Aug. 1, 2011, 9:41 AMShares of health-care providers tumble after Medicare announced late Friday that it will cut payment rates to skilled nursing facilities by 11.1% next fiscal year. The decision adjusts for an "unexpected spike" in nursing-home payments this fiscal year. SUNH -54.3%, KND -25.5%, SKH -39.2%, FVE -8.5%, ENSG -16.9%, SRZ -2.9%, NHC -12%, AMED -2.3% (earlier). | Aug. 1, 2011, 9:41 AM | 2 Comments
National Healthcare Corp is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. It provides sub-acute and post-acute skilled nursing care, senior living and home health care services.
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