2012 Q4 Form 10-Q Financial Statement

#000078516112000066 Filed on October 26, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q4
Revenue $552.9M $537.0M $518.1M
YoY Change 6.72% 7.9% 5.54%
Cost Of Revenue $26.20M $23.80M $26.10M
YoY Change 0.38% -3.64% 0.0%
Gross Profit $519.5M $506.2M $485.9M
YoY Change 6.92% 8.19% 4.54%
Gross Profit Margin 93.96% 94.26% 93.78%
Selling, General & Admin $315.0M $307.5M $298.2M
YoY Change 5.63% 6.81% 5.48%
% of Gross Profit 60.64% 60.75% 61.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.70M $21.30M $20.20M
YoY Change 7.43% 9.23% 4.12%
% of Gross Profit 4.18% 4.21% 4.16%
Operating Expenses $414.7M $404.2M $390.1M
YoY Change 6.31% 7.02% 4.25%
Operating Profit $104.8M $102.0M $95.80M
YoY Change 9.39% 13.08% 5.74%
Interest Expense -$21.30M -$20.20M -$19.90M
YoY Change 7.04% -12.93% -37.62%
% of Operating Profit -20.32% -19.8% -20.77%
Other Income/Expense, Net $1.100M $6.100M $1.200M
YoY Change -8.33% 2950.0% -20.0%
Pretax Income $81.90M $88.50M $82.70M
YoY Change -0.97% 71.18% 75.58%
Income Tax $24.50M $28.10M $15.20M
% Of Pretax Income 29.91% 31.75% 18.38%
Net Earnings $47.00M $47.10M $50.00M
YoY Change -6.0% -17.37% -93.58%
Net Earnings / Revenue 8.5% 8.77% 9.65%
Basic Earnings Per Share $0.43 $0.43 $0.45
Diluted Earnings Per Share $0.43 $0.43 $0.46
COMMON SHARES
Basic Shares Outstanding 95.66M shares 94.70M shares
Diluted Shares Outstanding 108.1M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.8M $163.2M $30.10M
YoY Change 341.2% 242.14% -54.74%
Cash & Equivalents $132.8M $163.2M $30.10M
Short-Term Investments
Other Short-Term Assets $117.2M $138.1M $138.1M
YoY Change -15.13% -3.76% 3.83%
Inventory
Prepaid Expenses
Receivables $249.3M $247.5M $222.8M
Other Receivables $18.00M $0.00 $11.70M
Total Short-Term Assets $636.8M $548.8M $491.6M
YoY Change 29.54% 33.72% 21.02%
LONG-TERM ASSETS
Property, Plant & Equipment $748.0M $739.3M $664.4M
YoY Change 12.58% 13.95% 4.98%
Goodwill $437.3M $437.3M $421.7M
YoY Change 3.7% 0.33%
Intangibles $73.20M $73.60M $57.70M
YoY Change 26.86% -1.37%
Long-Term Investments $19.20M $27.10M
YoY Change -29.15% -3.56%
Other Assets $135.4M $130.7M $128.3M
YoY Change 5.53% -82.54% -11.03%
Total Long-Term Assets $1.787B $1.907B $1.780B
YoY Change 0.44% 2.52% -9.48%
TOTAL ASSETS
Total Short-Term Assets $636.8M $548.8M $491.6M
Total Long-Term Assets $1.787B $1.907B $1.780B
Total Assets $2.424B $2.456B $2.271B
YoY Change 6.74% 8.15% -4.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.30M $51.90M $45.40M
YoY Change -0.22% 14.32% 1.79%
Accrued Expenses $111.6M $325.9M $107.5M
YoY Change 3.81% 34.28% 9.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.60M -$18.90M
YoY Change -171.96% 30.34%
Total Short-Term Liabilities $300.9M $377.8M $313.2M
YoY Change -3.93% 31.14% -12.83%
LONG-TERM LIABILITIES
Long-Term Debt $1.240B $1.242B $1.236B
YoY Change 0.33% -5.07% -17.44%
Other Long-Term Liabilities $24.00M $137.9M $30.40M
YoY Change -21.05% 2.15% 7.42%
Total Long-Term Liabilities $24.00M $137.9M $1.266B
YoY Change -98.1% -90.45% -16.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $300.9M $377.8M $313.2M
Total Long-Term Liabilities $24.00M $137.9M $1.266B
Total Liabilities $1.671B $1.758B $1.682B
YoY Change -0.65% -3.18% -15.34%
SHAREHOLDERS EQUITY
Retained Earnings -$2.425B -$2.610B
YoY Change -7.09% -7.4%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $163.3M $148.8M
YoY Change 9.74% 4.94%
Treasury Stock Shares 5.234M shares 4.489M shares
Shareholders Equity $291.0M $244.7M $117.0M
YoY Change
Total Liabilities & Shareholders Equity $2.424B $2.456B $2.271B
YoY Change 6.74% 8.15% -4.25%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q4
OPERATING ACTIVITIES
Net Income $47.00M $47.10M $50.00M
YoY Change -6.0% -17.37% -93.58%
Depreciation, Depletion And Amortization $21.70M $21.30M $20.20M
YoY Change 7.43% 9.23% 4.12%
Cash From Operating Activities $109.3M $107.2M $129.4M
YoY Change -15.53% 94.2% 93.42%
INVESTING ACTIVITIES
Capital Expenditures -$31.50M -$33.80M -$47.20M
YoY Change -33.26% 28.03% 130.24%
Acquisitions $1.000M
YoY Change
Other Investing Activities -$23.00M -$2.200M -$10.10M
YoY Change 127.72% -102.03% -30.82%
Cash From Investing Activities -$54.50M -$36.00M -$57.30M
YoY Change -4.89% -143.96% 63.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -85.20M 50.90M -89.70M
YoY Change -5.02% -134.02% -48.42%
NET CHANGE
Cash From Operating Activities 109.3M 107.2M 129.4M
Cash From Investing Activities -54.50M -36.00M -57.30M
Cash From Financing Activities -85.20M 50.90M -89.70M
Net Change In Cash -30.40M 122.1M -17.60M
YoY Change 72.73% -1076.8% -87.61%
FREE CASH FLOW
Cash From Operating Activities $109.3M $107.2M $129.4M
Capital Expenditures -$31.50M -$33.80M -$47.20M
Free Cash Flow $140.8M $141.0M $176.6M
