Nursing-home operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value Monday after Medicare said it would reduce reimbursement rates to those facilities by 11.1% over the next fiscal year.
WSJ.com: What's News US, Wall Street Journal
Mon, 08/01/2011 - 9:51am
Nursing-home operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value Monday after Medicare said it would reduce reimbursement rates to those facilities by 11.1% over the next fiscal year.