April 2001

Industry Watch

PEOPLE IN THE NEWS

HealthSouth To Sell Occupational Medicine Division

HealthSouth Corp, Birmingham, Ala, signed a letter of intent to sell substantially all of its occupational medicine division to US HealthWorks, Alpharetta, Ga. Although the details of the transaction were not disclosed, the parties expect to complete the transaction by the end of the first quarter of 2001. HealthSouth provides outpatient surgery and rehabilitative health care services in 2,000 locations in the United States, United Kingdom, Australia, and Puerto Rico.

Catholic Community Care Joins Consorta

Consorta, Rolling Meadows, Ill, announced that Catholic Community Care, Cleveland, has joined its health care resource management and group purchasing organization. Catholic Community Care has 16 member organizations, including Catholic providers of skilled nursing, subacute care, rehabilitation, assisted living, independent living, home health, and community-based services in the eight-county Cleveland diocese. Consorta’s shareholder health care systems currently operate more than half of the Catholic hospitals in the United States. They own extended and alternate care sites, and are affiliated with other nonprofit hospitals, alternate care facilities, and educational and social service agencies. Shareholders have the option to extend Consorta services to other care providers and educators within their diocese.

US Physical Therapy Reports Increased Revenues

US Physical Therapy, Houston, announced a 64.4% jump in net income to $1,059,000 for the fourth quarter ended December 31, 2000, from $644,000 in the same period in 1999. For the full year, net income increased 56% to $3,735,000 from $2,394,000 the prior year.

Net revenues for the fourth quarter increased 23.2% to $16,446,000 from $13,351,000 in the same 1999 period. Net revenues for all of 2000 rose 23.1% to $63,222,000 from $51,368,000 in 1999. The company credits these results to a 23.2% increase in patient visits to 697,000 for all of 2000 from the prior year. The company’s goal for 2001 is to open 30-35 new physical therapy centers.

George Michael Cuesta, PhD, director of neuropsychology at the Burke Rehabilitation Hospital, White Plains, NY, was accepted as a Diplomate of the American College of Forensic Examiners (ACFE). Individuals who meet the stringent requirements of the ACFE in knowledge, skill, training, and experience in forensics achieve Diplomate status.

• Senators Chuck Grassley (R-Iowa) and Ted Kennedy (D-Mass) received the Bipartisan Hero Award from the National Association of Pediatric Nurse Associates and Practitioners. The award recognizes the Senators’ work on behalf of children with disabilities.
• Charles C. Emery, Jr, PhD, senior vice president/CIO of Horizon Blue Cross Blue Shield of New Jersey was named the John E. Gall, Jr CIO of the Year by the Healthcare Information and Management Systems Society and the College of Healthcare Information Management Executives. The award recognizes an information technology integration executive who has demonstrated leadership in health information, management systems, and technology administration.
• Colin Milner became president of IDEA Health and Fitness Association, San Diego.
• The Burke Rehabilitation Hospital, White Plains, NY, appointed three new physicians: Shubhada Mithilesh, MD, MRCOG, attending physician in internal medicine; Meheroz Hoshang Rabadi, MD, attending physician in neurology; and Sudhir Vaidya, MD, director of sports medicine and pain management.
• Arthur C. Rettig, MD, of the Indianapolis Colts received the first Emageon MVP Physician of the Year Award, while Lamar “Bubba” Tyer of the Washington Redskins received the first Emageon Super Athletic Trainer of the Year. The awards recognize the work of NFL physicians and athletic trainers.
• Denton Smith is president of SCIFIT, Tulsa, Okla. He replaces Larry Born, who became CEO.
• Wyndham International honored ICan founder and CEO Heidi Van Arnem with its first Women on Their Way Award. The award recognizes American businesswomen who contribute to their industries and communities.

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