YoY Change -20.27% 72.79% 102.06%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We operate in a highly regulated and litigious industry. As a result, various lawsuits, claims, and legal and regulatory proceedings have been and can be expected to be instituted or asserted against us. The resolution of any such lawsuits, claims, or legal and regulatory proceedings could materially and adversely affect our financial position, results of operations, and cash flows in a given period.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Litigation&#8212;</font></div><div style="line-height:120%;padding-bottom:13px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All lawsuits purporting to be derivative complaints filed in the Circuit Court of Jefferson County, Alabama since 2002 have been consolidated and stayed in favor of the first-filed action captioned </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker v. Scrushy</font><font style="font-family:inherit;font-size:10pt;"> and filed August&#160;28, 2002. Derivative lawsuits in other jurisdictions have been stayed. The </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> complaint asserted claims on our behalf against, among others, a number of our former officers and directors and Ernst&#160;&amp; Young LLP, our former auditor. When originally filed, the primary allegations in the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> case involved self-dealing by Richard M. Scrushy, our former chairman and chief executive officer, and other insiders through transactions with various entities allegedly controlled by Mr.&#160;Scrushy. The complaint was amended four times to add additional defendants and include claims of accounting fraud, improper Medicare billing practices, and additional self-dealing transactions. The </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> derivative litigation, including a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.9 billion</font><font style="font-family:inherit;font-size:10pt;"> judgment against Mr. Scrushy, and the related settlements to date are more fully described in &#8220;Litigation Against Richard M. Scrushy&#8221; and &#8220;Litigation By and Against Former Independent Auditor&#8221; below and in Note 21, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Settlements</font><font style="font-family:inherit;font-size:10pt;">, &#8220;UBS Litigation Settlement,&#8221; and Note 22, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contingencies and Other Commitments</font><font style="font-family:inherit;font-size:10pt;">, to the consolidated financial statements accompanying the 2011 Form 10-K.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Litigation Against Richard M. Scrushy&#8212; </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 18, 2009, the Circuit Court of Jefferson County, Alabama ruled in the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> case on our derivative claims against Mr. Scrushy presented during a nonjury trial held May 11 to May 26, 2009. The court held Mr. Scrushy responsible for fraud and breach of fiduciary duties and awarded us </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.9 billion</font><font style="font-family:inherit;font-size:10pt;"> in damages. On July 24, 2009, Mr. Scrushy filed a notice of appeal of the trial court&#8217;s decision, and the parties subsequently submitted their briefs to the Supreme Court of Alabama. On January 28, 2011, the Supreme Court upheld the trial court&#8217;s decision in its entirety. On April 15, 2011, the Alabama Supreme Court denied Mr. Scrushy's application for a rehearing of its initial decision. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We will pursue collection aggressively and to the fullest extent permitted by law. We, in coordination with derivative plaintiffs' counsel, are attempting to locate, in order to collect the judgment, Mr. Scrushy's current assets and other assets we believe were improperly disposed. Part of this effort is a fraudulent transfer complaint filed on July&#160;2, 2009 against Mr. Scrushy and a number of related entities by derivative plaintiffs for the benefit of HealthSouth in the Circuit Court of Jefferson County, Alabama, captioned </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker v. Scrushy et al</font><font style="font-family:inherit;font-size:10pt;">. While these collection efforts continue, some of Mr. Scrushy&#8217;s assets have been seized and sold at auction pursuant to the state law procedure for collection of a judgment. Other assets will likewise be sold from time to time. On May 3, 2011, the Circuit Court of Jefferson County entered an order for distribution of amounts collected and liquidated. After reimbursement of reasonable out-of-pocket expenses incurred by HealthSouth and the attorneys for the derivative shareholder plaintiffs for property maintenance of and fees incurred to locate Mr. Scrushy's assets and after recording a liability for the federal plaintiffs' </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">25%</font><font style="font-family:inherit;font-size:10pt;"> apportionment of any net recovery from Mr. Scrushy as required in our consolidated securities action settlement, we recorded a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.3 million</font><font style="font-family:inherit;font-size:10pt;"> net gain in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Government, class action, and related settlements</font><font style="font-family:inherit;font-size:10pt;"> in our consolidated statement of operations for the year ended December 31, 2011 in connection with our receipt of cash distributions. During the three and nine months ended September 30, 2012, we recorded a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;"> net gain in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Government, class action, and related settlements</font><font style="font-family:inherit;font-size:10pt;"> in our consolidated statement of operations in connection with our receipt of additional cash distributions.