HealthSouth's Financial Woes Squeeze Construction Projects
The fate of a $300-million, state-of-the-art hospital under construction in Birmingham, Ala., by HealthSouth Corp. is unclear as the company grapples with federal securities fraud charges.
Work has stopped on the project, about 40% complete, except to put on a roof to protect the structure until a deci-sion can be made, says a spokesman for HealthSouth, also based there.