Sun Healthcare

Outlook brightens: Nursing home companies get improved credit ratings

December 02, 2011

Six nursing home companies have been removed from Standard & Poor's Rating Service downgrade watch.

S&P downgrades nursing home ratings; SNFs lose jobs

August 09, 2011

Ratings agency Standard & Poor's has put all six of its rated for-profit nursing home operators on Credit Watch with a negative outlook.

Providers mull options following plunge in stocks

August 04, 2011

Following news of a planned slash in Medicare reimbursements, skilled nursing facility operators have spent the last few days reassessing their financial strategy.

Provider shares take a hit on news of CMS reimbursement cuts

August 02, 2011

Shares of major skilled nursing facility operator stocks took a nosedive Monday morning following Friday's announcement that the Centers for Medicare & Medicaid Services are cutting Medicare reimbursements to SNFs by 11.1%, starting Oct. 1. Operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value on Monday, according to published reports.

Sun Healthcare reports solid fourth-quarter, annual growth

March 05, 2010

Sun Healthcare on Wednesday reported "respectable" earnings growth of 7.7% for the fourth quarter of last year and 18.3% for 2009 overall. The nation's sixth-largest skilled nursing provider said Medicare payments for higher acuity residents, as well as upticks in its affiliated hospice and therapy businesses, drove results.

Harborside Healthcare to pay $1.4 million settlement in kickback lawsuit

October 12, 2009

Harborside Healthcare has agreed to pay $1.375 million to the United States to settle a lawsuit alleging that the company received kickbacks through a durable medical equipment scam, the Department of Justice announced Thursday.