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For further discussion of our consolidated securities action settlement that previously resolved claims brought against us by former stockholders and bondholders, see Note 21, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Settlements</font><font style="font-family:inherit;font-size:10pt;">, "Securities Litigation Settlement" to the consolidated financial statements accompanying the 2011 Form 10-K. We are obligated to pay </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">35%</font><font style="font-family:inherit;font-size:10pt;"> of any recovery from Mr. Scrushy along with reasonable out-of-pocket expenses to the attorneys for the derivative shareholder plaintiffs. In connection with those obligations, during 2011, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.2 million</font><font style="font-family:inherit;font-size:10pt;"> of the amounts previously collected were distributed to attorneys for the derivative shareholder plaintiffs. During the three and nine months ended September 30, 2012, an additional </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;"> of the amounts collected were distributed to attorneys for the derivative shareholder plaintiffs. We recorded these cash distributions as part of </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Professional fees&#8212;accounting, tax, and legal</font><font style="font-family:inherit;font-size:10pt;"> in our condensed consolidated statements of operations for the year ended December&#160;31, 2011 and the three and nine months ended September 30, 2012.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Litigation By and Against Former Independent Auditor&#8212;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2003, claims on behalf of HealthSouth were brought in the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> derivative litigation against Ernst &amp; Young, alleging that from 1996 through 2002, when Ernst &amp; Young served as our independent auditor, Ernst &amp; Young acted recklessly and with gross negligence in performing its duties, and specifically that Ernst &amp; Young failed to perform reviews and audits of our financial statements with due professional care as required by law and by its contractual agreements with us. The claims further allege Ernst &amp; Young either knew of or, in the exercise of due care, should have discovered and investigated the fraudulent and improper accounting practices being directed by certain officers and employees, and should have reported them to our board of directors and the audit committee. The claims seek compensatory and punitive damages, disgorgement of fees received from us by Ernst &amp; Young, and attorneys&#8217; fees and costs. On March&#160;18, 2005, Ernst&#160;&amp; Young filed a lawsuit captioned </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ernst&#160;&amp; Young LLP v. HealthSouth Corp.</font><font style="font-family:inherit;font-size:10pt;"> in the Circuit Court of Jefferson County, Alabama. The complaint alleges we provided Ernst&#160;&amp; Young with fraudulent management representation letters, financial statements, invoices, bank reconciliations, and journal entries in an effort to conceal accounting fraud. Ernst&#160;&amp; Young claims that as a result of our actions, Ernst&#160;&amp; Young&#8217;s reputation has been injured and it has and will incur damages, expenses, and legal fees. On April&#160;1, 2005, we answered Ernst&#160;&amp; Young&#8217;s claims and asserted counterclaims related or identical to those asserted in the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> action. Upon Ernst&#160;&amp; Young&#8217;s motion, the Alabama state court referred Ernst&#160;&amp; Young&#8217;s claims and our counterclaims to arbitration pursuant to a clause in the engagement agreements between HealthSouth and Ernst &amp; Young. On July&#160;12, 2006, we and the derivative plaintiffs filed an arbitration demand on behalf of HealthSouth against Ernst&#160;&amp; Young. On August&#160;7, 2006, Ernst &amp; Young filed an answering statement and counterclaim in the arbitration reasserting the claims made in state court. In August 2006, we and the derivative plaintiffs agreed to jointly prosecute the claims against Ernst &amp; Young in arbitration.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are vigorously pursuing our claims against Ernst &amp; Young and defending the claims against us. The three-person arbitration panel that is adjudicating the claims and counterclaims in arbitration was selected under rules of the American Arbitration Association (the "AAA"). The trial phase of the arbitration process began on July 12, 2010 and is currently stayed. We requested that the panel review and consider the ongoing proceedings in another case, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">In re State of Alabama Department of Revenue v. HealthSouth Corporation, et al.,</font><font style="font-family:inherit;font-size:10pt;"> which the Supreme Court of Alabama agreed on August 17, 2012 to hear on appeal. The </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">In re Alabama</font><font style="font-family:inherit;font-size:10pt;"> case is itself unrelated to the Ernst &amp; Young arbitration but does involve an issue of Alabama law that is in dispute in the arbitration. The issue is whether, under Alabama law, the wrongdoing of disloyal employees can or should be imputed to the employer. The Supreme Court is scheduled to hear oral arguments on November 7, 2012.