Business
HealthSouth delays report
NEWS IN BRIEF — Posted April 12, 2004
HealthSouth Corp., the outpatient services giant at the center of an accounting scandal, says it is likely that it won't be able to file its latest annual financial report until the first quarter of 2005.
The embattled Birmingham, Ala.-based firm notified the Securities and Exchange Commission on March 15 that it would miss the deadline for filing the 2003 report and likely wouldn't submit its report before next year.
HealthSouth is under investigation by the SEC and the U.S. Dept. of Justice for allegedly overstating earnings by $2.7 billion or more over several years in a scheme to meet Wall Street expectations. Seventeen former employees have agreed to plead guilty to various criminal charges, and ousted chief executive Richard M. Scrushy is awaiting trial for fraud.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/04/12/bibf0412.htm.












