HealthSouth CEO Says Obama Plan May Prompt Sites to Close
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HealthSouth Corp. Chief Executive Officer Jay Grinney said an Obama administration plan to target rehabilitation hospitals may force him to close facilities and would cost $26 million if it were in place now.
The Birmingham, Alabama-based in-patient rehabilitation company fell $1.48, or 9 percent, to $15.02 at 4:03 p.m. in New York Stock Exchange composite trading, the lowest since Oct. 30,