|HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. As of December 31, 2011, the Company operated 99 inpatient rehabilitation hospitals (including three hospitals that operate as joint ventures), 26 outpatient rehabilitation satellite clinics (operated by its hospitals, including one joint venture satellite), and 25 licensed, hospital-based home health agencies. As of December 31, 2011, its inpatient rehabilitation hospitals had 6,461 licensed beds (excluding the three hospitals that had 234 licensed beds and operated as joint ventures). In August 2011, the Company sold five long-term acute care hospitals (LTCHs). In November 2011, the Company completed its purchase of substantially all of the assets of Drake Center's two rehabilitation-focused patient care units located in Cincinnati, Ohio. In July 2012, it acquired the 36-bed inpatient adult rehabilitation unit of CHRISTUS Santa Rosa Hospital - Medical Center.