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HEALTHSOUTH FIRST QUARTER NET INCOME UP 88 PERCENT

 BIRMINGHAM, Ala., April 20 /PRNewswire/ -- HEALTHSOUTH Rehabilitation Corporation (NYSE: HRC) announced today that first quarter net income was 88 percent greater than that achieved in the 1992 first quarter.
 Revenues were 24 percent higher with net income per share up by more than 87 percent as compared to the prior year period.
 "Our results speak for themselves," said Richard M. Scrushy, chairman of the board, president and chief executive officer. "We have achieved consistent profitability for 28 consecutive quarters."
 HEALTHSOUTH is one of the nation's leading providers of rehabilitative healthcare services. The company operates 73 outpatient rehabilitation centers, 11 rehabilitation hospitals and four specialty medical centers. Including satellite operations, HEALTHSOUTH has more than 150 locations in 30 states and the District of Columbia.
 SUMMARY OF OPERATING RESULTS
 (unaudited, in thousands, except per share data)
 3 months ended 3/31/93 3/31/92
 Revenue $116,149 $ 93,585
 Net income 8,820 4,686
 Weighted average common and
 common equivalent shares
 outstanding 29,850 29,685
 Net income per common and
 common equivalent share
 outstanding $.30 $.16
 -0- 4/20/93
 /CONTACT: Richard M. Scrushy, chairman of the board, president and chief executive officer, or Aaron Beam Jr., executive vice president and chief financial officer, of HEALTHSOUTH, 205-967-7116/
 (HRC)


CO: HEALTHSOUTH Rehabilitation Corporation ST: Alabama IN: HEA SU: ERN

RA-BN -- AT008 -- 7940 04/20/93 10:37 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:228
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