HealthSouth Corp. (HLS) said Thursday that it has signed an agreement to divest HealthSouth Rehabilitation of Baton Rouge, La., to Baton Rouge Rehabilitation Hospital, LLC.
The divesture is expected to be completed on January 29.
HealthSouth said there will be no interruption of patient care during the transition to the new ownership and that it will continue to serve patients through its other hospitals in the state including, HealthSouth Rehabilitation Hospital of Alexandria and HealthSouth Specialty Hospital of North Louisiana.
As a result of the transaction, HealthSouth Rehabilitation Hospital of Baton Rouge is expected to be classified as discontinued operations in the fourth quarter of 2009. The operating results for the hospital include a $4 million impairment charge recorded in the third quarter of 2009.
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