Birmingham, Ala. (May 9, 2003) -- Embattled rehabilitative care provider HealthSouth Corp. named Big Four firm PricewaterhouseCoopers as its auditor, replacing Ernst & Young, which was fired last month amidst a massive $2.5 billion accounting scandal.
The company based here is currently under investigation by both the Securities and Exchange Commission and the Justice Department for the fraud, allegedly spearheaded by the company’s former chief executive Richard Scrushy. Thus far, 10 former Health South employees have agreed to plea bargains with the DOJ including five of the company’s former chief financial officers.
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