EXHIBIT 99


       SCRIPT OF "TOWN HALL MEETING" BROADCAST TO HEALTHSOUTH EMPLOYEES IN USE
BEGINNING SEPTEMBER 18, 2003.

JOEL GORDON, INTERIM CHAIMAN - INTRODUCTION
Good afternoon. It's been several months since our last Town Hall, and a lot of
things are happening at HealthSouth. Thanks to you, we continue to move forward
- - past the events of last March and toward a successful future.

As you remember, in early July we made an important presentation to our
creditors and shareholders that outlined a business plan for the next twelve
months. We also provided them with information on our improved financial
situation.

Today, we will update you on both of those topics and to answer some questions
you may have about decisions that have been made that directly impact you as
employees. Bob....

BOB MAY, INTERIM CEO - OPERATIONS
Thanks, Joel. When Joel and I assumed our positions last March, we were very
concerned - along with our fellow board members -- that the core business of
HealthSouth was in trouble. We took quick action - along with great advice and
counsel from Bryan Marsal and his team - but none of our progress could have
been achieved without your hard work and dedication. Through difficult times,
you have kept our facilities up and running - by doing what you do best - taking
outstanding care of our patients.

Today, we continue to be strong operationally. Many people ask me what is our
current strategy? The answer is fairly straightforward - simple yet hard to do.
The entire organization needs to focus on improving its operations. Over the
next 12 to 18 months our strategy needs to be one of improving all aspects of
our operations. We need to examine all lines of business and staff areas and ask
the questions-- are we being as effective as we can be and are we providing
superior care to our patients?

We have already taken some steps in support of this strategy: 1. we made the
decision to split the diagnostics group into a separate division of the company
led by Karen Davis; 2. we have implemented a program to simplify the RBO process
by examining the best practices in each RBO and creating a more efficient
system; and 3. we are looking at new technology to enhance our purchasing
process.

Bottom line, we are taking all the necessary steps to ensure that HealthSouth is
successful now and into the future.

JOEL - FINANCIAL UPDATE
Thanks to our operational stability, our financial situation continues to
improve. On August 12, we were able to announce a payment of $117 million to our
lenders and other noteholders, representing all past due interest owed under our
borrowing agreements. We are still in discussions with the banks and noteholders
and hope to come to a mutually beneficial agreement with them before the end of
the year.




PricewaterhouseCoopers is continuing both the forensic review and the audit of
our financials for the past four years. We expect the forensic review to be
complete by the end of November and for the audit to be complete sometime in the
summer or fall of 2004. Keep in mind that the work PricewaterhouseCoopers is
doing on the forensic side reflects what has happened in the past. Their
findings should not have an impact on our business plan or on operations moving
forward.

Regardless of the outcome of the forensic audit, we continue to believe that we
can accomplish our restructuring without having to file bankruptcy. As we've
mentioned before, there are still some potential "rocks in the road," but we
continue to manage these potential issues and remain cautiously optimistic about
the future.

BOB - EMPLOYEE
Our improved financial position allows us to invest some of our resources in you
- - our employees. First of all, we are in the middle of performance evaluations
nationwide and your merit increases will be effective next month. We have also
announced new incentive programs that will be in place for all divisions by
January 2004. The specifics of each incentive program should be distributed to
you by your divisional leadership in the near future, if they haven't done so
already.

We have worked very hard with the human resources department to review and
ultimately expand the employee benefits package. I'm very pleased to announce
that, even with the huge increases in healthcare insurance premiums across the
country, we were able to keep your medical premiums at the same rate in the new
package. There are some minor changes in the medical plan design that will be
explained in the upcoming packets from human resources.

In addition, we will be changing our 401(k) program so that you will have more
choices and more flexibility when deciding where to invest your money. The new
program will be managed by Charles Schwab & Co., Inc., who will also offer
financial advisors free-of-charge to participants in the HealthSouth 401(k)
program.

JOEL - UPCOMING EVENTS
We are continuing to make changes at all levels of the Company. Just last week,
we welcomed a new member to the Board of Directors -- Lee Hillman, the former
Chairman and CEO of Bally's Fitness. He brings expertise to the board in the
areas of restructuring and governance. In addition, we will soon be implementing
a new, company-wide compliance program that emphasizes the importance we place
on integrity and providing quality care to our patients.

We are continuing to cooperate with all of the ongoing investigations. Many of
you have asked about what you can do to help. The best way you can help is to
keep showing our patients, their families and our physicians that HealthSouth is
the place to go for quality healthcare. The good work you do in your facility
has and will continue to speak volumes about our company.




BOB - CONCLUSION
We want you to keep asking questions and giving us your suggestions. The
employee hotline is always available at employeehotline@healthsouth.com and you
can see the most frequently asked questions and answers on the intranet.

We appreciate your support. Thank you for your time.