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HealthSouth Reports Results for Third Quarter Ended September 30, 2008
Date:11/4/2008

p> common shareholders $- $3.13 $0.63 $7.61

HealthSouth Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

September 30, December 31,

2008 2007

(In Millions)

Assets

Current Assets:

Cash and cash equivalents $24.9 $19.8

Restricted cash 73.4 63.6

Restricted marketable securities 27.8 28.9

Accounts receivable, net of allowance

for doubtful accounts of $33.9 in 2008;

$37.6 in 2007 226.0 217.7

Insurance recoveries receivable 230.0 230.0

Other current assets 54.9 58.4

Current assets held for sale 5.2 19.0

Total current assets 642.2 637.4

Property and equipment, net 676.9 729.6

Goodwill 414.4 406.1

Intangible assets, net 44.5 26.1

Investments in and advances to

nonconsolidated affiliates 42.6 42.7

Assets held for sale 27.3 78.0

Income tax refund receivable 62.9 52.5

Other long-term assets 69.7 78.2

Total assets $1,980.5 $2,050.6

Liabilities and Shareholders' Deficit

Current Liabilities:

Current portion of long-term debt $56.0 $68.3

Accounts payable
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SOURCE HealthSouth Corporation
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