Posted at 12:17 p.m., Monday, March 24, 2003
HealthSouth to continue Hawai'i operations
Advertiser Staff
HealthSouth Corp. plans to continue operating its Hawai'i rehabilitation and surgical centers despite a major accounting scandal that halted trading in the company's stock today for the fourth consecutive session.HealthSouth operates 11 rehabilitation or surgical centers, on every major island in Hawai'i. "All of our facilities are operating in an uninterrupted manner," spokesman Ernie Knewitz said today. "...We would tell ... (patients) to be sure to come in and have their treatment."
No plans have been announced to close any HealthSouth facility, Knewitz said.
Trading in HealthSouth was suspended as the rehabilitation giant negotiated over whether shares would be dropped from the New York Stock Exchange.
Shares in HealthSouth have not traded since last Tuesday. Before the markets opened Wednesday, the Securities and Exchange Commission filed civil charges accusing the company of overstating earnings by at least $1.4 billion in a huge accounting fraud.
