“We are very pleased to be included in the Russell 3000(R) Index,” said HealthSouth President and CEO Jay Grinney. “We are the largest pure-play provider in the inpatient rehabilitation industry and our inclusion in this Index will help broaden our visibility with the investment community as we focus on our long-term goal of increasing shareholder value.”
The Russell 3000 serves as the U.S. component to the Russell Global Index, which Russell launched earlier this year. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry- leading $4 trillion in assets currently are benchmarked to them.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2000. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
HealthSouth is the nation’s largest provider of inpatient rehabilitation services. Operating in 27 states across the country and in Puerto Rico, HealthSouth serves more than 250,000 patients annually through its network of inpatient rehabilitation hospitals, long-term acute-care hospitals, outpatient rehabilitation satellites, and home health agencies. HealthSouth strives to be the health care company of choice for its patients, employees, physicians and shareholders and can be found on the Web at http://www.healthsouth.com/.
Russell Investment Group aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $200 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world’s best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Founded in 1936, Russell is a subsidiary of Northwestern Mutual Life Insurance Company. Headquartered in Tacoma, Wash., U.S., Russell has principal offices in Amsterdam, Auckland, Hong Kong, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Singapore, Sydney, Tokyo and Toronto. Russell’s indexes are unmanaged and cannot be investing in directly. For more information on Russell indexes, go to http://www.russell.com/.
HealthSouth: Andy Brimmer, 205-410-2777
SOURCE: HealthSouth Corporation
CONTACT: Andy Brimmer of HealthSouth, +1-205-410-2777