Birmingham, Ala. (June 3, 2004) -- HealthSouth Corp. said an internal investigation into accounting irregularities at the health care company identified $2.7 billion of fraudulent entries in its accounting system.

A report released this week by the committee that conducted the investigation said the size of the accounting fraud was in line with previous estimates. In January, HealthSouth estimated the effect of the fraudulent and inaccurate accounting entries to be between $3.8 billion and $4.6 billion.

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