New York, June 11, 2015 -- Moody's Investors Service affirmed the ratings of HealthSouth Corporation, including the Ba3 Corporate Family Rating and Ba3-PD Probability of Default Rating. The rating outlook was changed to negative from stable. The rating action follows the announcement that HealthSouth has entered into a definitive agreement to acquire the operations of Reliant Hospital Partners, LLC and affiliated entities for $730 million. Reliant operates 11 inpatient rehabilitation hospitals and three inpatient satellite locations.
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