous
restatement of its 2000 and 2001 financial statements, as well as certain
other tax matters, through December 31, 2008.
^(4) Income from continuing operations attributable to HealthSouth.



HealthSouth Corporation and Subsidiaries
Supplemental Information
Earnings Per Share
                                     YTD
                                     Q2 2014               Q2 2013
                                     (In Millions, Except Per Share Data)
Adjusted EBITDA                      $   296.8             $   273.8
Interest expense and amortization of (55.7)                (48.6)
debt discounts and fees
Depreciation and amortization        (52.8)                (45.2)
Stock-based compensation expense     (14.3)                (12.8)
Noncash loss on disposal or          (3.0)                 (1.8)
impairment of assets
                                     171.0                 165.4
Certain nonrecurring expenses:
Government, class action, and        0.8                   2.0
related settlements
Professional fees—accounting, tax,   (3.6)                 (3.6)
and legal
Gain on consolidation of Fairlawn
Rehabilitation Hospital              27.2                  —


Pre-tax income                       195.4                 163.8
Income tax (expense) benefit ^(1)    (69.3)         ^(2)   53.0           ^(3)
Income from continuing operations    $   126.1             $   216.8
^(4)
Basic shares                         87.0                  90.0
Diluted shares                       100.8                 103.4
Basic earnings per share ^(4)        $   1.40              $   2.24
Diluted earnings per share ^(4)      $   1.29              $   2.09

^(1) Current income tax expense for the six months ended June30, 2014 and
2013 was $6.6 million and $0.5 million, respectively.
^(2) The Company's effective income tax rate was reduced as a result of the
nontaxable gain related to its acquisition of an additional 30% equity
interest in Fairlawn Rehabilitation Hospital, as discussed elsewhere in this
document.
^(3) Includes an approximate $115 million, or $1.11 per diluted share, benefit
related to the Company's settlement with the IRS related to the previous
restatement of its 2000 and 2001 financial statements, as well as certain
other tax matters, through December 31, 2008.
^(4) Income from continuing operations attributable to HealthSouth.



HealthSouth Corporation and Subsidiaries
Supplemental Information
Reconciliation of Net Income to Adjusted EBITDA
                        Three Months Ended June 30,  Six Months Ended June 30,
                        2014            2013         2014          2013
                        (In Millions)
Net income              $   97.9        $  179.0     $  159.4      $  244.9
(Income) loss from
discontinued
operations, net of      (3.8)           (0.1)        (3.7)         0.3
 tax, attributable to
HealthSouth
Provision for income    36.5            (86.5)       69.3          (53.0)
tax expense (benefit)
Interest expense and
amortization of debt    27.8            24.4         55.7          48.6
discounts
 and fees
Professional
fees—accounting, tax,   2.0             2.2          3.6           3.6
and legal
Government, class
action, and related     (0.8)           (2.0)        (0.8)         (2.0)
settlements
Net noncash loss on
disposal or impairment  1.7             1.7          3.0           1.8
of assets
Depreciation and        26.4            23.1         52.8          45.2
amortization
Stock-based             7.0             6.5          14.3          12.8
compensation expense
Net income attributable
to noncontrolling       (14.8)          (13.8)       (29.6)        (28.4)
interests
Gain on consolidation
of Fairlawn
Rehabilitation          (27.2)          —            (27.2)        —
 Hospital


Adjusted EBITDA         $   152.7       $  134.5     $  296.8      $  273.8



HealthSouth Corporation and Subsidiaries
Supplemental Information
Reconciliation of Net Cash Provided by Operating Activities to Adjusted Free
Cash Flow
                          Three Months Ended  Six Months Ended    Year Ended
                          June 30,            June 30,            December 31,
                          2014      2013      2014      2013      2013
                          (In Millions)
Net cash provided by      $ 128.0   $ 105.4   $ 235.1   $ 226.8   $   470.3
operating activities
Impact of discontinued    1.0       (0.5)     1.2       0.2       1.9
operations
Net cash provided by
operating activities of   129.0     104.9     236.3     227.0     472.2
 continuing operations
Capital expenditures for  (17.6)    (16.8)    (47.8)    (35.7)    (74.8)
maintenance
Dividends paid on
convertible perpetual     (1.5)     (5.8)     (3.1)     (11.5)    (23.0)
preferred
 stock
Distributions paid to
noncontrolling interests  (13.4)    (10.7)    (25.4)    (23.9)    (46.3)
of
 consolidated affiliates
Nonrecurring items:
Premium paid on           —         —         —         —         1.7
redemption of bonds
Cash paid (received) for:
Professional
fees—accounting, tax, and 2.0       2.2       3.6       3.6       7.0
legal
Government, class
action, and related       (0.6)     (1.3)     (0.6)     (1.3)     (5.9)
settlements
Adjusted free cash flow   $ 97.9    $ 72.5    $ 163.0   $ 158.2   $   330.9





