HealthSouth Reports Results for Third Quarter Ended Septembe...(net cash used in financingactivities was...),Health

Date:11/4/2008

net cash used in financing activities was due to the use of the cash proceeds from the divestitures of the Company's surgery centers, outpatient, and diagnostic divisions to reduce debt outstanding under its Credit Agreement during the second and third quarters of 2007. During the nine months ended September 30, 2008, the Company made approximately $194.3 million of net debt payments. During the nine months ended September 30, 2007, the Company made approximately $985.5 million of net debt payments. The net debt payments made during the nine months ended September 30, 2008 primarily resulted from the sale of the Company's corporate campus in March 2008 and the net proceeds from its June 2008 equity offering. Net cash used in financing activities for the nine months ended September 30, 2008 also included $30.3 million of cash that was sent on September 30, 2008 to the trustee of the Company's 10.750% Senior Subordinated Notes due 2008 for redemption of these notes on their maturity date of October 1, 2008.

HealthSouth Corporation and Subsidiaries

Supplemental Non-GAAP Disclosures

Reconciliation of Net Income to Adjusted Income (Loss) from Continuing

Operations and Adjusted Consolidated EBITDA (1)(3)

Three Months Ended September 30,

2008 Per Share(2) 2007 Per Share(2)

(In Millions, Except per Share Data)

Net income $6.6 $0.08 $287.6 $3.66

Loss (income) from

discontinued operations 2.8 0.03 (37.5) (0.48)

Income from continuing

operations 9.4 0.11 250.1 3.19

Government, class action,

and related settlements 17.1 0.20 3.9 0.05

Professional fees -

accounting, tax, and legal 4.0 0.05
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SOURCE HealthSouth Corporation Copyright©2008 PR Newswire. All rights reserved

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