HealthSouth Finalizes Purchase of New Jersey Rehabilitation Hospital

BIRMINGHAM, Ala., July 31 /PRNewswire-FirstCall/ -- HealthSouth
Corporation (NYSE: HLS) has finalized, through one of its wholly owned
subsidiaries, its previously announced purchase of The Rehabilitation Hospital
of South Jersey, a 34-bed inpatient rehabilitation hospital in Vineland, NJ,
from The Mediplex/Cumberland Rehabilitation Limited Partnership.
"The Rehabilitation Hospital of South Jersey, under the outstanding
leadership of Dr. Francis Bonner, has provided exceptional care to patients in
the South Jersey area for many years and we look forward to continuing this
tradition for many years to come," said Jay Grinney, HealthSouth's president
and chief executive officer. "We are very pleased to welcome the hospital to
HealthSouth's nationwide network of preeminent rehabilitation hospitals."
The acquisition of The Rehabilitation Hospital of South Jersey adds a
third New Jersey rehabilitation hospital to HealthSouth's northeast region.
HealthSouth currently operates HealthSouth Rehabilitation Hospital of New
Jersey in Toms River and Tinton Falls Rehabilitation Hospital, a Joint Venture
of HealthSouth and Monmouth Medical Center, in Tinton Falls.
About HealthSouth
HealthSouth is the nation's largest provider of inpatient rehabilitation
services. Operating in 26 states across the country and in Puerto Rico,
HealthSouth serves more than 250,000 patients annually through its network of
inpatient rehabilitation hospitals, long-term acute care hospitals, outpatient
rehabilitation satellites, and home health agencies. HealthSouth strives to be
the health care company of choice for its patients, employees, physicians and
shareholders and can be found on the Web at www.healthsouth.com .
Statements contained in this press release which are not historical facts
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 and involve a number of risks and uncertainties.
HealthSouth's actual results may differ materially from the results
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 to differ materially from those estimated by
HealthSouth include, but are not limited to, any adverse outcome of various
lawsuits, claims, and legal or regulatory proceedings that may be brought
against us or any adverse outcome relating to the settlement of the federal
securities class action previously disclosed by us; significant changes in
HealthSouth's management team; HealthSouth's ability to continue to operate in
the ordinary course and manage its relationships with its creditors, including
its lenders, bondholders, vendors and suppliers, employees, and customers;
changes, delays in, 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; 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; general conditions in the
economy and capital markets; and other factors which may be identified from
time to time in the Company's SEC filings and other public announcements,
including HealthSouth's Form 10-K for the year ended December 31, 2007.
Media Contact
Andy Brimmer, 205-410-2777
SOURCE HealthSouth Corporation

Andy Brimmer, HealthSouth Corporation, +1-205-410-2777