Is HealthSouth still in business?

HealthSouth today announced it will change its name to Encompass Health Corp., effective Jan. 2, 2018. Founded in 1984, the company is the nation’s leading owner and operator of inpatient rehabilitation hospitals. The name change is another chapter in the continuing story of a resilient Alabama company.

What is HealthSouth called now?

HealthSouth Corp., an operator of inpatient rehabilitation hospitals and provider of home-based care, has changed its name to Encompass Health Corp. The operator has changed its ticker symbol on the New York Stock Exchange from “HLS” to “EHC.”

Why did HealthSouth change its name?

In 1995, the company changed its name to HealthSouth Corporation to better reflect its diversified interests in healthcare. On August 31, 1995 HealthSouth CEO Richard Scrushy announced that HealthSouth was going to build a new headquarters on US Highway 280 in Birmingham.

Where is encompass health headquarters?

The infamous $2.8 billion accounting scandal at HealthSouth, which was perpetrated from 1996 through 2002, left a trail of misery in its wake. Included in the carnage was the imprisonment of CEO Richard Scrushy and several HealthSouth CFOs, among a number of other company officials.

How did HealthSouth get caught?

HealthSouth were caught for fiddling their accounts, in order to overstate profits that they never had. When he informed the FBI, they raided HealthSouth’s offices and uncovered the massive scandal at hand.

What happened to HealthSouth after the scandal?

While HealthSouth has done a complete 180 since an accounting scandal rocked the company during the early 2000s, its history is fascinating, Trimm said. 1989 – HealthSouth moves to the New York Stock Exchange and follows that with the purchase of its first acute care hospital for $20 million.

Who took over HealthSouth?

HealthSouth, one of the nation’s largest providers of post-acute care services, will rebrand as Encompass Health Corporation on January 2, 2018.

Who owns encompass rehab?

It operates in 140 locations across 13 states, with approximately 5,000 employees making more than 2.1 million patient visits annually. Encompass is currently owned by Cressey & Company LP, a leading healthcare-focused private investment firm.

Is Richard Scrushy in jail?

After serving about five years of his sentence, Scrushy was released from prison. He now lives in Houston and works as a small-business consultant.

Who audited Health South?

The HealthSouth Corporation’s board has fired Richard M. Scrushy, the company’s chairman and chief executive, and its auditor, Ernst & Young, less than two weeks after regulators charged Mr. Scrushy and HealthSouth with sweeping accounting fraud.

Who are Encompass Health competitors?

Encompass Health competitors include Baylor Scott & White Health, Select Medical, HCA Healthcare, RehabCare Group and LifePoint Health.

Who is the CEO of Encompass Health?

Mark Tarr has served as President and Chief Executive Officer for Encompass Health since Dec. 29, 2016. Prior to assuming the role of President and Chief Executive Officer, Tarr served as executive vice president and. 1, 2007, and as president of the company’s inpatient division since September 2004.

How many employees does encompass health have?

Encompass Health has approximately 43,000 employees. In 2019, Encompass Health earned $4.7 billion in revenue and treated more than 364,000 patients. Approximately one in three patients in the U.S. receiving inpatient rehabilitative care, receive it through an Encompass Health rehabilitation hospital.

What did Health South do?

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 36 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies.