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HealthSouth Acquires Additional Ownership Interest In Fairlawn Hospital And Updates Guidance

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HealthSouth Corporation, the nation's largest owner and operator of inpatient rehabilitation hospitals, reported it has acquired an additional equity interest in Fairlawn Rehabilitation Hospital in Worcester, Massachusetts from its joint venture partner, UMass Memorial Health Care. This transaction increases HealthSouth's ownership interest from 50% to 80% and results in a change in accounting for this hospital from the equity method of accounting to a consolidated entity beginning June 1, 2014.

June 17, 2014 | Hospital Data
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