May 23, 2013
Healthsouth Corporation says it is keeping a hospital it once considered selling to reduce a $3.3 billion debt.
It also plans on making improvements and recruiting new employees for Healthsouth Medical Center.
The company thought about selling the hospital after it defaulted in April on $367 million of bond payments.
Analysts say the investment Healthsouth is making is a good sign that things are looking up.
The company is auditing its financial statements to determine if it can continue to operate without renegotiating its debts.
Healthsouth has a rehabilitation center here in Dothan.
