HealthSouth has agreed to sell its diagnostic division for $47.5 million, part of a long-term shift in its strategy which will focus the company on "post acute" care. The company is still recovering from the massive $2.7 billion accounting scandal, under which 15 executives were convicted of misconduct [1]. The diagnostic division, which includes 54 freestanding diagnostic imaging centers in 19 states, to The Gores Group. The Gores Group is a private equity firm based in Los Angeles. Last month, HealthSouth sold its surgery division, taking in $945 million, and over the past year, has made $20.5 million selling off individual diagnostic centers, equipment and assets. These moves are designed to let HealthSouth transform itself into a provider focused on inpatient rehab services.

To learn more about the sale:
- read this Birmingham Business Journal article [2]