HealthSouth Slammed after Profit Warning

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HealthSouth (HRC ) shares plummeted after the company said a July 1 change in Medicare and Medicaid reimbursement policy for outpatient services could cut its EBITDA by $175 million annually. The company suspended its EPS guidance. HealthSouth announced a number of executive changes in relation to its plans to effect a tax-free separation of the surgery center division into a public company. S&P downgraded the shares.

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