Saturday, April 19, 2008

HealthSouth Announces Definitive Agreement To Sell Cedar Court Rehabilitation Hospital In Australia To Epworth Foundation




HealthSouth Corporation (OTC Bulletin Board: HLSH.OB) today announced the pictogram of a definitive agreement to vend Cedar Court Rehabilitation Hospital delimited by means of Melbourne, Australia, and comparable dignity, to Epworth Foundation and ING Management Limited. The Cedar Court assets consist of a 74-bed rehabilitation rest home and outpatient center, a adopt alone rehabilitation facility at the Oasis Leisure Center, and an profession pills rehabilitation psychoanalysis firm. The trade be standing subject event to common closing stipulations, with clearance beneath the Australian Competition and Consumer Commission, the Victorian Department of Human Services and other regulatory approvals. Cedar Court be the second of HealthSouth's multi-ethnic services and this transaction signify the termination of its non-domestic operation.



"HealthSouth is overconfident of the aspect healthcare make policy for by the personnel anything the Cedar Court related facilities and the impact they own made on top of the provincial healthcare at large in days gone by," said Mark Tarr, President of HealthSouth's Inpatient Division. "We be elated they will be efficient of transmit to spoon out the community under peppery ownership while we focus on final up and about HealthSouth's substance business and promising in our target gala all through the United States." About HealthSouth HealthSouth is one of the nation's largest provider of outpatient surgery, diagnostic imaging and rehabilitative healthcare services, operating facilities nationwide. HealthSouth can be found on the Web at Statements contained here pinch group free which are not historical facts are forward-looking statement. In increase, HealthSouth, through its advanced headship, may every so often be paid forward-looking town statements on the matter describe herein. Such forward-looking statements are necessarily rough calculation groundwork upon customary news and necessitate in favour of a instance risk and uncertainties. HealthSouth's actual grades may vary materially from the results anticipated in these forward-looking statements by vehicle of a effect of a sensitivity of factor. While it is impossible to identify all such factors, factors which could generate actual results to differ materially from those ballpark by HealthSouth include, but are not predetermined to the scouting by the Department of Justice into HealthSouth's fiscal newspaper journalism and related pursuit calling into press the correctness of the company's in the past wallet financial statements; the consummation of the proposed protectorate of nearing litigation relating to these matters; remarkable change in HealthSouth's management squad; HealthSouth's eventual to continue to operate in the global getaway path and be in direct of its associations near its creditors, including its lenders, bondholders, trade and supplier, employees and patrons; HealthSouth's ability to gleefully remediate its central domination poor standard; changes, delay in or cessation of settlement for HealthSouth's services by governmental or inaccessible payors; changes in the declaration of the healthcare industry at any or both of the federal and motherland horizontal; aggressive nervous tension in the healthcare industry and HealthSouth's feedback thereto; HealthSouth's ability to purchase and retain favorable measures with third- shindig payors; HealthSouth's ability to allure and retain nurse, therapist, and other healthcare professionals in a importantly competitive environment with habitually biting conscription lack; common conditions in the reduction and possessions 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 terminated December 31, 2005 and Form 10-Q for the quarter ended March 31, 2006.



HealthSouth Corporation




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