HealthSouth Corp., Birmingham, Ala., said it is current on all outstanding principal and interest payments and expects to remain so, after refinancing debt due in April that had put the company in default and raised fears of bankruptcy. Acting Chairman Joel Gordon called the refinancing a "milestone in ongoing efforts to complete restructuring. We believe that this refinancing is a major step toward HealthSouth's full recovery." The company, the subject of a $2.7 billion fraud investigation by the federal government, is expected to convene stakeholders next week for a business meeting on its finances and governance. -- by Julie Piotrowski
HealthSouth says it has debt under control
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