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| 001-10315                | 63-0860407                          |
|--------------------------|-------------------------------------|
| (Commission File Number) | (I.R.S. EmployerIdentification No.) |

| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|--------|--------------------------------------------------------------------------------------------------------|

| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
|--------|--------------------------------------------------------------------------------------------------------|

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| 1)   | creates, under the pre-existing accordion feature, a $100 million term loan with an initial interest rate of LIBOR plus 2.5%, maturing in May 2016 and continues to permit future increases in revolving borrowing capacity or new term loans, or both, in an aggregate amount not to exceed $200 million; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2)   | reduces by 1.00% each of the various applicable interest rates for any outstanding balance on the revolving credit facility, depending on the Leverage Ratio (as defined in the 2011 Credit Agreement) during a given interest rate period; and |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3)   | resets the maturity date for the existing revolving credit facility from October 2015 to May 2016. |
|----------------|----------------------------------------------------------------------------------------------------|

| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
|-----------------|--------------------------------------------------------------------------------------------------------------------|

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| (d)    |  Exhibits. |
|--------|-----------------|
|   |            |

|   | 99.1 | Press Release of HealthSouth Corporation, dated May 11, 2011. |
|--------|------|---------------------------------------------------------------|

|   | 99.2 | Presentation slides of HealthSouth Corporation to be used in connection with its May 11, 2011 presentation at the Bank of America Merrill Lynch Health Care Conference in Las Vegas, Nevada. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | HEALTHSOUTH Corporation |                                                                                                    |
|--------|-------------------------|---------------------------------------------------------------------------------------------------------|
|   |                    |                                                                                                    |   |
|   | By:                     | /s/  John P. Whittington                                                                           |   |
|   |                    | Name:   John P. Whittington                                                                   |   |
|   |                    | Title:     Executive Vice President, General Counsel, and Corporate Secretary  |   |
|   |                    |                                                                                                    |   |