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Private investment partnership to acquire HealthSouth surgery division

Ambulatory Surgery Reimbursement Update, March 27, 2007

HealthSouth Corp. (HLS) announced that it will sell its surgery division to TPG Inc., according to RealTimeTraders.com.

The transaction will include certain conditions, such as regulatory approvals.

HLS, a rehabilitative healthcare services and ambulatory surgery provider, will use the proceeds towards long-term debt. This transaction will be a key shift for TPG as the company positions itself as a post-acute healthcare provider.

"We are pleased to expand TPG's presence in the outpatient surgery sector, which benefits from strong organic growth and attractive fundamentals," said TPG's Leonard Schaeffer, TPG's senior healthcare investment advisor, according to RealTimeTraders.com.

To read coverage of the sale on RealTimeTraders.com, click here.

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