October 05, 2010 (FinancialWire) — HealthSouth Corp. (NYSE:HLS) said that it has completed the purchase of a 30-bed inpatient rehabilitation unit in Ft. Smith, Arkansas, from Health Management Associates (NYSE: HMA).

According to HealthSouth, the rehabilitation unit will be relocated from Health Management Associates' Sparks Regional Medical Center to HealthSouth Rehabilitation Hospital of Ft. Smith.

HealthSouth Rehabilitation Hospital of Ft. Smith serves Ft. Smith and the surrounding area, including Sebastian, Crawford and Logan counties in Arkansas as well as Adair, LeFore and Sequoyah counties in Oklahoma.

HealthSouth operates four rehabilitation hospitals and one rehabilitation satellite unit throughout Arkansas in Fayetteville, Ft. Smith, Jonesboro, Little Rock and Sherwood.

Alabama-based HealthSouth is a provider of inpatient rehabilitative healthcare services operating in 26 states across the country and in Puerto Rico.

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