HealthSouth Appoints Diane L. Munson as President of Outpatient Rehabilitation Division
BIRMINGHAM, Ala., Mar 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- HealthSouth Corporation (OTC Pink Sheets: HLSH) today announced it has named Diane L. Munson as President of its Outpatient Rehabilitation Division, effective March 15, 2004. Munson will lead HealthSouth's Outpatient Rehabilitation Division, which includes a nationwide network of approximately 900 facilities located in 44 states.
"We're delighted to welcome Diane to the HealthSouth team," said Bob May, HealthSouth's Interim Chief Executive Officer who also has been serving as Interim President of the Outpatient Rehabilitation Division. "Diane's extensive industry experience and proven track record of improving operations under her management make her an ideal choice to lead HealthSouth's Outpatient Division."
Munson has more than 25 years of general management experience in healthcare operations. Most recently, she served as Vice President and General Manager for Beverly Enterprises, Inc. She also has served as President and Chief Executive Officer of Fluidsense Inc., and has held senior executive positions with Baxter International Inc. and Caremark International Inc.
About HEALTHSOUTH
HealthSouth is the nation's largest provider of outpatient surgery, diagnostic imaging and rehabilitative healthcare services, with nearly 1,700 locations nationwide and abroad. HealthSouth 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. Such forward-looking statements are necessarily estimates based upon current information, involve a number of risks and uncertainties and are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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: the investigations by the Department of Justice and the Securities Exchange Commission into HealthSouth's financial reporting and related activity calling into question the accuracy of the Company's previously filed financial statements; HealthSouth's statement that as a result of the investigations, the Company's previously filed financial statements should no longer be relied upon and may result in the Company restating its prior financial statements; the withdrawal by HealthSouth's former accountants of their audit reports on all of the Company's previously filed financial statements; the outcome of pending litigation relating to these matters; significant changes in HealthSouth's management team; HealthSouth's ability to successfully amend, restructure and/or renegotiate its existing indebtedness or cure or receive a waiver of the events of default under such agreements, the failure of which may result in HealthSouth filing a voluntary petition for bankruptcy; HealthSouth's ability to continue to operate in the ordinary course and manage it's relationships with its creditors, including it's 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; changes to or delays in the implementation of the prospective payment system for inpatient rehabilitation services; competitive pressures in the healthcare industry and HealthSouth's response thereto; HealthSouth's ability to obtain and retain favorable arrangements with third-party payors; 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.
SOURCE HealthSouth Corporation
Andy Brimmer for HealthSouth Corporation, +1-205-410-2777
healthsouth.com |
