BIRMINGHAM, Ala., Oct. 20, 2016 /PRNewswire/ -- HealthSouth
Corporation (NYSE: HLS) today announced that its board of directors
has declared a quarterly cash dividend on its common stock of
$0.24 per share, payable on Jan.17,
2017, to holders of record on Jan. 3,
2017.
The Company's 2.0% Convertible Senior Subordinated Notes are
convertible, at the option of the holder, at any time prior to the
close of business on the business day immediately preceding
December 1, 2043 into shares of
common stock at a conversion rate of 26.9106 shares of common stock
per $1,000 principal and include
antidilutive protection that provides for an increase in the number
of shares of common stock issuable upon conversion resulting from
common stock dividends after a de minimis threshold. The dividend
payment in January likely will not trigger this antidilutive
adjustment. Subsequent declaration and payment of dividends
on HealthSouth common stock may require an
adjustment.
About HealthSouth
HealthSouth is one of the nation's
largest providers of post-acute healthcare services, offering both
facility-based and home-based post-acute services in 34 states and
Puerto Rico through its network of
inpatient rehabilitation hospitals, home health agencies, and
hospice agencies. HealthSouth can be found on the Web at
www.healthsouth.com.
Forward-Looking Statements
Statements contained in
this press release which are not historical facts, such as the
dividend payment plans and related antidilution adjustment
prospects, are forward-looking statements. In addition,
HealthSouth, through its senior management, may from time to time
make forward-looking public statements concerning the matters
described herein. All such estimates, projections, and
forward-looking information speak only as of the date hereof, and
HealthSouth undertakes no duty to publicly update or revise such
forward-looking information, whether as a result of new
information, future events, or otherwise. Such forward-looking
statements are necessarily estimates based upon current
information, involve a number of risks and uncertainties, and
relate to, among other things, future events, HealthSouth's
business strategy, its future financial performance, and its
projected business results or model. Actual events or results may
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors. While it is
impossible to identify all such factors, factors which could cause
actual events or results to differ materially from those estimated
by HealthSouth include, but are not limited to, any adverse outcome
of various lawsuits, claims, and legal or regulatory proceedings
that may be brought by or against HealthSouth; the ability to
successfully integrate acquisitions; changes in the regulation of
the healthcare industry broadly or the inpatient rehabilitation,
home health and hospice areas specifically at either or both of the
federal and state levels; competitive pressures in the healthcare
industry broadly or the inpatient rehabilitation, home health and
hospice areas specifically and HealthSouth's response thereto; the
ability to maintain proper local, state and federal licensing where
the company does business; potential disruptions, breaches, or
other incidents affecting the proper operation, availability, or
security of HealthSouth's information systems, including the
unauthorized access to or theft of patient or other sensitive
information; changes, delays in (including in connection with
resolution of Medicare payment reviews or appeals), or suspension
of reimbursement for HealthSouth's services by governmental or
private payors; general conditions in the economy and capital
markets; and other factors which may be identified from time to
time in HealthSouth's SEC filings and other public
announcements, including HealthSouth's Form 10‑K for
the year ended December 31, 2015 and Form 10-Q for the
quarters ended March 31, 2016 and June
30, 2016.
Media Contact
Casey Lassiter, 205 641-1118
casey.lassiter@healthsouth.com
Investor Relations Contact
Crissy Carlisle, 205 970-5860
crissy.carlisle@healthsouth.com
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SOURCE HealthSouth Corporation