Skilled Health Care Group
Two major long-term care hospital operators saw their stocks rise upon news that planned payment cuts will be phased in over time.
A settlement in the year's most eye-popping nursing home-related lawsuit is expected to be finalized Tuesday in California's Humboldt County Superior Court. That's where Skilled Healthcare Group hopes to receive final approval for a $50 million settlement in a class action lawsuit that threatened to hurtle the provider into bankruptcy proceedings. A jury made national headlines earlier this year when it slammed the chain with a $677 verdict for its role in the case, which alleged short-staffing at 22 California facilities.