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| William and Christine House |
William B. House has been with HealthSouth since 2005. Before that, he was director of finance at Children's Healthcare of Atlanta. House earned a bachelor's degree in management and finance from the University of Louisville and an MBA from Georgia State University.
After going through an accounting scandal in the late 1990s and early 2000s, HealthSouth has emerged again as a major player in rehabilitation medicine. From the company Web site:
HealthSouth is one of the nation’s largest providers of post-acute healthcare services and through the acquisition of Encompass Home Health and Hospice, an industry leader in home-based patient care. Our priority is to deliver high quality patient care and our team of experts has extensive experience in today’s most advanced therapeutic methods and technologies. HealthSouth leads the way, consistently outperforming peers with a unique, intensive approach to rehabilitation, returning patients to full strength in less than average time.
From the company's Wikipedia page:
HealthSouth Corporation, based in Birmingham, Alabama, is one of the United States' largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 36 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. . . . HealthSouth states that its "hospitals provide a higher level of rehabilitative care to patients who are recovering from conditions such as stroke and other neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, complex orthopedic conditions, and amputations"; and that subsidiary Encompass "provides a comprehensive range of Medicare-certified home nursing services to adult patients and, in some markets, in-home hospice services and home care services for pediatric patients with severe medical conditions".
HealthSouth was involved in a corporate accounting scandal in which its founder, chairman, and chief executive officer, Richard M. Scrushy, was accused of directing company employees to falsely report grossly exaggerated company earnings in order to meet stockholder expectations.
At the company's height in 2003, it recorded nearly $4.5 billion in revenue, dominated the rehabilitation, surgery and diagnostic services market and employed more than 60,000 people at 2,000 facilities in every state of the U.S. along with its facilities in the United Kingdom, Canada, Australia, Puerto Rico and Saudi Arabia. The company was the largest publicly listed healthcare company in the United States based on the number of locations and . . . revenue.
By mid- to late 2006, HealthSouth, which never had to file for Chapter 11 Bankruptcy Protection, completed its recovery and relisted its stock on the New York Stock Exchange under the symbol HLS. The company currently operates one division: inpatient rehabilitation. The company formerly operated an outpatient rehabilitation, surgery center and diagnostics division. The company also previously owned and operated several acute care hospitals that specialized in orthopedics, but sold all of those hospitals by 2006. The former outpatient division also operated an occupational medicine division until 2001, when it was sold. HealthSouth also sold its Long-term acute care facilities in May 2011. The long-term hospitals contributed around $200 million in revenue.
Bill House appears to be one of the executives who helped HealthSouth get back on its feet. He is married to Christine M. House, and they live at 1739 Lake Cyrus Club Drive in Hoover -- in a house that has an appraised market value of $502,300.
If House is smart enough to help save HealthSouth, why was he dumb enough to sign up with a scam outfit like Ashley Madison? We wanted to pose that, and other, questions to House, but he has not responded to our queries.
Previously:
Article with links to 1-40 in Ashley Madison series
(41) David Armistead, director of enterprise sales, TekLinks, Birmingham (10/19/17)
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