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HealthSouth to Launch $300 Million Private Placement |
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Thursday, 23 February 2006 |
HealthSouth to Launch $300 Million Private Placement
NEW YORK, NY, (NAMC) - One of the nation's largest providers of outpatient surgery, diagnostic imaging and rehabilitative healthcare services, HealthSouth Corporation (Pink Sheets: HLSH) is looking to rise from the ashes as they look to initiate a $300 million private placement. The Birmingham, Alabama company has seen the dark days and under the new leadership of Jay Grinney they look to put all of that behind them. They plan on issuing up to $300 million of convertible perpetual preferred stock to qualified accredited investors or institutional buyers. This capital raise is in an effort to reduce the company’s debt as they look to restructure the company and make it a viable entity once again. The NAMC Newswire is going to commence coverage of HealthSouth as they restructure and rebuild the company. For more information go to www.healthsouth.com HealthSouth closed at $5.31. This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire. NAMC Newswire articles can now be listened to on StreetIQ.com http://www.streetiq.com/dir/NAMC.shtml# To keep up to date with companies that we report on just register to receive the FREE Wall Street to Main Street Daily Newsletter. We feature companies that trade on the NYSE, AMEX, NASDAQ, OTCBB and Overseas, Keeping our readers informed daily. Just go to our site and register, it’s simple and free, www.namcnewswire.com/newsletter . Also be sure to visit the NAMC radio at www.namcnewswire.com/namcradio for the latest reports, interviews and corporate updates featured on the NAMC Newswire. |
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