SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number: 1-10315
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NOTIFICATION OF LATE FILING
|_| Form 10-K |_| Form 11-K |_| Form 20-F |X| Form 10-Q |_| Form N-SAR
For Period Ended: September 30, 2005
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|_| Transition Report on Form 10-K |_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F |_| Report on Form N-SAR
|_| Transition Report on Form 11-K
For Transition Period Ended: Not applicable
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Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates: Not applicable
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PART I
REGISTRANT INFORMATION
Full name of registrant: HealthSouth Corporation
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Former name, if applicable: Not Applicable
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Address of principal executive office: One HealthSouth Parkway
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City, state and zip code: Birmingham, Alabama 35243
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PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
(a) The reason described in detail in Part III of this form
could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-K,
|_| Form N-SAR or Form N-CSR, or portion thereof, will be
filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report
or transition report on Form 10-Q, or portion thereof,
will be filed on or before the fifth calendar day
following the prescribed due date; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached, if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 11-K,
20-F, 10-Q, N-SAR, N-CSR, or the transition report portion thereof, could not
be filed within the prescribed time period.
On June 27, 2005, HealthSouth Corporation (the "Company") filed its
comprehensive Annual Report on Form 10-K ("2003 Annual Report") with the
Securities and Exchange Commission (the "SEC") containing consolidated
financial statements for the fiscal years ended December 31, 2003 and 2002 and
a restatement of its previously issued consolidated financial statements for
the fiscal years ended December 31, 2001 and 2000.
The forensic review and reconstruction of the Company's historical
financial statements required substantial resources of the Company. The
Company is currently in the process of preparing its financial statements with
respect to fiscal year ended December 31, 2004. As a result of the foregoing,
the Company is unable to complete the preparation of its financial statements
for the period ended September 30, 2005 and, therefore, will not be able to
file its Quarterly Report on Form 10-Q for the period ended September 30, 2005
on a timely basis. The Company currently is targeting to complete the
preparation of its financial statements for the fiscal year ended December 31,
2004 and file its 2004 Annual Report on Form 10-K relating thereto toward the
end of November or in early December 2005. The comprehensive 2003 Annual
Report included a number of identified material weaknesses which the Company
continues to remediate; however, since certain identified material weaknesses
were not remediated as of December 31, 2004, the Company expects to report
such material weaknesses in its 2004 Annual Report on Form 10-K.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Gregory L. Doody (205) 967-7116
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If the
answer is no, identify report(s).
|_| Yes |X| No
As previously indicated in its Notifications of Late Filing on Form
12b-25, the Company was unable to timely file the following reports for
substantially the same reasons as set forth in Part III above: (i) its
Quarterly Report on Form 10-Q for the periods ended March 31, 2003, 2004 and
2005; (ii) its Quarterly Report on Form 10-Q for the periods ended June 30,
2003, 2004 and 2005; (iii) its Quarterly Report on Form 10-Q for the periods
ended September 30, 2003 and 2004; and (iv) its Annual Report on Form 10-K for
the fiscal years ended December 31, 2002, 2003 and 2004. As reported above,
the Company filed a comprehensive 2003 Annual Report on Form 10-K with the SEC
on June 27, 2005. The comprehensive 2003 Annual Report contained the required
financial statements for the periods ended December 31, 2002 and 2003. The
Company has not filed any of the previously described Quarterly Reports, nor
did it include the required quarterly information in the comprehensive 2003
Annual Report filed with the SEC on June 27, 2005.
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
|_| Yes |_| No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
For the reasons set forth in Part III above, the Company is unable to
determine the extent of any such change in its results of operations pending
completion of the Company's financial statements to be included in its
Quarterly Report on Form 10-Q for the period ended September 30, 2005.
HealthSouth Corporation
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
HealthSouth Corporation
By: /s/ Gregory L. Doody
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Gregory L. Doody
Executive Vice President,
General Counsel and Secretary
Date: November 9, 2005