Skilled Health Care Group

Long-term care hospital operators benefit from CMS payment reduction phase-in


Two major long-term care hospital operators saw their stocks rise upon news that planned payment cuts will be phased in over time.

Skilled Healthcare's $677 million verdict to be officially dropped to $50 million with settlement

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.