HEALTHSOUTH Corporation (HLSH) Message Board

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Biotech / Medical : HEALTHSOUTH Corporation (HLSH)

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To: jmhollen who started this subject	6/24/2004 9:39:46 AM
From: jmhollen	of 116

HealthSouth Closes Consent Solicitations for All Outstanding Public Debt 6/24/2004 8:38:00 AM BIRMINGHAM, Ala., Jun 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- HealthSouth Corp. (OTC Pink Sheets: HLSH) today announced that it has closed all of its consent solicitations for its outstanding public debt. As a result, the Company has obtained the consents required to approve the amendments and waivers that bring HealthSouth into compliance on all of its $2.6 billion in public debt. The Company received consents from holders of over 99% in principal amount of each of the series of the debt issues for which consent solicitations expired yesterday. "We are delighted to have successfully closed these consent solicitations, an important milestone in the turnaround of HealthSouth," said Jay Grinney, HealthSouth's President and Chief Executive Officer. "We are now continuing our efforts to build a future of solid growth and profitability for the Company." The total consent fees to be paid for all of the Company's debt issues, including the previously completed consent solicitations for its 10.75% Senior Subordinated Notes and its 8.50% Senior Notes due 2008, is approximately $80 million. About HealthSouth HealthSouth is the nation's largest provider of outpatient surgery, diagnostic imaging and rehabilitative healthcare services, operating facilities nationwide and abroad. HealthSouth can be found on the Web at healthsouth.com . .

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