HealthSouth's huge accounting scandal has finally come to a close, as the company has agreed to pay $445 million to settle a shareholder lawsuit. HealthSouth will be responsible for $215 million in cash, stocks and warrants and insurance companies will pay the remaining part of the settlement. The $2.7 billion scandal eventually led to the conviction of 15 HealthSouth executives. Though HealthSouth will pay the hefty settlement, the company has admitted no wrongdoing.
For details on the settlement:
- see this Modern Healthcare report