Last $40.33 USD
Change Today +0.72 / 1.82%
Volume 521.5K
HLS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

healthsouth corp (HLS) Snapshot

Open
$40.26
Previous Close
$39.61
Day High
$40.66
Day Low
$39.75
52 Week High
07/29/14 - $42.41
52 Week Low
02/5/14 - $29.82
Market Cap
3.5B
Average Volume 10 Days
539.0K
EPS TTM
$1.57
Shares Outstanding
87.8M
EX-Date
12/30/14
P/E TM
25.7x
Dividend
$0.84
Dividend Yield
1.86%
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.

16,799 Employees
Last Reported Date: 10/27/14
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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year of 2014

HEALTHSOUTH Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, net operating revenue was $596.9 million against $564.0 million a year ago. Income from continuing operations before income tax expense was $87.8 million against $108.4 million a year ago. Income from continuing operations was $65.7 million against $73.2 million a year ago. Net income was $64.8 million against $72.3 million a year ago. Net income attributable to common shareholders of the company was $48.5 million or $0.52 per diluted share against $52.5 million or $0.58 per diluted share a year ago. Adjusted EBITDA was $140.0 million against $135.5 million a year ago. Adjusted free cash flow was $1.03.3 million against $106.4 million a year ago. Net cash provided by operating activities was $139.6 million compared to $142.6 million a year ago. For the nine months, net operating revenue was $1,792.5 million against $1,701.1 million a year ago. Income from continuing operations before income tax expense was $312.8 million against $300.6 million a year ago. Income from continuing operations was $221.4 million against $318.4 million a year ago. Net income attributable to common shareholders of the company was $175.2 million or $1.85 per diluted share against $257.5 million or $2.68 per diluted share a year ago. Net cash provided by operating activities was $374.7 million against $369.4 million a year ago. This increase primarily resulted from continued revenue growth. Purchases of property and equipment were $133.9 million against $166.8 million a year ago. Adjusted EBITDA was $436.8 million against $409.3 million a year ago. Adjusted free cash flow was $265.9 million against $264.6 million a year ago. These increases were accomplished in spite of sequestration, which negatively impacted third quarter by $8 million and the first three quarters by $17 million. For the full year 2014, based on its year-to-date results, the company expects adjusted EBITDA guidance to a range of $575 million to $580 million from a range of $570 million to $580 million. The company revising its full-year 2014 guidance for income from continuing operations attributable to the company per diluted share to a range of $2.24 to $2.27 per share from a range of $2.25 to $2.31 per share. The company's previous guidance estimates did not include the approximate $13 million, or $0.08 per diluted share, loss on early extinguishment of debt to be recorded in the fourth quarter of 2014. The company expects adjusted free cash flow for 2014 to increase over the $331 million generated in 2013.

HEALTHSOUTH Seeks Acquisitions

HEALTHSOUTH Corp. (NYSE:HLS) is looking for acquisition opportunities. Doug Coltharp, Executive Vice President and Chief Financial Officer of HealthSouth said, “We also believe we are well positioned to take advantage of acquisition opportunities should they arise."

HealthSouth Corporation to Build Hospital in Franklin, Tennessee

HealthSouth Corporation announced that the Tennessee Court of Appeals has affirmed the order approving its certificate of need to build a 40-bed inpatient rehabilitation hospital in Franklin, Tennessee. Construction on the approximately 49,000-square foot hospital is expected to begin in the fourth quarter of 2014. Located at the intersection of Edward Curd Lane and Physician's Way, the 40-bed hospital will provide patients with access to specialized rehabilitation programs and innovative equipment and technology, including electronic medical records, and is expected to be operational in the fourth quarter of 2015. The development of the inpatient rehabilitation hospital is expected to represent an approximately $23 million investment in the community and, once fully operational, generate approximately 100 new, full-time jobs.

 

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Industry Analysis

HLS

Industry Average

Valuation HLS Industry Range
Price/Earnings 23.8x
Price/Sales 1.5x
Price/Book 7.6x
Price/Cash Flow 10.4x
TEV/Sales 0.6x
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