Kindred (KND), Skilled (SKH) and Sun Healthcare (SUNH) Expected To See Pressure on CMS Rate Cut


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August 1, 2011 7:35 AM EDT Send to a Friend
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Price: $14.00 +0.86%

Rating Summary:
    6 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Analysts at Jefferies expects Kindred Healthcare, Inc. (NYSE: KND), Skilled Healthcare Group, Inc. (NYSE: SKH) and Sun Healthcare Group Inc. (NASDAQ: SUNH) to trade down sharply today after CMS issued final FY12 payment update on Friday that cuts Medicare SNF rates by 11.1% on October 1, 2011.

"We could see KND fall to the $12-$13 range, SKH to $6-$7, and SUNH to $2-$3. We expect to get more company-specific details when SKH and SUNH hold their Q2 earnings calls on Tuesday."

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Comments

Bac
Michael Calaizzo on Aug 1, 2011 03:28 PM
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What a bank.

Earnings
Michael caliazzo on Aug 1, 2011 03:27 PM
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What about KND?

PREIT
Michael Caliazzo on Aug 1, 2011 03:26 PM
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The best stock buy anywhere.


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