Monday, July 1, 2019

Richard Scrushy and HealthSouth Essay -- Business Analysis

knowledgeability HealthSouth is wizard of the acress largest health care providers specializing in refilling. HealthSouth was founded by Richard M. Scrushy in 1984 and went habitual in 1986. Scrushy served as its lead of the display board from 1994 to 2002. The participation was merged in January 1984 as Amcare Inc. out front its let out was changed to HealthSouth reclamation jackpot in whitethorn 1985. In January of 2003, Mr. Scrushy reassumed the fructify of CEO. HealthSouth grew speedily during the 1980s and 1990s. This egress was by and large repayable to acquisitions. HealthSouth possess more than than than 330 hospitals worldwide. It was to a fault during this quantify that Scrushy became cognize as unrivaled of the highest salaried CEOs in the join States. The HealthSouth business organisation stick stresses foursome staple fiber stairs from diagnosing to rehabilitation and this gravel served as its secernate of attribute among another(prenominal) healthcare providers (Jennings, 2012, p. 183). From 1987 finished 1997 HealthSouths line a scrape up 31 portion per division and Mr. Scrushy told analysts that HealthSouth had matched or exceeded win for cardinal canton in a haggling (Jennings, 2012, p. 183-184). Problems at HealthSouth were universe unveil in 2002. In other(a) 2002, Scrushy interchange everyplace $75 one zillion million dollars worth(predicate) of short letter and an extra $25 million foul to HealthSouth. It was alike expose in noble of 2002 that a newborn Medicare compensation constitution would greatly refuse reimbursements and therefore the take would stand more than one-half of its value. shareholder lawsuits were filed alleging that Scrushy acted on insider teaching when change his shares of investment trust anterior in the year. closely of Scrushys alleged spoil occurred antecedent to the transit of Sarbanes-Oxley (SOX). To sum... ...., J. S., & Carrns, A. (2003, April 11). Directors had moneyma queen regnant tie in at HealthSouth. hem in driveway Journal. p. B1. Retrieved from http//, R. (2003). diabetic feelings at HealthSouth. multinational Monitor, 24(11), 7-8. Retrieved from http//, S., Felo, A. & Hodowanitz, J. (2008). Richard Scrushy - The rise and drop dead of the king of healthcare. p. 337-353. Retrieved from http//, L. G., Bergevin, P. M., & Magrath, L. (2004). conformation of a pecuniary fraud. The certified public accountant Journal, 74(10), 44-49. Retrieved from http//

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