Navigation Links
HealthSouth Reports Strong Results for Third Quarter 2009 and Increases 2009 Guidance
Date:11/3/2009

last year. Based on these solid results and the Company's positive outlook for the fourth quarter, we are raising our full-year Adjusted Consolidated EBITDA and adjusted diluted EPS guidance."

As of September 30, 2009, total debt outstanding approximated $1.7 billion, with no amounts drawn on the Company's $400 million revolving credit facility. Total cash and cash equivalents were $117.3 million. Cash flows from operating activities were $362.1 million for the nine months ended September 30, 2009 compared to $149.3 million for the same period of 2008. Cash flows from operating activities for the nine months ended September 30, 2009 included $73.8 million in net cash proceeds related to the Company's settlement with UBS and the receipt of an approximate $42 million additional federal income tax refund for tax years 1995 through 1999.

Due to the Company's debt reduction efforts and its higher Adjusted Consolidated EBITDA (see attached supplemental information), the Company's leverage ratio was 4.5x as of September 30, 2009, using the trailing four quarters. With the Company's higher Adjusted Consolidated EBITDA and its strong cash flows from operating activities, and since the Company has already achieved its near-term leverage goal of 4.5x, the Company is more confident its goal of 3.5x to 4.0 x by the end of 2012, or earlier, is achievable.

As previously reported, on October 23, 2009, the Company entered into an agreement with the lenders in its Credit Agreement to extend the maturity of a portion of its Term Loan Facility and to provide additional flexibility around the issuance of senior secured and unsecured notes, acquisitions, and selected debt repurchases. For additional information, see the Current Report on Form 8-K dated October 26, 2009.

"As a result of our strong cash flows from operations, the Company increased cash and cash equivalents by approximately $68 million during the quarter," said Ed Fay, Senior V
'/>"/>

SOURCE HealthSouth Corporation
Copyright©2009 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

Related medicine news :

