HealthSouth’s Jay Grin­ney re­tir­ing af­ter 12 years as pres­i­dent, CEO

Modern Healthcare - - LATE NEWS - —Maria Castel­lucci

Jay Grin­ney will re­tire from HealthSouth Dec. 31 af­ter 12 years as pres­i­dent and CEO of the com­pany.

Chief Op­er­at­ing Of­fi­cer Mark Tarr will suc­ceed Grin­ney at the pub­licly traded com­pany, which has ex­panded rapidly in re­cent years and now op­er­ates post-acute fa­cil­i­ties and ser­vices in 34 states.

Grin­ney, 65, will serve as a con­sul­tant for the com­pany un­til March 31. Grin­ney pre­vi­ously was an ex­ec­u­tive with HCA and took the helm of HealthSouth af­ter its board fired Richard Scrushy, who was ac­cused of ac­count­ing fraud.

“It has been an honor and a priv­i­lege to lead HealthSouth over the past 12 years,” Grin­ney said. “This planned tran­si­tion comes at a time of strength and growth for HealthSouth: vol­umes, rev­enues and earn­ings in both seg­ments con­tinue to grow at a solid pace.”

The Birm­ing­ham, Ala.-based com­pany re­ported strong fi­nan­cials for its third quar­ter of 2016. HealthSouth posted net in­come of $61.7 mil­lion, up 22% from the year-ago quar­ter. Rev­enue rose 19% to $926.8 mil­lion com­pared with the pre­vi­ous year.

Tarr, 55, has been with HealthSouth for 23 years and has been ex­ec­u­tive vice pres­i­dent and COO since Fe­bru­ary 2011.


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