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">However, pursuant to an order of the AAA panel, all aspects of the arbitration are confidential. Accordingly, we will not discuss the details of the arbitration until there is a resolution. Based on the stage of arbitration, and review of the current facts and circumstances, we do not believe there is a reasonable possibility of a loss that might result from an adverse judgment or a settlement of this case.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">General Medicine Action&#8212;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August&#160;16, 2004, General Medicine, P.C. filed a lawsuit against us captioned </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">General Medicine, P.C. v. HealthSouth Corp.</font><font style="font-family:inherit;font-size:10pt;"> seeking the recovery of allegedly fraudulent transfers involving assets of Horizon/CMS Healthcare Corporation, a former subsidiary of HealthSouth. The lawsuit is pending in the Circuit Court of Jefferson County, Alabama (the &#8220;Alabama Action&#8221;).</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">General Medicine's underlying claim against Horizon/CMS originates from a services contract entered into in 1995 between General Medicine and Horizon/CMS whereby General Medicine agreed to provide medical director services to skilled nursing facilities owned by Horizon/CMS for a term of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three years</font><font style="font-family:inherit;font-size:10pt;">. Horizon/CMS terminated the agreement for cause six months after it was executed, and General Medicine then initiated a lawsuit against Horizon/CMS in the United States District Court for the Eastern District of Michigan in 1996 (the &#8220;Michigan Action&#8221;). General Medicine's complaint in the Michigan Action alleged that Horizon/CMS breached the services contract by wrongfully terminating General Medicine. We acquired Horizon/CMS in 1997 and sold it to Meadowbrook Healthcare, Inc. in 2001 pursuant to a stock purchase agreement. In 2004, Meadowbrook, without the knowledge of HealthSouth, consented to the entry of a final judgment in the Michigan Action in favor of General Medicine against Horizon/CMS for the alleged wrongful termination of the contract with General Medicine in the amount of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$376 million</font><font style="font-family:inherit;font-size:10pt;">, plus interest from the date of the judgment until paid at the rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;"> per annum (the &#8220;Consent Judgment&#8221;). The </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$376 million</font><font style="font-family:inherit;font-size:10pt;"> damages figure was unilaterally selected by General Medicine and was not tested or opposed by Meadowbrook. Additionally, the settlement agreement (the &#8220;Settlement&#8221;) used as the basis for the Consent Judgment provided that Meadowbrook would pay only </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$300,000</font><font style="font-family:inherit;font-size:10pt;"> to General Medicine to settle the Michigan Action and that General Medicine would seek to recover the remaining balance of the Consent Judgment solely from us. We were not a party to the Michigan Action, the Settlement negotiated by Meadowbrook, or the Consent Judgment. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The complaint filed by General Medicine against us in the Alabama Action alleges that while Horizon/CMS was our wholly owned subsidiary, General Medicine was an existing creditor of Horizon/CMS by virtue of the Settlement. The complaint also alleges we caused Horizon/CMS to transfer its assets to us for less than a reasonably equivalent value or, in the alternative, with the actual intent to defraud creditors of Horizon/CMS, including General Medicine, in violation of the Alabama Uniform Fraudulent Transfer Act. General Medicine further alleges in its amended complaint that we are liable for the Consent Judgment despite not being a party to it because as Horizon/CMS's parent we failed to observe corporate formalities in our operation and ownership of Horizon/CMS, misused our control of Horizon/CMS, stripped assets from Horizon/CMS, and engaged in other conduct which amounted to a fraud on Horizon/CMS's creditors. General Medicine has requested relief including recovery of the unpaid amount of the Consent Judgment, the avoidance of the subject transfers of assets, attachment of the assets transferred to us, appointment of a receiver over the transferred properties, and a monetary judgment for the value of properties transferred. