HealthSouth

By  | 

A lawyer representing fired HealthSouth CEO Richard Scrushy plans to bid for the company.

Birmingham attorney Donald Watkins says he's assembled private investors to buy HealthSouth, which is trying to avoid bankruptcy after it was accused of accounting fraud.

Watkins says Scrushy would be an adviser to the investors and would have no financial stake in the rehab giant.

HealthSouth, which calls itself the largest U.S. provider of outpatient surgery and rehabilitation services, is trying to restructure $3.3 billion in debt.

In recent months, Watkins also tried to purchase two Major League Baseball teams.