EXHIBIT (99)-2

                             HEALTHSOUTH CORPORATION

                          NOTICE OF GUARANTEED DELIVERY
                                  FOR TENDER OF
                             ANY AND ALL OUTSTANDING
                   10-3/4% SENIOR SUBORDINATED NOTES DUE 2008
                               IN EXCHANGE FOR NEW
                   10-3/4% SENIOR SUBORDINATED NOTES DUE 2008


     This Notice of Guaranteed Delivery, or one substantially equivalent to this
form,  must  be  used  by  registered  holders  of  outstanding  10-3/4%  Senior
Subordinated Notes due 2008 (the "Private Notes") of HEALTHSOUTH Corporation,  a
Delaware corporation (the "Company"), who wish to tender their Private Notes for
an equal principal amount of new 10-3/4% Senior Subordinated Notes due 2008 (the
"Exchange  Notes")  of the same  maturity  that have been  registered  under the
Securities  Act of 1933,  as amended (the  "Securities  Act") if (i) the Private
Notes,  a duly  completed  and executed  letter of  transmittal  (the "Letter of
Transmittal")  and all other required  documents cannot be delivered to The Bank
of New York (the  "Exchange  Agent") prior to 5:00 P.M.,  New York City time, on
__________, 2000, or such later date and time to which the exchange offer may be
extended  (the  "Expiration  Date") or (ii) the  procedures  for delivery of the
Private  Notes  being  tendered by  book-entry  transfer,  together  with a duly
completed and executed Letter of Transmittal, cannot be completed on or prior to
5:00 P.M., New York City time, on the Expiration Date. This Notice of Guaranteed
Delivery may be delivered by hand,  overnight courier or mail, or transmitted by
facsimile transmission (receipt confirmed by telephone and an original delivered
by guaranteed  overnight  delivery),  to the Exchange  Agent.  See "The Exchange
Offer-Procedures for Tendering" in the Prospectus.  The Company has the right to
reject a tender of  Private  Notes  made  pursuant  to the  guaranteed  delivery
procedures unless the registered holder using the guaranteed  delivery procedure
submits  either (a) the  Private  Notes  tendered  thereby,  in proper  form for
transfer,  or (b) confirmation of book-entry transfer in the manner set forth in
the Prospectus,  in either case together with one or more properly completed and
duly executed  Letter(s) of  Transmittal  (or  facsimile  thereof) and any other
required documents by 5:00 P.M., New York City time, on the third New York Stock
Exchange  trading day  following  the  Expiration  Date.  Capitalized  terms not
defined herein have the meanings assigned to them in the Prospectus.





                  The Exchange Agent for The Exchange Offer Is:


                              THE BANK OF NEW YORK


                                                              
By Registered or Certified Mail      Facsimile Transmissions:         By Hand Or Overnight Delivery
                                   (Eligible Institutions Only)

       The Bank of New York               ------------                     The Bank of New York
        101 Barclay Street                                                  101 Barclay Street
    New York, New York 10286                                             New York, New York 10286
Reorganization Department, 7 East                                   Reorganization Department, 7 East
                                      Confirm By Telephone:

                                          ------------

                                      For Information Call:

                                          ------------


     Delivery of this Notice Of Guaranteed  Delivery to an address other than as
set forth  above or  transmission  of this  Notice of  Guaranteed  Delivery  via
facsimile to a number other than as set forth above will not  constitute a valid
delivery.

     THIS  NOTICE  OF  GUARANTEED  DELIVERY  IS  NOT  TO BE  USED  TO  GUARANTEE
SIGNATURES.  IF A  SIGNATURE  ON A  LETTER  OF  TRANSMITTAL  IS  REQUIRED  TO BE
GUARANTEED BY AN "ELIGIBLE  INSTITUTION"  UNDER THE INSTRUCTIONS  THERETO,  SUCH
SIGNATURE  GUARANTEE  MUST  APPEAR  IN  THE  APPLICABLE  SPACE  PROVIDED  IN THE
SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.



Ladies and Gentlemen:

     The undersigned  hereby tenders to the Company,  upon the terms and subject
to the conditions set forth in Prospectus  dated  __________,  2000 (as the same
may be amended or  supplemented  from time to time, the  "Prospectus"),  and the
related Letter of Transmittal (which together  constitute the "Exchange Offer"),
receipt of which is hereby  acknowledged,  the aggregate principal amount of the
Private Notes set forth below pursuant to the guaranteed delivery procedures set
forth  in the  Prospectus  under  the  caption  "The  Exchange  Offer-Guaranteed
Delivery Procedures" and in instruction 2 to the Letter of Transmittal.