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have denied liability to General Medicine and asserted counterclaims against General Medicine for fraud, injurious falsehood, tortious interference with business relations, conspiracy, unjust enrichment, abuse of process, and other causes of action. In our counterclaims, we alleged the Consent Judgment is the product of fraud, collusion and bad faith by General Medicine and Meadowbrook and, further, that these parties were guilty of a conspiracy to manufacture a lawsuit against HealthSouth in favor of General Medicine. Consequently, we assert that the Consent Judgment is not evidence of a legitimate debt owed by Horizon/CMS to General Medicine that is collectible from HealthSouth under any theory of liability.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2008, after we obtained discovery concerning the circumstances that lead to the entry of the Consent Judgment, we filed a motion in the Michigan Action asking the court to set aside the Consent Judgment on grounds that it was the product of fraud on the court and collusion by the parties. On May 21, 2009, the court granted our motion to set aside the Consent Judgment on grounds that it was the product of fraud on the court. On March 9, 2010, General Medicine filed an appeal of the court's decision to the Sixth Circuit Court of Appeals. The parties agreed to a voluntary stay of the Alabama Action pending the outcome of General Medicine's appeal to the Sixth Circuit Court of Appeals. On April 10, 2012, a three-judge panel of the Sixth Circuit Court of Appeals reversed the lower court's ruling and reinstated the Consent Judgment. On June 26, 2012, the Sixth Circuit Court of Appeals denied our application for rehearing by the full court. Due to the conclusion of the appeal in the Michigan Action, General Medicine requested reactivation of the Alabama Action in the Circuit Court of Jefferson County, Alabama. On October 4, 2012, the Alabama Action was assigned to a judge in the commercial litigation docket. An initial status conference has been set for November 9, 2012.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on the stage of litigation, review of the current facts and circumstances as we understand them, the nature of the underlying claim, the results of the proceedings to date, and the nature and scope of the defense we continue to mount, we do not believe an adverse judgment or settlement is probable in this matter, and it is also not possible to estimate the amount of loss, if any, or range of possible loss that might result from an adverse judgment or settlement of this case. We intend to vigorously defend ourselves against General Medicine's claims and to vigorously prosecute our counterclaims against General Medicine.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Litigation&#8212;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have been named as a defendant in a lawsuit filed March 28, 2003 by several individual stockholders in the Circuit Court of Jefferson County, Alabama, captioned </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nichols v. HealthSouth Corp</font><font style="font-family:inherit;font-size:10pt;">. The plaintiffs allege that we, some of our former officers, and our former investment bank engaged in a scheme to overstate and misrepresent our earnings and financial position. The plaintiffs are seeking compensatory and punitive damages. This case was consolidated with the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tucker</font><font style="font-family:inherit;font-size:10pt;"> case for discovery and other pretrial purposes and was stayed in the Circuit Court on August&#160;8, 2005. The plaintiffs filed an amended complaint on November 9, 2010 to which we responded with a motion to dismiss filed on December 22, 2010. During a hearing on February&#160;24, 2012, plaintiffs' counsel indicated his intent to dismiss certain claims against us. Instead, on March 9, 2012, the plaintiffs amended their complaint to include additional securities fraud claims against HealthSouth and add several former officers to the lawsuit. On September 12, 2012, the plaintiffs further amended their complaint to request certification as a class action. One of those named officers removed the case to federal court on September 14, 2012. We filed a motion to remand the case back to state court on October 12, 2012. We intend to vigorously defend ourselves in this case. Based on the stage of litigation, review of the current facts and circumstances as we understand them, the nature of the underlying claim, the results of the proceedings to date, and the nature and scope of the defense we continue to mount, we do not believe an adverse judgment or settlement is probable in this matter, and it is also not possible to estimate the amount of loss, if any, or range of possible loss that might result from an adverse judgment or settlement of this case. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We were named as a defendant in a lawsuit filed March 3, 2009 by an individual in the Court of Common Pleas, Richland County, South Carolina, captioned </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Sulton v. HealthSouth Corp, et al.