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HealthSouth Dishes Out $445M In Settlement

Law360 (February 23, 2006, 12:00 AM EST) -- HealthSouth Corp., the beleaguered healthcare provider, has agreed to pay out at least $445 million in a preliminary deal to resolve a host of federal lawsuits stemming from its recent financial scandals.

"This proposed settlement represents a major milestone in HealthSouth's recovery and a powerful symbol of the progress we have made as a company," said HealthSouth president and chief executive officer Jay Grinney. "With the support of our dedicated employees across the country, HealthSouth is on the verge of putting another issue from the past...
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