Kindred (KND), Skilled (SKH) and Sun Healthcare (SUNH) Expected To See Pressure on CMS Rate Cut
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Price: $9.00 --0%
Rating Summary:
4 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
Rating Summary:
4 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
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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."
"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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