</font><font style="font-family:inherit;font-size:10pt;"> The plaintiff alleged that certain treatment he received at a HealthSouth facility complicated a pre-existing infectious injury. The plaintiff sought recovery for pain and suffering, medical expenses, punitive damages, and other damages. On July 30, 2010, the jury in this case returned a verdict in favor of the plaintiff for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.3 million</font><font style="font-family:inherit;font-size:10pt;"> in damages. On May 29, 2012, the Supreme Court of South Carolina granted the parties' joint motion to submit the appeal directly to that court. The parties have completed their briefing for the appeal, and the Supreme Court heard oral arguments on October 17, 2012. We believe the attending nurses acted both responsibly and professionally, and we will continue to support and defend them. Although we continue to believe in the merit of our defenses and counterarguments, we have recorded a liability of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$12.3 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accrued expenses and other current liabilities</font><font style="font-family:inherit;font-size:10pt;"> in our condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011 with a corresponding receivable of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$7.7 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other current assets</font><font style="font-family:inherit;font-size:10pt;"> for the portion of the claim we expect to be covered through our excess insurance coverages, resulting in a net charge of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.6 million</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other operating expenses</font><font style="font-family:inherit;font-size:10pt;"> in our consolidated statement of operations for the year ended December 31, 2010. The </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.6 million</font><font style="font-family:inherit;font-size:10pt;"> portion of this claim would be a covered claim through our captive insurance subsidiary, HCS, Ltd. As a result of the verdict, we made a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6.0 million</font><font style="font-family:inherit;font-size:10pt;"> payment through HCS, Ltd. to the Richland County Clerk as a deposit during the on-going appeal process. The deposit is a restricted asset included in O</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ther current assets</font><font style="font-family:inherit;font-size:10pt;"> in our condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Matters&#8212;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The False Claims Act, 18 U.S.C. &#167; 287, allows private citizens, called &#8220;relators,&#8221; to institute civil proceedings alleging violations of the False Claims Act. These </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">qui tam</font><font style="font-family:inherit;font-size:10pt;"> cases are generally sealed by the court at the time of filing. The only parties privy to the information contained in the complaint are the relator, the federal government, and the presiding court. It is possible that </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">qui tam</font><font style="font-family:inherit;font-size:10pt;"> lawsuits have been filed against us and that we are unaware of such filings or have been ordered by the presiding court not to discuss or disclose the filing of such lawsuits. We may be subject to liability under one or more undisclosed </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">qui tam</font><font style="font-family:inherit;font-size:10pt;"> cases brought pursuant to the False Claims Act.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">It is our obligation as a participant in Medicare and other federal healthcare programs to routinely conduct audits and reviews of the accuracy of our billing systems and other regulatory compliance matters. As a result of these reviews, we have made, and will continue to make, disclosures to the HHS-OIG and CMS relating to amounts we suspect represent over-payments from these programs, whether due to inaccurate billing or otherwise. Some of these disclosures have resulted in, or may result in, HealthSouth refunding amounts to Medicare or other federal healthcare programs. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 24, 2011, we received a document subpoena addressed to HealthSouth Hospital of Houston, a long-term acute care hospital ("LTCH") we closed in August 2011, from the Dallas, Texas office of the HHS-OIG. The subpoena is in connection with an investigation of possible false or otherwise improper claims submitted to Medicare and Medicaid and requests documents and materials relating to this closed LTCH's patient admissions, length of stay, and discharge matters. We are cooperating fully with the HHS-OIG in connection with this subpoena and are currently unable to predict the timing or outcome of this investigation. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We also face certain financial risks and challenges relating to our 2007 divestiture transactions (see Note&#160;18, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Assets and Liabilities in and Results of Discontinued Operations</font><font style="font-family:inherit;font-size:10pt;">, to the consolidated financial statements accompanying the 2011 Form 10-K) following their closing. These include indemnification obligations or other claims and assessments, which in the aggregate could have a material adverse effect on our financial position, results of operations, and cash flows.</font></div></div>
