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 […]
Sun Healthcare Group
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 […]
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 […]
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 […]