Healthsouth Corporation

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.

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