HealthSouth Corporation (HLS) - NYSE
  • Thu, May 12, 4:20 PM
    • Hospital stocks took it on the chin today as bearish investors anticipate the potential softening of revenues after a federal judge ruled that the Obama administration is unconstitutionally spending money to reimburse health insurers for the extra cost of providing coverage to low-income Americans under the Affordable Care Act (ACA) without obtaining an appropriation from Congress.
    • House Republicans sued Obama accusing the President of violating the law by delaying the enforcement of several provisions of the ACA. Lawyers later focused on the reimbursements, which could be as high as $175B over a decade according to Republicans. Predictably, administration attorneys say the suit should be dismissed because the House has no legal right to sue considering the reimbursements were authorized by law.
    • Judge Rosemary Collyer, appointed by George W. Bush in 2002, issued an order stopping further reimbursements, but its implementation will be delayed until the appeal process runs its course.
    • Related tickers: (CYH -10.8%)(HUM -2.5%)(HCA -3.2%)(HLS -1.5%)(KND -8.1%)(LPNT -3.3%)(THC -9.8%)(SSY -1.5%)
    | Thu, May 12, 4:20 PM | 6 Comments
  • Oct. 29, 2015, 9:13 AM
    | Oct. 29, 2015, 9:13 AM
  • Oct. 28, 2015, 5:44 PM
    | Oct. 28, 2015, 5:44 PM
  • Jul. 28, 2014, 5:36 PM
    • Top gainers, as of 5:15 p.m.: CGNX +18.5%. ARWR +7.7%. HLS +7.7%. MAS +5.8%. DRI +4.7%.
    • Top losers, as of 5:15 p.m.: HLF -11.2%. AFOP -10.5%. TTS -10.0%. PCL -3.6%. FOLD -3.3%.
    | Jul. 28, 2014, 5:36 PM | 1 Comment
  • Apr. 26, 2013, 10:58 AM

    HealthSouth (HLS +1.5%) moves higher on a solid Q1 earnings beat today. Net profit rose 16% Y/Y, as its bottom line was boosted by a 4.1% rise in patient discharges at its rehabilitation facilities. Patient revenue per discharge also increased 3.1% due to pricing adjustments from Medicare and other managed-care firms. Looking forward, the company says its expecting to log a tax benefit of at least $91M in Q2 as the result of a settlement with the IRS, which should add $1.03 to its EPS for the quarter.

    | Apr. 26, 2013, 10:58 AM
  • Mar. 20, 2013, 4:12 PM

    HealthSouth Corp (HLS +5.1%) hit a new 52-week high of $26.40 earlier today before settling back a bit at the close, after the company announced preliminary results of its modified Dutch auction. The rehabilitation facilities operator said that 9.12M shares were tendered at or below the $25.50 per share purchase price, reducing HLS's float by around 9.5%.

    | Mar. 20, 2013, 4:12 PM
  • Mar. 5, 2013, 6:07 PM
    After-hours top gainers, as of 5:30 p.m.: HCI +11%. ELX +10%. HNR +8%. PAY +5%. BPZ +4%.
    After-hours top losers: AVAV -22%. HLS -11%. NAVB -7%. JMBA -6%. IMUC -5%.
    | Mar. 5, 2013, 6:07 PM
  • Feb. 20, 2013, 3:31 PM

    HealthSouth (HLS +2.8%) holds on to gains made earlier this morning after the company announced plans for a modified Dutch auction to repurchase up to $350M of common stock. The modified Dutch auction allows shareholders to indicate how many shares and at what price they wish to tender their stock. The hospital operator says it will pay between $22.50 and $25.50 per each tendered share as of midnight on March 19.

    | Feb. 20, 2013, 3:31 PM
  • Oct. 31, 2012, 2:40 PM
    HealthSouth Corporation (HLS -5%) slides after being downgraded at JMP Securities to Market Perform on valuation earlier today, citing a lack of visibility on medicaid reimbursement.
    | Oct. 31, 2012, 2:40 PM
  • Jun. 4, 2012, 10:47 AM

    HealthSouth (HLS +3%) trades higher after Wells Fargo upgrades the shares to Outperform on valuation and reduced regulatory risk in comparison to its peers. The firm has a $20 - $24 price target range.

    | Jun. 4, 2012, 10:47 AM
  • Feb. 24, 2012, 3:19 PM

    HealthSouth (HLS +3.4%) trades higher after beating Q4 EPS estimates late yesterday, as patient discharges and net revenue grew. Profit actually dropped 94% Y/Y however, as results were skewed by a sizable tax benefit in the prior period.

    | Feb. 24, 2012, 3:19 PM
  • Sep. 21, 2011, 1:46 PM

    HealthSouth (HLS -6.2%) says that if President Obama's proposed cuts to rehabilitation hospitals under his deficit-reduction plan had been in effect for the most recent compliance testing period, the rebalancing of the Medicare discharge mix would have reduced its net operating revenues by approximately $42M.

    | Sep. 21, 2011, 1:46 PM
  • Sep. 21, 2011, 9:15 AM

    Premarket gainers: OREX +66%. ALTH +15%. ARNA +9%. ORCL +5%. ADBE +5%. HLS +5%. CS +4%. MCP +4%. ALU +3%. YRCW +3%.
    Losers: WLT -13%. ANR -10%. PCX -5%. ACI -5%. NUVA -4%. BTU -4%. -3%. TCK -3%.

    | Sep. 21, 2011, 9:15 AM
  • Sep. 20, 2011, 4:25 PM

    HealthSouth (HLS) changes the time for tomorrow's conference call up to 8:30 AM from 4:30 PM after its shares fell off 8%. An analyst with Capital Group says Obama's budget plan for inpatient rehab facilities represent a "poisonous combination," while Susquehanna sees a $115M-$120M revenue headwind for HealthSouth if the proposals go forward.

    | Sep. 20, 2011, 4:25 PM
  • Sep. 20, 2011, 10:01 AM

    Shares of HealthSouth (HLS -17.4%) crater after the firm announces it will host a conference call tomorrow after the market closes to discuss the impact of President Obama's deficit reduction plan on the firm's rehab facilities.

    | Sep. 20, 2011, 10:01 AM
Company Description
HealthSouth Corp. owns and operates inpatient rehabilitation hospitals. It serves patients through its network of inpatient rehabilitation hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth's hospitals provides rehabilitative care to patients who are... More
Sector: Healthcare
Industry: Specialized Health Services
Country: United States