HealthSouth Purchases Land in South Denver and Announces Plans for New Hospital

BIRMINGHAM, Ala., Jan. 25, 2012 /PRNewswire/ -- HealthSouth Corporation (NYSE: HLS) today announced its plans to begin construction on a new 49,000-square foot inpatient rehabilitation hospital in the Littleton, Colo. area of south Denver. Construction is scheduled to begin in the second quarter of this year and the hospital should be operational by the third quarter of 2013. In connection with these plans, HealthSouth purchased 11.65 acres of land located at 1001 West Mineral Ave., in Littleton.

"We look forward to providing our services to the residents of south Denver and the Littleton community," said Jerry Gray, HealthSouth's West Region President. "This new hospital will complement our existing 64-bed hospital in Colorado Springs and will provide residents with access to our high-quality inpatient and outpatient rehabilitative programs."

Plans for the new hospital include 40 private rooms where inpatient rehabilitative care will be offered, including specialized rehabilitation programs using advanced technology to help patients recover from a major illness, injury or surgery.

It is expected approximately 300-400 construction jobs will be created during the building process. In its third year of operation, the hospital will employ approximately 90 full-time medical professionals.

About HealthSouth
HealthSouth is the nation's largest owner and operator of inpatient rehabilitation hospitals in terms of revenues, number of hospitals, and patients treated and discharged. Operating in 27 states across the country and in Puerto Rico, HealthSouth serves patients through its network of inpatient rehabilitation hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth's hospitals provide a higher level of rehabilitative care to patients who are recovering from conditions such as stroke and other neurological disorders, orthopedic, cardiac and pulmonary conditions, brain and spinal cord injuries, and amputations. HealthSouth can be found on the Web at www.healthsouth.com.

Forward-looking statements
Statements contained in this press release which are not historical facts, such as those relating to the likelihood, timing and effects of the completion of this development, are forward-looking statements. In addition, HealthSouth, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. All such estimates, projections, and forward-looking information speak only as of the date hereof, and HealthSouth undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by HealthSouth include, but are not limited to, the possibility that this project will experience unexpected delays; the risk of a significant adjustment to the cost of completion; HealthSouth's ability to attract and retain nurses, therapists, and other healthcare professionals in a highly competitive environment with often severe staffing shortages and the impact on HealthSouth's labor expenses from potential union activity and staffing shortages; any adverse outcome of various lawsuits, claims, and legal or regulatory proceedings that may be brought against it; significant changes in HealthSouth's management team; decreases, delays in, or suspension of reimbursement for HealthSouth's services by governmental or private payors; changes in the regulation of the healthcare industry at either or both of the federal and state levels; competitive pressures in the healthcare industry and HealthSouth's response thereto; general conditions in the local or national economy and capital markets; and other factors which may be identified from time to time in HealthSouth's SEC filings and other public announcements, including HealthSouth's Form 10-K for the year ended December 31, 2010 and Forms 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011.

Media Contact:
Helen Todd, 205-969-5608
[email protected]

Investor Relations Contact:
Mary Ann Arico, 205-969-6175
[email protected]

SOURCE HealthSouth Corporation