August 8, 2002 |
HealthSouth Corp., the biggest U.S. operator of rehabilitation hospitals, had second-quarter earnings of $57.5 million as it treated more patients and boosted rates. Net income was 14 cents a share, compared with a loss of $19.9 million, or 5 cents, a year earlier, the company said. Revenue rose 5.9% to $1.16 billion. Shares of the Birmingham, Ala.-based company rose $1.11 to $11.16 on the NYSE.
April 28, 2004 |
A former HealthSouth Corp. vice president pleaded guilty to lying to the FBI about a bribery and kickback scheme involving the company's contracts to run a Saudi Arabian hospital, prosecutors said. Thomas Carman, 52, is the second former executive of the Birmingham, Ala.-based rehabilitation giant to plead guilty to charges involving the hospital. He faces up to five years in prison and a fine of up to $250,000 for one count of making a false statement to authorities.
January 22, 2003 |
HealthSouth Corp. must face investors' lawsuits claiming that executives used inside information to sell $106.7 million of the hospital company's shares, a judge ruled. Delaware Chancery Court Judge Leo Strine rejected the company's bid to put the suits on hold while a special committee investigates stock sales by Chief Executive Richard Scrushy and other board members.
November 13, 2003 |
A former HealthSouth Corp. executive awaiting sentencing for his role in a $2.7-billion accounting fraud testified that he and four subordinates stopped cooking the books after reading a new false-filings law in August 2002. Former Assistant Controller Emery Harris testified in federal court in Birmingham, Ala.
June 2, 2004 |
HealthSouth Corp. said it had finished a massive internal review that verified years of fraud worth $3.4 billion. But even as the report provided more evidence of the amount of fraud at the rehabilitation giant, a federal judge sentenced Kenneth Livesay, former assistant controller at HealthSouth, to six months of home confinement. U.S. District Judge U.W. Clemon in Birmingham, Ala.
July 12, 2006 |
A U.S. appeals court for the second time threw out a prison sentence for former HealthSouth Corp. finance chief Michael Martin, calling the penalty too lenient for his role in a $2.7-billion fraud at the Birmingham, Ala., rehabilitation hospital company. The U.S. 11th Circuit Court of Appeals in Atlanta reassigned Martin's case to a new judge. The three-judge panel criticized Chief U.S. District Judge U.W.