EXHIBIT 99.3


                               [GRAPHIC OMITTED]

                                                           FOR IMMEDIATE RELEASE
                                                                  MARCH 25, 2003



                HEALTHSOUTH ANNOUNCES SUSPENSION NOTICE FROM NYSE

BIRMINGHAM, Alabama - HEALTHSOUTH Corporation (NYSE:HRC) announced today that
the New York Stock Exchange (NYSE) has suspended trading in its common stock,
and will apply to the Securities and Exchange Commission to delist the security.

"Since last week, we have known that the NYSE was reviewing the suitability of a
continued listing on the Exchange due to concern over the nature of the ongoing
investigations and uncertainty surrounding the company's financial situation,"
stated Joel C. Gordon, Interim Chairman of the Board of Directors of HEALTHSOUTH
Corporation. "Knowing of this possibility, we have been evaluating efforts to
secure an ongoing market for our stock. We understand that market makers have
independently begun to make a market in the company's common stock on the OTC
Pink Sheets under the symbol 'HLSH'."

"Operations at the company remain uninterrupted as we continue providing
excellent patient care, and work with our independent experts to stabilize the
situation and review all capital expenditures, and begin to move the company
forward," said Robert P. May, Interim Chief Executive Officer of HEALTHSOUTH
Corporation.

HEALTHSOUTH is the nation's largest provider of outpatient surgery, diagnostic
imaging and rehabilitative healthcare services, with nearly 1,700 locations in
all 50 states, the United Kingdom, Australia, Puerto Rico, Saudi Arabia and
Canada. HEALTHSOUTH can be found on the Web at www.healthsouth.com.

Statements contained in this press release which are not historical facts are
forward-looking statements. In addition, HEALTHSOUTH, through its senior
management, may from time to time make forward-looking public statements
concerning the matters described herein. Such forward-looking statements are
necessarily estimates based upon current information, involve a number of risks
and uncertainties and are made pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. HEALTHSOUTH's actual results
may differ materially from the results anticipated in these forward-looking
statements as a result of a variety of factors, including those identified in
this press release and in the public filings made by HEALTHSOUTH with the
Securities and Exchange Commission, including HEALTHSOUTH's Annual Report on
Form 10-K for the year ended December 31, 2001 and its Quarterly Reports on



Form 10-Q, and forward-looking  statements contained in this press release or in
other  public  statements  of  HEALTHSOUTH  or its senior  management  should be
considered  in light of those  factors.  There  can be no  assurance  that  such
factors or other  factors will not affect the  accuracy of such  forward-looking
statements.

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FOR MORE INFORMATION CONTACT:
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