For the three months ended June30, 2014, net cash used in investing
activities was $39.2 million and resulted primarily from capital expenditures
and acquisition activity. Net cash used in financing activities during the
three months ended June30, 2014 was $76.1 million and resulted primarily from
net debt payments, repurchases of common stock, cash dividends on common
stock, and distributions paid to noncontrolling interests of consolidated
affiliates.

For the three months ended June30, 2013, net cash used in investing
activities was $53.5 million and resulted primarily from capital expenditures
and acquisition activity. Net cash used in financing activities during the
three months ended June30, 2013 was $63.3 million and resulted primarily from
net debt payments, distributions paid to noncontrolling interests of
consolidated affiliates, and dividends paid on the Company's convertible
perpetual preferred stock.

For the six months ended June30, 2014, net cash used in investing activities
was $107.0 million and resulted primarily from capital expenditures and
acquisition activity. Net cash used in financing activities during the six
months ended June30, 2014 was $126.8 million and resulted primarily from
repurchases of common stock, net debt payments, cash dividends on common
stock, and distributions paid to noncontrolling interests of consolidated
affiliates.

For the six months ended June30, 2013, net cash used in investing activities
was $101.4 million and resulted primarily from capital expenditures and
acquisition activity. Net cash used in financing activities during the six
months ended June30, 2013 was $189.5 million and resulted primarily from
repurchases of common stock as part of the tender offer completed in the first
quarter of 2013.

For the year ended December31, 2013, net cash used in investing activities
was $226.2 million and resulted primarily from increased capital expenditures
and the acquisition of Walton Rehabilitation Hospital. Net cash used in
financing activities during the year ended December31, 2013 was $312.4
million and resulted primarily from repurchases of common stock as part of the
tender offer completed in the first quarter of 2013.

HealthSouth Corporation and Subsidiaries
Forward-Looking Statements

Statements contained in this press release which are not historical facts,
such as the financial guidance, are forward-looking statements. In addition,
HealthSouth, through its senior management, 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, involve a number of
risks and uncertainties, and relate to, among other things, future events,
HealthSouth's plan to repurchase its debt or equity securities, dividend
strategies, effective income tax rates, HealthSouth's business strategy, its
financial plans, its future financial performance, its projected business
results or model, its projected capital expenditures, or its leverage ratio.
Actual events or results 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
events or results to differ materially from those estimated by HealthSouth
include, but are not limited to, the price of HealthSouth's common or
preferred stock as it affects the Company's willingness and ability to
repurchase shares and the financial and accounting effects of any repurchases;
any adverse outcome of various lawsuits, claims, and legal or regulatory
proceedings involving HealthSouth, including its pending DOJ and HHS-OIG
investigations; potential disruptions, breaches, or other incidents affecting
the proper operation, availability, or security of HealthSouth's information
systems, including unauthorized access to or theft of patient information;
significant changes in HealthSouth's management team; HealthSouth's ability to
successfully complete and integrate de novo developments, acquisitions,
investments, and joint ventures consistent with its growth strategy; 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; changes in the regulation of the healthcare
industry at either or both of the federal and state levels, including as part
of national healthcare reform and deficit reduction; competitive pressures in
the healthcare industry and HealthSouth's response thereto; HealthSouth's
ability to obtain and retain favorable arrangements with third-party payors;
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; general conditions in the
economy and capital markets; the increase in the costs of defending and
insuring against alleged professional liability claims and HealthSouth's
ability to predict the estimated costs related to such claims; 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 December31, 2013 and Form 10-Q for the quarters ended March31, 2014,
and June 30, 2014, when filed.

Media Contact
Casey Lassiter, 205-410-2777
casey.lassiter@healthsouth.com

Investor Relations Contact
Mary Ann Arico, 205-969-6175
maryann.arico@healthsouth.com

SOURCE HealthSouth Corporation

Website: http://www.healthsouth.com
 
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