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Enter Symbol:
Rating: HLS
Outperform $29

RBC Capital Mkts reiterated Healthsouth Corporation (NYSE: HLS) to Outperform with price target $29

Tuesday,  Feb 22, 2011  8:25 AM ET by Betsy O'Brien Harrison

RBC Capital Mkts reiterated Healthsouth Corporation (NYSE: HLS) to Outperform with price
target $29. Previously RBC Capital Mkts reiterated Healthsouth Corporation (NYSE: HLS) to Outperform with price target $24 on 02/17/2010, when the stock price was $18.10.

HealthSouth Corporation (HealthSouth) is a provider of inpatient rehabilitative healthcare services. The Company operates 93 inpatient rehabilitation hospitals, six freestanding long-term acute care hospitals (LTCHs), 49 outpatient rehabilitation satellites (operated by its hospitals), and 25 licensed, hospital-based home health agencies. Its outpatient rehabilitation facilities offer a range of rehabilitative healthcare services, including physical, occupational and speech therapies treating a range of neurological and orthopedic conditions. LTCHs provide medical treatment to patients with chronic diseases and/or complex medical conditions. In August 2008, the Company acquired an inpatient rehabilitation unit at the Medical Center of Arlington in Texas. In August 2008, it acquired an inpatient rehabilitation hospital in Midland, Texas from Rehabcare Corporation. On July 31, 2008, it acquired The Rehabilitation Hospital of South Jersey.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.



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