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Biotech / Medical : HEALTHSOUTH Corporation (HLSH)

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To: jmhollen who started this subject10/1/2003 1:19:44 PM
From: jmhollen   of 116
 
HealthSouth Divides Ambulatory Services Division Into Two Separate Divisions -- Outpatient Rehabilitation and Diagnostics
Karen Davis Named President of New Diagnostics Division; Company Announces Further Management Changes


BIRMINGHAM, Ala., Oct. 1 /PRNewswire-FirstCall/ -- HealthSouth Corporation (OTC Pink Sheets: HLSH) today announced that it will divide its Ambulatory Services Division into two divisions -- Outpatient Rehabilitation and Diagnostics. Bob May, who serves as HealthSouth's Interim Chief Executive Officer and Interim President of its Ambulatory Services Division, will continue to oversee the new Outpatient Rehabilitation Division until the search for a permanent replacement is complete. Karen Davis has been named President of the new Diagnostics Division.


By separating its diagnostics business into its own division, HealthSouth said it will be better able to place a renewed focus on HealthSouth's 127 diagnostic imaging centers across the country. HealthSouth said it plans to enhance the Diagnostics Division's information systems, acquire new equipment where needed and create a dedicated sales team for the division.

Davis has worked for HealthSouth for nine years in a variety of capacities. She has served as Diagnostic Group Vice President for the Eastern United States, as CEO for HealthSouth Metro West Hospital, and as its National Director for Clinical Trials. Prior to coming to HealthSouth, she worked for Diagnostic Health Corporation, which was acquired by HealthSouth in 1994.

"Separating diagnostics into its own division exemplifies our commitment to investing in and operating our core lines of business, in which diagnostic imaging plays an integral role," May said. "Karen understands the intrinsic needs and demands of this expanding healthcare specialty. She makes a great addition to the senior management team."

HealthSouth also announced other management changes, including the resignations of William W. Horton, Executive Vice President and Corporate Counsel, and Brandon O. Hale, Executive Vice President -- Administration and Corporate Secretary.

Greg Doody, a partner of Balch & Bingham LLP, a regional law firm based in Birmingham, Ala., has been named Acting Corporate Counsel and Corporate Secretary and will assist May in coordinating matters regarding HealthSouth's legal affairs while a search is conducted for Horton's permanent replacement. In addition, Trevor Dignall, President of Dignall and Associates, a human resources consulting and executive search business, will assume interim responsibility for Hale's administrative activities.

HealthSouth is the nation's largest provider of outpatient surgery, diagnostic imaging and rehabilitative healthcare services, operating nearly 1,700 facilities nationwide and abroad. HealthSouth can be found on the Web at www.healthsouth.com.

For more information contact Andy Brimmer at 205-410-2777.

SOURCE HealthSouth Corporation
CONTACT: Andy Brimmer of HealthSouth Corporation, +1-205-410-2777
Web site: healthsouth.com
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