Last $37.78 USD
Change Today -0.50 / -1.31%
Volume 303.7K
HLS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

healthsouth corp (HLS) Snapshot

Open
$38.26
Previous Close
$38.28
Day High
$38.45
Day Low
$37.74
52 Week High
07/29/14 - $42.41
52 Week Low
02/5/14 - $29.82
Market Cap
3.3B
Average Volume 10 Days
340.3K
EPS TTM
$1.49
Shares Outstanding
87.7M
EX-Date
09/29/14
P/E TM
25.4x
Dividend
$0.84
Dividend Yield
1.91%
Current Stock Chart for HEALTHSOUTH CORP (HLS)

healthsouth corp (HLS) Related Businessweek News

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healthsouth corp (HLS) Details

HealthSouth Corporation owns and operates inpatient rehabilitation hospitals in the United States. The company provides specialized rehabilitative treatment on an inpatient and outpatient basis. Its inpatient rehabilitation hospitals offer specialized rehabilitative care services to patients in various disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions. As of December 31, 2013, it operated 103 inpatient rehabilitation hospitals, including 72 owned hospitals and 31 jointly owned hospitals in 28 states and Puerto Rico; operated 20 outpatient rehabilitation satellite clinics; and managed 3 inpatient rehabilitation units through management contracts, as well as 25 licensed and hospital-based home health agencies. The company was founded in 1983 and is headquartered in Birmingham, Alabama.

16,692 Employees
Last Reported Date: 07/29/14
Founded in 1983

healthsouth corp (HLS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $525.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $527.0K
Chief Human Resources Officer and Executive O...
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2013.

healthsouth corp (HLS) Key Developments

HEALTHSOUTH Corp. Appoints Timothy R. Patten as Regional President for the Northeast Region

HealthSouth Corporation announced the appointment of Timothy R. Patten as regional president for the Northeast region. Patten, will have operational responsibilities for 17 hospitals in Delaware, Maine, Massachusetts, New Hampshire, New Jersey and Pennsylvania. Since 2010, Patten served as regional vice president of operations for Vibra Healthcare. Prior to that, he served in various leadership positions with other post-acute and acute care providers.

HEALTHSOUTH Mulls Acquisitions

HEALTHSOUTH Corp. (NYSE:HLS) is looking for acquisitions. Jay Grinney, President and Chief Executive Officer of Healthsouth said, "We are not 100% sure where it is going to end up, so we are going to be interested in any kind of acquisition that would enhance our position in that kind of environment".

HEALTHSOUTH Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year of 2014

HEALTHSOUTH Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company's consolidated net operating revenues were $604.4 million compared to $564.5 million for the second quarter of 2013, or an increase of 7.1%. This increase was attributable to a 3.0% increase in patient discharges and a 4.9% increase in net patient revenue per discharge. Discharge growth included a 1.4% increase in same-store discharges. Income from continuing operations before income tax expense was $130.6 million against $92.4 million a year ago. Net income attributable to HealthSouth common shareholders was $81.6 million or $0.85 per diluted share against $159.4 million or $1.66 per diluted share a year ago. Income from continuing operations was $94.1 million or $0.81 per share compared to $178.9 million or $1.66 per share for the same period of 2013. $152.7 million compared to $134.5 million for the second quarter of 2013, or an increase of 13.5%. This improvement was due primarily to continued revenue growth and disciplined expense management, including contributions from hospitals that opened in the second quarter of 2013. Adjusted EBITDA in the second quarter of 2014 also included a $1.4 million benefit from the increase in ownership and consolidation of Fairlawn. Adjusted free cash flow was $97.9 million compared to $72.5 million for the same period of 2013. Adjusted free cash flow for the second quarter of 2014 benefited from higher Adjusted EBITDA, lower working capital, and a reduction in preferred dividends. For the six months period, the company reported net operating revenues of $1,195.6 million against $1,137.1 million a year ago. Income from continuing operations before income tax expense was $225.0 million against $192.2 million a year ago. Income from continuing operations was $245.2 million or 1.29 per diluted share against $216.8 million or $2.09 per diluted share a year ago. Net income attributable to HealthSouth common shareholders was $126.7 million or $1.33 per diluted share against $205.0 million or $2.09 per diluted share a year ago. Purchases of property and equipment were $89.5 million against $69.0 million a year ago. Capitalized software costs were $11.0 million against $11.9 million a year ago. Cash flows provided by operating activities were $235.1 million compared to $226.8 million for the same period of 2012. This increase was primarily due to increased net operating revenues and continued disciplined expense management. Adjusted EBITDA was $296.8 million against $273.8 million a year ago. Adjusted free cash flow was $163.0 million against $158.2 million a year ago. Based on its results for the first half of 2014, including the impact of the increase in ownership and consolidation of Fairlawn, the company raised it’s full-year 2013 Adjusted EBITDA guidance to be in the range of $570 million to $580 million from a range of $555 million to $565 million. The company revised guidance for income from continuing operations attributable to HealthSouth per share per diluted share to be in the range of $2.25 to $2.31 per share from $1.86 to $1.91 per share.

 

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Industry Analysis

HLS

Industry Average

Valuation HLS Industry Range
Price/Earnings 22.5x
Price/Sales 1.4x
Price/Book 8.1x
Price/Cash Flow 9.9x
TEV/Sales 0.7x
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