Sun Healthcare Group begins trading on the NASDAQ
Sun Healthcare Group began trading its stock again on the NASDAQ exchange Wednesday under the ticket SUNH. The Irvine, CA-based company raised more than $52 million in February with a private placement of common stock and warrants that allow purchase of common stock.Sun filed for Chapter 11 bankruptcy protection in October 1999 and then emerged in February 2002. The company was formerly listed on the New York Stock Exchange.
"Listing our stock on this national exchange will promote the visibility of the company and improve the liquidity of our stockholders' investments," said CEO Richard Matros.