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East Peak sells 411,200 shares of HealthSouth
By Lisa Kerner
Charlotte, N.C., June 10 - East Peak Partners, LP sold 411,200 shares of HealthSouth Corp. for a total of $15.64 million between April 18 and June 5.
The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.
East Peak owns approximately 3.9 million shares, or 4.93%, of the Birmingham, Ala., provider of ambulatory surgery and rehabilitative health-care services.
On May 23, HealthSouth announced that it will continue to focus on debt repayment with high-cost bond debt being its priority.
It was previously reported that HealthSouth said its cash flow from operations will be its primary source for paying down debt.
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