Last $40.00 USD
Change Today -0.45 / -1.11%
Volume 347.9K
HLS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

healthsouth corp (HLS) Snapshot

Open
$40.68
Previous Close
$40.45
Day High
$40.68
Day Low
$39.92
52 Week High
07/29/14 - $42.41
52 Week Low
02/5/14 - $29.82
Market Cap
3.5B
Average Volume 10 Days
675.8K
EPS TTM
$1.57
Shares Outstanding
87.8M
EX-Date
12/30/14
P/E TM
25.5x
Dividend
$0.84
Dividend Yield
1.88%
Current Stock Chart for HEALTHSOUTH CORP (HLS)

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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.

16,799 Employees
Last Reported Date: 10/28/14
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 Corporation Enters into an Additional Tranche Term Loan Amendment

On December 23, 2014, HealthSouth Corporation entered into an additional tranche term loan amendment to its existing third amended and restated credit agreement, dated August 10, 2012, as supplemented or otherwise modified from time to time, among the company, Barclays Bank PLC, as administrative agent and collateral agent, Citigroup Global Markets Inc., as syndication agent, Bank of America, N.A., Goldman Sachs Lending Partners LLC, and Morgan Stanley Senior Funding Inc., as co-documentation agents, and various other lenders from time to time. The lenders entering into the amendment pursuant to the accordion feature in the credit agreement were the Agent, Citibank, N.A., BofA, Goldman Sachs Bank USA, J.P. Morgan Bank, N.A., Morgan Stanley Bank, N.A., SunTrust Bank, Wells Fargo Bank, National Association, Royal Bank of Canada, Regions Bank, IBERIABANK, and Cadence Bank, NA. The amendment established a new $300 million tranche of term loan facility with substantially the same terms as its existing $150 million term loan facility. The company expects to draw the entire amount of this term loan capacity on or before December 31, 2014 to fund the cash purchase price in the acquisition of EHHI Holdings Inc. Both term loan tranches mature September 20, 2019 and are subject to the same applicable interest rate schedule as amounts drawn under the revolving credit facility, which rate is currently LIBOR plus 1.75%. Amounts drawn under the term loan facility shall be payable in equal consecutive quarterly installments, commencing on March 31, 2015, of 1.25% of the aggregate principal amount of the term loan outstanding as of March 31, 2015. The company shall have the right at any time and from time to time to prepay, in whole or in part, any borrowing under either term loan facility. The company has agreed to use the net proceeds from future capital markets debt issuances to repay up to $250 million in borrowings under the new term loan facility.

Ehhi Holdings, Inc, HEALTHSOUTH Corp. - M&A Call

To consider definitive agreement to acquire Encompass Home Health and Hospice

HealthSouth Corporation Purchases Land in Murrieta, California and Plans to Construct Inpatient Rehabilitation Hospital

HealthSouth Corporation announced it has acquired land and plans to construct an approximately 54,000-square foot, two-story inpatient rehabilitation hospital in Murrieta, California. In connection with these plans, HealthSouth purchased 4.8 acres of land located at 35470 Whitewood Road in Murrieta. The proposed 50-bed hospital will provide inpatient rehabilitative care including specialized rehabilitation programs using advanced technology to help patients recover from major illnesses, injuries or surgeries. Design work on the hospital is currently underway, and the Company will be working closely with California's Office of Statewide Health Planning and Development (OSHPD) in order to begin construction as quickly as possible. Given the regulatory timetable, construction is expected to begin in the third quarter of 2016, and the hospital should be operational by the fourth quarter of 2017. The new hospital represents an approximately $30 million investment in the community and, once fully operational, will provide approximately 200 full-time jobs. The company has also announced plans to build an inpatient rehabilitation hospital in Modesto, California, pending approval from OSHPD.

 

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Industry Analysis

HLS

Industry Average

Valuation HLS Industry Range
Price/Earnings 24.1x
Price/Sales 1.5x
Price/Book 7.8x
Price/Cash Flow 10.5x
TEV/Sales 0.6x
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