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Fly News Breaks for October 29, 2015
HLS
Oct 29, 2015 | 07:31 EDT
Stifel downgraded HealthSouth based on the firm;s reduced adjusted EBITDA and margin expectations for the company. Stifel reached this conclusion following the company's Q3 miss based on what the firm sees as slower rate growth assumptions, negative payor mix shift, as well as higher salaries and benefits expense and higher bad debt expense. Stifel believes that the company's near-term challenges outweigh its long-term growth outlook.
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