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Last updated 7:17PM ET
March 3, 2021
Alabama
Alabama
HealthSouth Signs Deal to Sell Corporate Campus
(2008-01-23)
(APR - Alabama Public Radio ) - HealthSouth Corporation is selling its corporate campus in Birmingham to Daniel Corporation.

The company announced Wednesday it signed an agreement to sell the property for $43.5 million in cash and other incentives.

The 85-acre property consists of a 200,000-square-foot headquarters building and a 19-acre site that includes an unfinished 13-story structure, formerly called Digital Hospital.

HealthSouth CEO Jay Grinney says the sale is another step in the company's plan to reposition it for growth as a post-acute care provider with a focus on inpatient rehabilitation.

Under terms of the agreement, HealthSouth will retain a 40 percent interest in the Digital Hospital.

(Copyright 2008 by The Associated Press. All Rights Reserved.)
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