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GovernmentClassActionAndRelatedSettlementsExpense
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CY2012Q3 hls Government Class Action And Related Settlements Expense
GovernmentClassActionAndRelatedSettlementsExpense
-3500000 USD
CY2012Q3 hls Guarantees Maximum Term
GuaranteesMaximumTerm
54 M
CY2012Q3 hls Guarantees Minimum Term
GuaranteesMinimumTerm
1 M
CY2012Q3 hls Income Loss From Continuing Operations Attributable To Common Shareholders Basic
IncomeLossFromContinuingOperationsAttributableToCommonShareholdersBasic
41900000 USD
hls Income Loss From Continuing Operations Attributable To Common Shareholders Basic
IncomeLossFromContinuingOperationsAttributableToCommonShareholdersBasic
116500000 USD
hls Income Loss From Continuing Operations Attributable To Common Shareholders Basic
IncomeLossFromContinuingOperationsAttributableToCommonShareholdersBasic
84300000 USD
CY2011Q3 hls Income Loss From Continuing Operations Attributable To Common Shareholders Basic
IncomeLossFromContinuingOperationsAttributableToCommonShareholdersBasic
15700000 USD
CY2011Q3 hls Income Tax Benefit Resulting From Reduction In Unrecognized Tax Benefits
IncomeTaxBenefitResultingFromReductionInUnrecognizedTaxBenefits
-2000000 USD
hls Income Tax Benefit Resulting From Reduction In Unrecognized Tax Benefits
IncomeTaxBenefitResultingFromReductionInUnrecognizedTaxBenefits
-8000000 USD
hls Income Tax Benefit Resulting From Tax Settlement
IncomeTaxBenefitResultingFromTaxSettlement
-24000000 USD
CY2012Q3 hls Income Tax Expense Resulting From Application Of Blended Federal And State Rate
IncomeTaxExpenseResultingFromApplicationOfBlendedFederalAndStateRate
30000000 USD
hls Income Tax Expense Resulting From Application Of Blended Federal And State Rate
IncomeTaxExpenseResultingFromApplicationOfBlendedFederalAndStateRate
50000000 USD
CY2011Q3 hls Income Tax Expense Resulting From Application Of Blended Federal And State Rate
IncomeTaxExpenseResultingFromApplicationOfBlendedFederalAndStateRate
16000000 USD
hls Income Tax Expense Resulting From Application Of Blended Federal And State Rate
IncomeTaxExpenseResultingFromApplicationOfBlendedFederalAndStateRate
86000000 USD
hls Increase Decrease In Refunds Due Patients And Other Third Party Payors
IncreaseDecreaseInRefundsDuePatientsAndOtherThirdPartyPayors
3300000 USD
CY2012Q3 hls Medicare Denials Percentage Collected After Appeal
MedicareDenialsPercentageCollectedAfterAppeal
0.58
CY2012Q3 hls Net Operating Revenues Less Provision For Doubtful Accounts
NetOperatingRevenuesLessProvisionForDoubtfulAccounts
530000000 USD
hls Net Operating Revenues Less Provision For Doubtful Accounts
NetOperatingRevenuesLessProvisionForDoubtfulAccounts
1589200000 USD
CY2011Q3 hls Net Operating Revenues Less Provision For Doubtful Accounts
NetOperatingRevenuesLessProvisionForDoubtfulAccounts
492600000 USD
hls Net Operating Revenues Less Provision For Doubtful Accounts
NetOperatingRevenuesLessProvisionForDoubtfulAccounts
1493900000 USD
CY2012Q3 hls Number Of General Or Limited Partnerships Limited Liability Companies Or Joint Ventures
NumberOfGeneralOrLimitedPartnershipsLimitedLiabilityCompaniesOrJointVentures
9 facilities
CY2012Q3 hls Number Of Guarantees
NumberOfGuarantees
11
CY2012Q3 hls Number Of Partially Owned Subsidiaries Nonconsolidated
NumberOfPartiallyOwnedSubsidiariesNonconsolidated
13 facilities
hls Occupancy Cost
OccupancyCost
36600000 USD
CY2011Q3 hls Occupancy Cost
OccupancyCost
12500000 USD
CY2012Q3 hls Occupancy Cost
OccupancyCost
11800000 USD
hls Occupancy Cost
OccupancyCost
36200000 USD
hls Ownership Percentage Of Subsidiary Guarantors
OwnershipPercentageOfSubsidiaryGuarantors
1.00
hls Percentage Of Net Operating Revenues Managed Care
PercentageOfNetOperatingRevenuesManagedCare
0.194
hls Percentage Of Net Operating Revenues Managed Care
PercentageOfNetOperatingRevenuesManagedCare
0.198
CY2012Q3 hls Percentage Of Net Operating Revenues Managed Care
PercentageOfNetOperatingRevenuesManagedCare
0.191
CY2011Q3 hls Percentage Of Net Operating Revenues Managed Care
PercentageOfNetOperatingRevenuesManagedCare
0.200
CY2011Q3 hls Percentage Of Net Operating Revenues Medicaid
PercentageOfNetOperatingRevenuesMedicaid
0.016
hls Percentage Of Net Operating Revenues Medicaid
PercentageOfNetOperatingRevenuesMedicaid
0.013
CY2012Q3 hls Percentage Of Net Operating Revenues Medicaid
PercentageOfNetOperatingRevenuesMedicaid
0.014
hls Percentage Of Net Operating Revenues Medicaid
PercentageOfNetOperatingRevenuesMedicaid
0.017
CY2011Q3 hls Percentage Of Net Operating Revenues Medicare
PercentageOfNetOperatingRevenuesMedicare
0.720
hls Percentage Of Net Operating Revenues Medicare
PercentageOfNetOperatingRevenuesMedicare
0.731
hls Percentage Of Net Operating Revenues Medicare
PercentageOfNetOperatingRevenuesMedicare
0.718
CY2012Q3 hls Percentage Of Net Operating Revenues Medicare
PercentageOfNetOperatingRevenuesMedicare
0.731
hls Percentage Of Net Operating Revenues Other Income
PercentageOfNetOperatingRevenuesOtherIncome
0.015
CY2011Q3 hls Percentage Of Net Operating Revenues Other Income
PercentageOfNetOperatingRevenuesOtherIncome
0.016
CY2012Q3 hls Percentage Of Net Operating Revenues Other Income
PercentageOfNetOperatingRevenuesOtherIncome
0.015
hls Percentage Of Net Operating Revenues Other Income
PercentageOfNetOperatingRevenuesOtherIncome
0.018
