State Watch: Long-Term Care News from Around the Nation (10/1/12)

As assisted living regulations evolve, Medicare and Medicaid reimbursements fluctuate, and healthcare reform begins to take effect, many states are facing their own challenges as they continue to develop, operate, and implement new rules and programs. Here is a collection of long-term care related news bites from across the nation. From Tulsa World (Okla.)—Sun Healthcare […]

Genesis HealthCare to Acquire Sun Healthcare in $275 Million Transaction

Genesis HealthCare will acquire Sun Healthcare Group, Inc. (NASDAQ:SUNH) in a $275 million transaction announced on Wednesday. The merger follows a December letter to Sun’s board of directors by the investment manager of one of the healthcare company’s largest investors, calling for a sale to a larger industry player. The combined companies will create the […]

Investor Calls for Sale of “Undervalued” Sun Healthcare Group

Clinton Group, Inc., the investment manager for Clinton Magnolia Master Fund, Ltd. and one of the largest investors in Sun Healthcare Group, Inc. (NASDAQ:SUNH) are calling for the company’s sale in a Dec. 12 letter to Sun’s board of directors. “We are proud owners of the Company and believe the stock is significantly undervalued,” the […]

S&P: Uncertainty Over Medicare Cuts Improves Nursing Home Ratings

Standard & Poor’s Ratings Services removed six nursing home companies’ from CreditWatch, stating uncertainty over the specifics of the mandated 2% cut required as a result of the Budget Control Act of 2011. S&P affirmed the ratings for Drumm Investors LLC (rated ‘B+’), Genoa Healthcare LLC (‘B’), HCR Healthcare LLC (‘B’), Kindred Healthcare Inc. (‘B+’), Skilled […]