Healthsouth Accounting Scandal
HealthSouth Accounting Scandal
HealthSouth is the one of the largest providers of inpatient rehabilitative healthcare services in the U.S. HealthSouth is fully operational in 26 states across the United States and also in Puerto Rico. HealthSouth serves patients in various settings such as; inpatient rehabilitation hospitals, long-term acute care hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth’s hospitals are able to provide an advanced care to patients that are recovering from neurological disorders, orthopedic, cardiac and pulmonary conditions, spinal cord injury, and amputations. HealthSouth’s corporate is office is located at 3660 Grandview Parkway Suite 200, Birmingham, Alabama 35243. The company employs around 26,000 people. The company is listed as an Industry Healthcare Facilities. The symbol used by HealthSouth is HLS. The SIC code is 8060-Hospitals. (http://investor.healthsouth.com/)
Richard Scrushy the founder of HealthSouth was at one time described by Steve Barnes of the AP as a self-made son of the new South, a former teenage parent who hauled himself up from a menial job to become the emperor of the new economy. The problem was that the emperor of HealthSouth that he was describing would be later dethroned by an accounting scandal that would involve lies, bribery, and mail fraud, and deceit, prison time for several individuals, obstruction of justice and auctions.
Richard Marin Scrushy was born in August 1952 in Selma Alabama. Richard grew up attending the Methodist church. Like any teenager he held several jobs. He attended Jefferson State Community College and became a Respiratory Therapist after studying at University of Alabama in Birmingham. Scrushy transferred to St. Louis, Missouri, then was promoted to the regional director of the respiratory therapy division of Lifemark Corporation. He then moved to Houston, Texas, and advanced in the company to the company’s COO. In 1984, Scrushy realized
HealthSouth is the one of the largest providers of inpatient rehabilitative healthcare services in the U.S. HealthSouth is fully operational in 26 states across the United States and also in Puerto Rico. HealthSouth serves patients in various settings such as; inpatient rehabilitation hospitals, long-term acute care hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth’s hospitals are able to provide an advanced care to patients that are recovering from neurological disorders, orthopedic, cardiac and pulmonary conditions, spinal cord injury, and amputations. HealthSouth’s corporate is office is located at 3660 Grandview Parkway Suite 200, Birmingham, Alabama 35243. The company employs around 26,000 people. The company is listed as an Industry Healthcare Facilities. The symbol used by HealthSouth is HLS. The SIC code is 8060-Hospitals. (http://investor.healthsouth.com/)
Richard Scrushy the founder of HealthSouth was at one time described by Steve Barnes of the AP as a self-made son of the new South, a former teenage parent who hauled himself up from a menial job to become the emperor of the new economy. The problem was that the emperor of HealthSouth that he was describing would be later dethroned by an accounting scandal that would involve lies, bribery, and mail fraud, and deceit, prison time for several individuals, obstruction of justice and auctions.
Richard Marin Scrushy was born in August 1952 in Selma Alabama. Richard grew up attending the Methodist church. Like any teenager he held several jobs. He attended Jefferson State Community College and became a Respiratory Therapist after studying at University of Alabama in Birmingham. Scrushy transferred to St. Louis, Missouri, then was promoted to the regional director of the respiratory therapy division of Lifemark Corporation. He then moved to Houston, Texas, and advanced in the company to the company’s COO. In 1984, Scrushy realized
Cited: "Richard Scrushy Biography - Biography.com." Biography.com. N.p., n.d. Web. 18 Apr. 2011. <http://www.biography.com/articles/Richard-Scrushy-235385>. "Richard Scrushy Biography - Biography.com." Biography.com. N.p., n.d. Web. 11 Apr. 2011. <http://www.biography.com/articles/Richard-Scrushy-235385>. "HealthSouth Corporation - Investor Overview." HealthSouth Corporation - Investor Overview. N.p., n.d. Web. 10 Apr. 2011. <http://investor.healthsouth.com/>. KOLATA, GINA. "Health News - The New York Times." The New York Times - Breaking News, World News & Multimedia. N.p., n.d. Web. 14 Apr. 2011. <http://www.nytimes.com/healthsouth-scandal.com>. "The Washington Post: National, World & D.C. Area News and Headlines - washingtonpost.com." The Washington Post: National, World & D.C. Area News and Headlines - washingtonpost.com. N.p., n.d. Web. 13 Apr. 2011. <http://www.washingtonpost.com>.