HealthSouth today announced it will change its name to
Encompass Health Corp.
, effective Jan. 2, 2018. Founded in 1984, the company is the nation’s leading owner and operator of inpatient rehabilitation hospitals.
Who went to jail for HealthSouth?
Ousted HealthSouth Chief Executive Richard Scrushy, acquitted two years ago in a major corporate fraud case, and former Alabama Gov. Don Siegelman were both sentenced to prison on Thursday for bribery. Former HealthSouth CEO Richard Scrushy.
Is HealthSouth still a company?
HealthSouth, one of the nation’s largest providers of post-acute care services, will rebrand as
Encompass Health Corporation
on January 2, 2018. The home health division of the brand, Encompass Home Health and Hospice, will also fall under the new name, executives announced this week.
Where is HealthSouth now?
HealthSouth Corp., an operator of inpatient rehabilitation hospitals and provider of home-based care, has changed its name to Encompass Health Corp. The operator has changed its ticker symbol on the New York Stock Exchange from “HLS” to “EHC.”
Where is Richard Scrushy now?
After serving about five years of his sentence, Scrushy was released from prison. He now lives in
Houston
and works as a small-business consultant.
When was Richard Scrushy found guilty?
Scrushy was found guilty in
2006
and sentenced to six years and 10 months in federal prison, as well as fined $150,000 and ordered to pay $267,000 in restitution to the United Way of Alabama. With Scrushy’s prison sentence came several other legal woes related to his earlier HealthSouth trial.
Who did Richard Scrushy bribe?
The 11th U.S. Circuit Court of Appeals let stand Scrushy’s 2006 conviction for paying $500,000 to
former Alabama Governor Don Siegelman
in exchange for a seat on a state hospital board.
What happened to Aaron Beam?
Aaron Beam was a founder and the first Chief Financial Officer of Healthsouth from 1984 until 1997. Today he lives in Loxley, Alabama with his wife of 44 years, Phyllis. In 1996 he took part in the accounting fraud at Healthsouth. In
2003 Beam pled guilty to the fraud and spent time in a federal prison for his crime
.
How much money is Richard Scrushy worth?
| Richard Scrushy | Spouse(s) Debbie Cody (197?–197?) Karon Brooks (1978–1996) Leslie Anne Jones (1997–present) |
|---|
How did HealthSouth cook the books?
An accountant said Friday in the trial of ex-HealthSouth chief Richard Scrushy that the company’s headquarters
“cooked the books” by mixing legitimate results with bogus ones
. … The government claims Scrushy was behind the fraud, enriching himself as the inflated earnings boosted HealthSouth shares.
What does HealthSouth sell?
HealthSouth Corporation is the leading provider of
medical rehabilitation health care and outpatient surgery services
in the United States.
Did HealthSouth change their name?
Birmingham, Ala. -based HealthSouth Corp. launched its new name and brand on
Jan. 1, 2018
and will be transitioning its 130 inpatient rehabilitation hospitals and 273 home-health and hospice locations serving 36 states and Puerto Rico through 2019.
Where is Weston Smith now?
Weston eventually voluntarily exposed the fraud, and accepted the consequences of his former actions. Today, in addition to working as
an accountant for small businesses
, Mr. Smith is a guest lecturer with an emphasis on fraud prevention and ethical conduct.
When did Don Siegelman get out of jail?
He served as Alabama’s governor from 1999 to 2003. He was the last Democrat to hold the position in the conservative state. Siegelman was released from prison in
2017
after serving a six-year sentence for his conviction on charges of bribery and obstruction of justice.
Why was Richard Scrushy not guilty?
Former HealthSouth CEO and founder Richard Scrushy was found not guilty on
36 charges of fraud, false corporate reporting and making false statements related to the $2.7
billion accounting fraud at HealthSouth.
Who bought Richard Scrushy lake house?
HealthSouth shareholders
buy Richard Scrushy’s Lake Martin properties. owned by HealthSouth founder Richard Scrushy. It was over instantly, as shareholders paid $7.4 million for the house and two lots and $435,000 for an airplane hangar.
How much has Richard Scrushy paid back?
An Alabama state judge found Scrushy, who is an ordained minister, liable for fraud in a civil, non-jury trial in 2009 and ordered him to pay HealthSouth $2.88 billion. HealthSouth said
less than $100 million
has been repaid. It firmly opposes lifting the SEC ban.
What was the HealthSouth scandal?
HealthSouth was accused by the U.S. Securities and Exchange Commission (SEC) of
an accounting scandal where the company’s earnings were falsely inflated by $1.4 billion
.
What did Don Siegelman go to jail for?
In 2006 Siegelman was convicted on federal felony corruption charges and sentenced to seven years in federal prison.
How long was Aaron Beam in jail?
Aaron Beam served
three months
in prison after pleading guilty to bank fraud.
What happened to Leslie Scrushy?
Scrushy
was acquitted of criminal charges
in that case, but in a separate case, was convicted of bribery, conspiracy and mail fraud, landing him a seven-year sentence in federal prison.
What did Donald Watkins do?
Watkins Sr., who is featured in Netflix’s new docuseries “Trial By Media,” was convicted in 2019
of defrauding former sports players
, including Charles Barkley, of millions of dollars in a years-long scheme he ran alongside his son, Donald Watkins, Jr.
When was the HealthSouth scandal discovered?
The company was the nation’s largest provider of health-care services, with more than 48,000 employees and nearly 1,700 facilities throughout the 50 states and abroad, according to Congressional testimony by the interim chairman appointed to head HealthSouth’s board of directors when the fraud was discovered in
2003
.
When did the HealthSouth scandal happen?
The infamous $2.8 billion accounting scandal at HealthSouth, which was perpetrated
from 1996 through 2002
, left a trail of misery in its wake. Included in the carnage was the imprisonment of CEO Richard Scrushy and several HealthSouth CFOs, among a number of other company officials.
Who was the whistleblower in HealthSouth?
As CFO at HealthSouth in 2003,
Weston Smith
was part of one of the country’s biggest fraud scandals. After becoming a whistleblower, Smith shares his story. Weston Smith says he lay awake late at night with his “entire life on rewind” one December night in 2005.
What did Weston Smith do?
Former HealthSouth Corp. chief financial officer Weston L. Smith was sentenced Thursday to 27 months in prison for his role in the company’s
$2.7 billion accounting fraud
, according to Bloomberg.
Who is encompass health owned by?
Encompass is currently owned by
Cressey & Company LP
, a leading healthcare-focused private investment firm.
Did Alabama ever have a Democratic governor?
Alabama was a strongly Democratic state before the Civil War, electing only candidates from the Democratic-Republican and Democratic parties. It had two Republican governors following Reconstruction, but after the Democratic Party re-established control, 112 years passed before voters chose another Republican.
Who is governor of Alabama?
Governor Kay Ivey
, who became the 54th Governor of Alabama in 2017, is committed to raising the quality of life for all Alabamians.
Who was Weston Smith?
Weston Smith, former CFO,
turned whistleblower and alerted federal investigators to the fraud
. He eventually was sentenced to 27 months in prison for his role – the longest sentence ordered for any of the HealthSouth defendants.
Who are encompass health competitors?
Encompass Health competitors include
Baylor Scott & White Health, HCA Healthcare, RehabCare Group, Select Medical and LifePoint Health
. Encompass Health ranks 1st in Customer Net Promoter Score on Comparably vs its competitors.
