Progress in HealthSouth debt restructuring


HealthSouth Corporation announced an agreement with bondholders at the beginning of June to obtain consents and waivers on approximately $1.9 billion in debt in an effort to continue its debt restructuring in the wake of the company’s financial scandal. The Birmingham, Alabama-based provider of rehabilitative health-care services agreed to pay bondholders $73 million to $80 million.

Newly appointed president and chief executive officer, Jay Grinney, said in a statement, “This represents a very

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