National HealthCare (NHC) declares $0.32/share quarterly dividend, 6.7% increase from prior dividend of $0.30. Forward yield 2.70%. For shareholders of record June 28. Payable Aug. 30. Ex-div date June 26. (PR)
Wal-Mart's (WMT) entry into the primary healthcare provider business promises the sort of disruptive action the industry needs," writes healthcare tech consultant Rip Emerson. Traditional providers, many making newspaper industry mistakes, need to recognize this. "Competition that crushes flawed business models comes from unexpected places."
Shares 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).