CY2012Q3 hls Percentage Of Net Operating Revenues Other Third Party Payors
PercentageOfNetOperatingRevenuesOtherThirdPartyPayors
0.020
hls Percentage Of Net Operating Revenues Other Third Party Payors
PercentageOfNetOperatingRevenuesOtherThirdPartyPayors
0.020
CY2011Q3 hls Percentage Of Net Operating Revenues Other Third Party Payors
PercentageOfNetOperatingRevenuesOtherThirdPartyPayors
0.019
hls Percentage Of Net Operating Revenues Other Third Party Payors
PercentageOfNetOperatingRevenuesOtherThirdPartyPayors
0.018
CY2011Q3 hls Percentage Of Net Operating Revenues Patients
PercentageOfNetOperatingRevenuesPatients
0.013
hls Percentage Of Net Operating Revenues Patients
PercentageOfNetOperatingRevenuesPatients
0.014
hls Percentage Of Net Operating Revenues Patients
PercentageOfNetOperatingRevenuesPatients
0.012
CY2012Q3 hls Percentage Of Net Operating Revenues Patients
PercentageOfNetOperatingRevenuesPatients
0.014
CY2011Q3 hls Percentage Of Net Operating Revenues Total
PercentageOfNetOperatingRevenuesTotal
1.000
hls Percentage Of Net Operating Revenues Total
PercentageOfNetOperatingRevenuesTotal
1.000
hls Percentage Of Net Operating Revenues Total
PercentageOfNetOperatingRevenuesTotal
1.000
CY2012Q3 hls Percentage Of Net Operating Revenues Total
PercentageOfNetOperatingRevenuesTotal
1.000
CY2011Q3 hls Percentage Of Net Operating Revenues Workers Compensation
PercentageOfNetOperatingRevenuesWorkersCompensation
0.016
hls Percentage Of Net Operating Revenues Workers Compensation
PercentageOfNetOperatingRevenuesWorkersCompensation
0.015
CY2012Q3 hls Percentage Of Net Operating Revenues Workers Compensation
PercentageOfNetOperatingRevenuesWorkersCompensation
0.015
hls Premium Paid On Redemption Of Bonds
PremiumPaidOnRedemptionOfBonds
26900000 USD
hls Premium Received On Bond Issuance
PremiumReceivedOnBondIssuance
4100000 USD
hls Premium Received On Bond Issuance
PremiumReceivedOnBondIssuance
0 USD
CY2012Q3 hls Professional Fees Accounting Tax And Legal
ProfessionalFeesAccountingTaxAndLegal
4100000 USD
hls Professional Fees Accounting Tax And Legal
ProfessionalFeesAccountingTaxAndLegal
13200000 USD
hls Professional Fees Accounting Tax And Legal
ProfessionalFeesAccountingTaxAndLegal
16200000 USD
CY2011Q3 hls Professional Fees Accounting Tax And Legal
ProfessionalFeesAccountingTaxAndLegal
4000000 USD
hls Provision For Government Class Action And Related Settlements Expense
ProvisionForGovernmentClassActionAndRelatedSettlementsExpense
-3500000 USD
hls Provision For Government Class Action And Related Settlements Expense
ProvisionForGovernmentClassActionAndRelatedSettlementsExpense
-10600000 USD
CY2012Q3 hls Repurchase Of Convertible Perpetual Preferred Stock
RepurchaseOfConvertiblePerpetualPreferredStock
0 USD
CY2011Q3 hls Repurchase Of Convertible Perpetual Preferred Stock
RepurchaseOfConvertiblePerpetualPreferredStock
0 USD
hls Repurchase Of Convertible Perpetual Preferred Stock
RepurchaseOfConvertiblePerpetualPreferredStock
800000 USD
hls Repurchase Of Convertible Perpetual Preferred Stock
RepurchaseOfConvertiblePerpetualPreferredStock
0 USD
CY2012Q4 hls Senior Notes Issuance Proceeds Used For Debt Reduction
SeniorNotesIssuanceProceedsUsedForDebtReduction
64500000 USD
CY2012Q4 hls Senior Notes Redemption Price Expressed As Percentage Of Principal
SeniorNotesRedemptionPriceExpressedAsPercentageOfPrincipal
1.03
CY2012Q2 hls Share Based Compensation Equity Instruments Other Than Options Issued In Period
ShareBasedCompensationEquityInstrumentsOtherThanOptionsIssuedInPeriod
200000 shares
CY2012Q1 hls Share Based Compensation Equity Instruments Other Than Options Issued In Period
ShareBasedCompensationEquityInstrumentsOtherThanOptionsIssuedInPeriod
900000 shares
hls Share Based Compensation Equity Instruments Other Than Options Service Requirement Only Issued In Period
ShareBasedCompensationEquityInstrumentsOtherThanOptionsServiceRequirementOnlyIssuedInPeriod
600000 shares
hls Treasury Stock Reacquired
TreasuryStockReacquired
11900000 USD
hls Treasury Stock Reacquired
TreasuryStockReacquired
4300000 USD
hls Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
hls Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedIncreasesResultingFromPriorPeriodTaxPositions
0 USD
hls Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-100000 USD
CY2012Q3 hls Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations And Settlements With Taxing Authorities
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitationsAndSettlementsWithTaxingAuthorities
1000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000785161
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
95661996 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
2500000000 USD
dei Entity Registrant Name
EntityRegistrantName
HEALTHSOUTH CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000785161-12-000066-index-headers.html Edgar Link pending
0000785161-12-000066-index.html Edgar Link pending
0000785161-12-000066.txt Edgar Link pending
0000785161-12-000066-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
hls-20120930.xml Edgar Link completed
hls-20120930.xsd Edgar Link pending
hls-20120930_cal.xml Edgar Link unprocessable
hls-20120930_def.xml Edgar Link unprocessable
hls-20120930_lab.xml Edgar Link unprocessable
hls-20120930_pre.xml Edgar Link unprocessable
hls10q93012.htm Edgar Link pending
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