HealthSouth Finalizes Acquisition of RehabCare Rehabilitation Hospital in Midland,...

HealthSouth Finalizes Acquisition of RehabCare Rehabilitation Hospital in
Midland, Texas

BIRMINGHAM, Ala., Sept. 2 /PRNewswire-FirstCall/ -- HealthSouth
Corporation (NYSE: HLS) has finalized its previously announced acquisition of
a 38-bed inpatient rehabilitation hospital in Midland, Texas. The hospital was
owned by RehabCare Group of Midland, L.P. The hospital's operations will
relocate to HealthSouth Rehabilitation Hospital of Midland/Odessa.
"We have provided high-quality services to the Midland/Odessa market since
1993 and, with the closing of this transaction, continue our commitment to
expand the reach of HealthSouth's services," said Jay Grinney, HealthSouth's
president and chief executive officer. "We look forward to serving more
patients in this area."
HealthSouth operates 14 rehabilitation hospitals throughout Texas.
Accredited by The Joint Commission, HealthSouth's inpatient rehabilitation
hospitals provide a higher level of rehabilitative care to patients who are
recovering from stroke and other neurological disorders, brain and spinal cord
injury, amputations, orthopedic, cardiac and pulmonary conditions.
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 for HealthSouth Corporation, +1-205-410-2777