ORLANDO, Fla., June 1, 2012 /PRNewswire/ -- HealthSouth Corporation (NYSE: HLS) today announced it has received permission from the state to proceed with building a comprehensive physical rehabilitation hospital in the greater Orlando, Fla., market. The 50-bed hospital will provide comprehensive physical rehabilitation to patients who have experienced stroke, trauma, brain and orthopedic injuries or other major illness or injuries.
"There are a number of long-standing comprehensive medical rehabilitation providers in the greater Orlando market; however, the need is greater than what the current providers can serve," said Linda Wilder, president of HealthSouth's southeast region. "We look forward to working with the other providers in the community and expanding upon the already strong continuum of healthcare services."
Construction on the approximately 55,000 square foot hospital is expected to begin in the first quarter of 2013 and the hospital is expected to be operational by the first quarter of 2014. The proposed comprehensive physical rehabilitation hospital will include 50 all-private rooms, a spacious, on-site therapy gym and cutting-edge rehabilitation technologies. The development of HealthSouth's rehabilitation hospital represents an approximately $24 million investment in the community and, once fully operational, is expected to generate approximately 140 new, full-time jobs.
"Our key goal will be to return patients to the community at the highest level of function possible," said Wilder. HealthSouth currently operates nine inpatient rehabilitation hospitals in Florida, with additional hospitals currently under construction in Ocala and Stuart, Fla.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. Media Contact Casey Lassiter, 205-410-2777 firstname.lastname@example.org Investor Relations Contact Mary Ann Arico, 205-969-6175 email@example.com SOURCE HealthSouth
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts