HealthSouth Takes a Turn for the Better
Since HealthSouth Corp. launched in 1984, it has always been hard for Wall Street and the health-care industry to think of the country's largest chain of in-patient rehabilitation hospitals without its founder, CEO Richard Scrushy. Most bet the $4 billion Birmingham (Ala.)-based company would quickly collapse into bankruptcy when directors ousted Scrushy on Mar. 31 amid charges by federal investigators of nearly $3 billion in inflated profits between 1996 and 2002 (see BW, 4/14/03, "Too Good to Be True").
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.