Congratulations, to HealthSouth for its excellent turnaround. In an article written by Jimmy DeButts from the Birmingham Business Journal, he explains that by re-structuring debt and net losses, the inpatient rehab company is showing a healthy improvement in operating revenues.
It's great to see such a large Birmingham company rebound from accounting fraud to success.
What could this mean for me? Here's your take away... One would think that the health care is a very strong industry sector to provide the foundation for a company to make such a recovery. Our population is aging and it looks like the health care industry will offer much opportunity for the real estate investor.
Ahh... One more thing, it's important that you also know that real estate was a part of the HealthSouth re-structuring. HealthSouth sold their campus to Daniel Corporation and it's reported that they will leaseback a significant portion of the office building. This transaction occurred a few months ago.
Tuesday, February 26, 2008
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