1. HealthSouth Announces Date of 2009 Third Quarter Earnings Conference Call
2. HealthSouth Declares Dividend on 6.5% Series A Convertible Perpetual Preferred Stock
3. Wellmont, HealthSouth Form Joint Venture to Open a New Rehabilitation Hospital in Southwest Virginia
4. ATSU Arizona Health & Technology Park Partner HealthSouth Holds Grand Opening
5. HealthSouth Comments on Civil Litigation
6. HealthSouth Declares Dividend on 6.5% Series A Convertible Perpetual Preferred Stock
7. HealthSouth Announces Date of 2009 Second Quarter Earnings Conference Call
8. Court Rules in Favor of HealthSouth in Litigation Involving General Medicine, P.C.
9. HealthSouth to Present at 34th Annual Deutsche Bank Health Care Conference
10. HealthSouth Reports Strong EPS Results for First Quarter Ended March 31, 2009
11. HealthSouth to Present at Bairds 2009 Growth Stock Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/16/2009)... Dale Buchanan, owner of Supreme Ultimate Fitness ... weight loss contest for his students in the new year. ... not competing for their own prize or against each other. ... Tri County Humane Society in Boca Raton, FL. ... between January 4 and February 28, 2010 I will donate ...
(Date:12/16/2009)... to patient information could improve care, but privacy ... (HealthDay News) -- U.S. physicians support the use ... about privacy problems, two new studies show. , ... and specialist doctors in Massachusetts found that 86 ... improve patient quality of care, 70 percent thought ...
(Date:12/16/2009)... USA donates time and money to help clothe children in need. ... ... South Florida dry cleaner Dryclean USA Florida , along with ... of Hope to help clothe children in need by collecting ... Florida will begin distributing cards, with delivery of their clean clothes, ...
(Date:12/16/2009)... TSO3 Inc. ("TSO3") (TSX: TOS) and 3M (MMM) ... for 3M to be the exclusive supplier and ... with TSO3, an innovator in low temperature sterilization ... the use of ozone, will include new cycles ... sales channel. This agreement, combined with recent improvements ...
(Date:12/16/2009)... is proud to announce being presented with the Weatherhead 100 Upstart ... fastest growing companies in Northeast Ohio and is a testament to ... , ... (PRWEB) December 16, 2009 -- Request ... Weatherhead 100 Upstart Award on December 3, 2009. The Weatherhead ...
Breaking Medicine News(10 mins):Health News:Fitness Trainer Motivates Clients with Weight Loss to Help Raise Money for Animal Shelter 2Health News:Pros and Cons of Electronic Medical Records Weighed 2Health News:Pay a Dollar, Dress a Child: Helping Struggling Families with Small Donations 2Health News:TSO3 and 3M agree to global channel partnership - 3M to begin rollout in sequential markets as regulatory clearances are received 2Health News:TSO3 and 3M agree to global channel partnership - 3M to begin rollout in sequential markets as regulatory clearances are received 3Health News:TSO3 and 3M agree to global channel partnership - 3M to begin rollout in sequential markets as regulatory clearances are received 4Health News:Request A Test Receives Weatherhead 100 Upstart Award 2
... 19 Edifecs, the leader in B2B,solutions ... has,selected the Edifecs Healthcare Accelerator Suite to ... care transactions in both,real-time and batch modes ... the,EDS MetaVance(R) Administration and Finance System., ...
... TRIANGLE PARK, N.C.The Burroughs Wellcome Fund has announced the 2008 ... , The Career Awards for Medical Scientists program is the ... Biomedical Sciences, which was instituted by BWF in 1995 and ... the NIHs K99/R00 Pathway to Independence program, which was modeled ...
... where 21st birthday revelers attempt to down 21 alcoholic ... new research. In the largest study of its kind, ... college students drink to excess on their 21st birthdays ... will appear in the June issue of the Journal ...
... Gastroenterological Association sponsors G.I. Insights, CHICAGO, ... for medical professionals, will air on XM ... Online at http://www.reachmd.com, a new ... and technologies in,gastroenterological practice. ReachMD is proud ...
... ads explain why 400,000 U.S. companies already provide Aflac to ... ... Aflac Incorporated has launched,its new business-to-business television commercials as part of its ... corporations and small businesses that are interested in,enhancing employee benefits with no ...
... 19 BodyMedia, Inc., announced the,release of a new ... market., The new armband is 40% smaller than ... lighter model offers a one-of-a-kind ergonomic,design intended to provide ... clothing., "Its a fascinating little device that could ...
Other Medicine News:Health News:EDS Selects Edifecs Healthcare Accelerator Suite for Claims Processing Solution 2Health News:BWF awards $11.2 million to support physician-scientists 2Health News:BWF awards $11.2 million to support physician-scientists 3Health News:Study finds 21st birthday binge drinking extremely common; can pose serious health hazards 2Health News:ReachMD Launches New Series on GI Issues 2Health News:ReachMD Launches New Series on GI Issues 3Health News:Aflac Duck Takes Care of Business 2Health News:Aflac Duck Takes Care of Business 3Health News:BodyMedia Releases New & Improved SenseWear(R) WMS Armband 2
(Date:12/16/2009)... 16 , ... Daniel,Tome,s Supervision and Published* in November 2009, in ... Society "Bone", Reveal new Benefits for,Peptan(TM) in Osteoporosis ... to consumer concerns regarding long-term bone health,Rousselot has ... to demonstrate,that an oral intake of Peptan(TM) may ...
(Date:12/15/2009)... Cellular Dynamics International (CDI) today ... use in testing of new drug candidates by ... are designed to aid drug discovery and improve ... screens, weeding out ineffective and potentially toxic compounds ... time and resources have been invested. ...
(Date:12/15/2009)... ZURICH, Ill., Dec. 15 Fenwal Inc., a ... availability for patient care, reiterated its commitment to provide ... lifesaving blood products, despite a new lawsuit filed yesterday ... Fenwal® Alyx® system, introduced in 2003, is an advanced ... red cells from a single donor in about 30 ...
Breaking Medicine Technology:Published in "Bone" Journal, Scientific Researches Confirm Peptan(TM) Hydrolyzed Collagen Benefits on Bone Health 2Cellular Dynamics Announces Commercial Launch of iCell(TM) Cardiomyocytes for Drug Candidate Toxicity Screening 2Cellular Dynamics Announces Commercial Launch of iCell(TM) Cardiomyocytes for Drug Candidate Toxicity Screening 3Cellular Dynamics Announces Commercial Launch of iCell(TM) Cardiomyocytes for Drug Candidate Toxicity Screening 4Fenwal Responds to New Lawsuit From Haemonetics; Reiterates Commitment to Blood Centers 2Fenwal Responds to New Lawsuit From Haemonetics; Reiterates Commitment to Blood Centers 3Bupa Launches its 2009 International Charity Challenge to Help a Rural Community in Ecuador 56934 1Bupa Launches its 2009 International Charity Challenge to Help a Rural Community in Ecuador 56934 2John C Moran Named CEO at Core Essence Orthopaedics 56930 1John C Moran Named CEO at Core Essence Orthopaedics 56930 2Hard To Treat Diseases 28HTDS 29 MEVAC A Completes Tender For Bangladesh 56926 1Hard To Treat Diseases 28HTDS 29 MEVAC A Completes Tender For Bangladesh 56926 2Hard To Treat Diseases 28HTDS 29 MEVAC A Completes Tender For Bangladesh 56926 3
... Interleukin Genetics, Inc. (NYSE Amex: ... research findings from a large clinical study on the ... International Symposium on Osteoporosis: Translating Research into Clinical Practice, ... Hotel in Washington, D.C. The Company,s research poster, ...
... SALZBURG, Austria, March 31 We may introduce the first,"A"- Implant novelty ... - biological, - two-part system, - ... - made of most reliable Zirconium oxide, - Manufactured ... experience, , After 4 years of research and ...
Other Medicine Technology:Interleukin Genetics Presents Research Linking Vertebral Fractures to Gene Variations in Asian Women With Osteoporosis 2Interleukin Genetics Presents Research Linking Vertebral Fractures to Gene Variations in Asian Women With Osteoporosis 3
...
... easy-to-operate, semi-automatic urine analyzer that ensures accurate ... lab efficiency by reducing "hands on" operator ... it an ideal fit for work areas ... II Analyzer is designed for continuous sample ...
... are positioned in a burr ... of brain activity. They have ... in several lengths to accommodate ... mm twist drill is suitable ...
... electrodes are extra thin and flexible ... burr hole. The narrow cylindrical connector ... and secure attachment to the patented ... electrode designs, they are available with ...
Medicine Products: