Mr. Will Hicks

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  www.kcchronicle.com/today/KCC/news/283873066211339.html - [Cached Version]
  Published on: 8/1/2003    Last Visited: 8/1/2003  

  Will Hicks, 39, vice president of investments, agreed to plead guilty to conspiracy to make false statements to auditors and maintaining false records.

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  AP Wire | 08/28/2003 | HealthSouth VP Pleads Guilty in... - [Cached Version]
  Published on: 8/28/2003    Last Visited: 8/29/2003  

  Will Hicks, who was vice president of investments, admitted to conspiring to make false statements to auditors and to maintaining false business records.
  
  The government has accused HealthSouth of overstating earnings by some $2.5 billion to make it appear it was meeting Wall Street forecasts.Fourteen former HealthSouth executives have reached plea deals with the government and are cooperating with investigators.
  
  Hicks, 39, is a former health care analyst who issued reports on HealthSouth before he came to work for the Birmingham-based company in November 1999.Prosecutors said Hicks participated in the fraud by hiding HealthSouth's failed $13 million investment in assisted-living facilities.
  
  He faces a maximum penalty of five years in prison and a $250,000 fine.
  
  From 1996 until 1999, Hicks also was a principal with ousted HealthSouth CEO Richard Scrushy and former chief financial officer Michael Martin in 21st Century Health Ventures, a firm that reportedly invested some $10 million for HealthSouth.
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  Hicks was once a member of the board.

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  Arkansas Democrat-Gazette :: Business - [Cached Version]
  Published on: 8/1/2003    Last Visited: 8/1/2003  

  Will Hicks, 39, vice president of investments, agreed to plead guilty to conspiracy to make false statements to auditors and maintaining false records, the government said.
  
  Botts could face up to 10 years in prison and fines of $500,000, while Hicks could receive a maximum five years imprisonment and a $250,000 fine.
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  Martin said Botts and Hicks were cooperating with investigators, as were the company and everyone who has pleaded guilty to date.
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  Hicks is a former health-care analyst who issued reports on HealthSouth and then came to work for the company.He was part of a scheme to cover up a $13 million investment in assisted-living centers that became "virtually worthless," Martin said.
  
  From 1996-99, Hicks also was a principal, along with fired HealthSouth chief executive officer Richard Scrushy and former chief financial officer Michael Martin, in 21 st Century Health Ventures, a company that reportedly invested about $10 million for HealthSouth.

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  Boston Globe Online / Business / Mining for database... - [Cached Version]
  Published on: 7/17/2002    Last Visited: 7/17/2002  

  "As a large provider of health-care services, you have an obligation to your patients to improve the quality of medical care," said Will Hicks, vice president at HealthSouth."Anything we can do to help encourage that our data is translated into information that brings different therapeutic options to our patients, ultimately improves the quality of their care."
  
  The undertaking raises some thorny issues, however.Industry insiders say it can be difficult to gain accurate insights from medical records.Crucial information may be missing or decisions made by doctors in choosing therapies may bias the results of an analysis, leading to conclusions that run counter to the truth.
  
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  Hicks of HealthSouth acknowledges that much remains to be seen about the project with AnVil.He is unsure of what conclusions might be drawn from the data or how they might ultimately be applied or how much revenue the project might generate.HealthSouth will pay AnVil a fee for the analysis, and the companies will share in any revenues generated from selling the results to industry researchers.
  
  To protect patients' privacy, the records will be stripped of any information that would identify particular individuals.And only insights gained from the data, not the data itself, will be sold to pharmaceutical and biotech companies - a distinction Hicks believes largely eliminates the ethical concerns.
  
  Despite the uncertainty, Hicks believes the undertaking is worthwhile.HealthSouth runs a nationwide network of outpatient surgery centers, diagnostic imaging clinics, and rehabilitative services, treating between 1 million and 2 million patients a year.Given that amount of data, the potential exists to answer questions about the safety and effectiveness of drugs in a way that can not be replicated in clinical trials.

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  Business: Enterprise Florida chief finalists chosen - [Cached Version]
  Published on: 9/23/2005    Last Visited: 9/23/2005  

  Propst also sentenced former HealthSouth investments vice president Will Hicks to two years of probation.

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  CNN.com - Two more HealthSouth executives to plead... - [Cached Version]
  Published on: 7/31/2003    Last Visited: 8/1/2003  

  Will Hicks, 39, vice president of investments, agreed to plead guilty to conspiracy to make false statements to auditors and maintaining false records.

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  Citizen Works - - - - [Cached Version]
  Published on: 9/2/2003    Last Visited: 4/16/2008  

  - Will Hicks, the former company vice president, last week admitted to telling auditors that HealthSouth had a $13 million stake in assisted-living centers, even though he knew the stake was virtually worthless.

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  DesMoinesRegister.com - [Cached Version]
  Published on: 9/23/2005    Last Visited: 9/26/2005  

  Separately, former HealthSouth investments Vice President Will Hicks was sentenced to two years of probation, three months of house arrest and $52,600 in forfeitures, fines and court assessments for his role in the fraud.

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  Ex-HealthSouth CFO Smith gets 27 months in prison -... - [Cached Version]
  Published on: 9/22/2005    Last Visited: 9/23/2005  

  Earlier in the day Propst also sentenced Will Hicks, a former vice president of investments at the company, to three months of home detention and two years of probation for his role in fraud.

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  Fourteenth former HealthSouth executive pleads guilty... - [Cached Version]
  Published on: 8/28/2003    Last Visited: 8/29/2003  

  Will Hicks, who was vice president of investments at HealthSouth and was responsible for managing its investment portfolio, was charged with conspiracy to make false statements to auditors and maintain false books and records.
  
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  U.S. District Court Judge Robert Propst asked Hicks repeatedly whether he would like the judge to accept the guilty plea.
  
  "Yes your honor, I wish you to accept my plea of guilty," Hicks replied to the judge.
  
  Ira Lee Sorkin, Hicks's attorney with Carter Ledyard & Milburn in New York, said outside the courtroom that Hicks was ordered not to tell the auditors about the true value of an assisted living facility investment that HealthSouth had made.
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  "He [Hicks] feared for his job if he did not do this," Sorkin said.
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  As part of his plea agreement, Hicks will cooperate with prosecutors, Sorkin said.

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