                                       2




                       DESCRIPTION OF SECURITIES TENDERED



    Name and Address of           Certificate
  registered Holder as it          Number(s)           Maturity of         Aggregate Principal        Principal Amount of
   Appears on the Private       of Private Notes      Private Notes        Amount Represented            Private Notes
    Notes (Please Print)            Tendered             Tendered           by Private Notes               Tendered*
                                                                                         

- --------------------------     ------------------     --------------      ----------------------      --------------------

- --------------------------     ------------------     --------------      ----------------------      --------------------

- --------------------------     ------------------     --------------      ----------------------      --------------------

- --------------------------     ------------------     --------------      ----------------------      --------------------

- --------------------------     ------------------     --------------      ----------------------      --------------------

- --------------------------     ------------------     --------------      ----------------------      --------------------



*Must be tendered only in integral multiples of $1,000.

If the  Private  Notes will be  tendered  by  book-entry  transfer,  provide the
following information:

DTC Account Number:_________________________________


All authority herein conferred or agreed to be conferred shall survive the death
or  incapacity  of the  undersigned  and  every  obligation  of the  undersigned
hereunder shall be binding upon the heirs, personal representatives,  successors
and assigns of the undersigned.

                                PLEASE SIGN HERE


X                                              Date:                      , 2000
 ------------------------------------               ---------------------


X                                              Date:                      , 2000
 ------------------------------------               ---------------------
Signature(s) of Owner(s)
or Authorized Signatory


Area Code and Telephone Number:_______________________


Must be signed by the holder(s) of the Private Notes as their name(s)  appear(s)
on certificates of the Private Notes or on a security  position  listing,  or by
person(s) authorized to become registered holder(s) by endorsement and documents
transmitted  with this  Notice of  Guaranteed  Delivery.  If


                                       3




signature is by a trustee, executor, administrator,  guardian, attorney-in-fact,
officer or other person acting in a fiduciary or representative  capacity,  such
person must set forth his or her full title below.

                                        Please print name(s) and address(es)


Name(s):
             ------------------------------------------
             ------------------------------------------
             ------------------------------------------
             ------------------------------------------

Capacity:
             ------------------------------------------
             ------------------------------------------
             ------------------------------------------
             ------------------------------------------

Address(es):
             ------------------------------------------
             ------------------------------------------
             ------------------------------------------
             ------------------------------------------





                                       4




                    THE FOLLOWING GUARANTEE MUST BE COMPLETED

                              GUARANTEE OF DELIVERY
                    (NOT TO BE USED FOR SIGNATURE GUARANTEE)


     The  undersigned,  a firm or other entity  identified in Rule 17Ad-15 under
the  Securities  Exchange Act of 1934,  as amended,  as an  "eligible  guarantor
institution, " including (as such terms are defined therein): (i) a bank; (ii) a
broker,  dealer,  municipal  securities  broker,  municipal  securities  dealer,
government  securities  broker,  government  securities  dealer;  (iii) a credit
union; (iv) a national securities exchange, registered securities association or
clearing  agency;  or (v) a  savings  association  that  is a  participant  in a
Securities Transfer Association  recognized program (each of the foregoing being
referred to as an "Eligible  Institution"),  hereby guarantees to deliver to the
Exchange Agent, at one of its addresses set forth above,  either (a) the Private
Notes tendered hereby,  in proper from for transfer,  or (b) confirmation of the
book-entry transfer of such Private Notes to the Exchange Agent's account at the
Depository  Trust Company ("DTC")  maintained for such purpose,  pursuant to the
procedures for book-entry  transfer set forth in the Prospectus,  in either case
together  with one or more properly  completed  and duly  executed  Letter(s) of
Transmittal  (or  facsimile  thereof) and any other  required  documents by 5:00
P.M.,  New York City time,  on the third New York  Stock  Exchange  trading  day
following the Expiration Date.

     The  undersigned  acknowledges  that  it  must  deliver  the  Letter(s)  of
Transmittal  and the Private Notes tendered  hereby to the Exchange Agent within
the time  period set forth  above and that  failure  to do so could  result in a
financial loss to the undersigned.

Name of Firm:
             ------------------------------      -------------------------------
                                                 (Authorized Signature)

Address:                                         Title:
         ----------------------------------            -------------------------

                                                 Name:
         ----------------------------------           --------------------------
                                (zip code)               (Please type or print)

Area Code and
Telephone Number:                                Date:
                 --------------------------           --------------------------


NOTE: DO NOT SEND  CERTIFICATES  FOR PRIVATE NOTES WITH THIS FORM.  CERTIFICATES
FOR PRIVATE NOTES SHOULD ONLY BE SENT WITH YOUR LETTER OF TRANSMITTAL.


                                       5