On Friday Medicare announced plan to reduce payments to skilled-nursing facilities by 11.1% for fiscal 2012, cutting $3.87 billion out of the spending plan.
Sun Healthcare Group Inc. (SUNH) has been beaten down for an over 56% on this Medicare’s update. With $75M market cap (as of today) & ~$2B in revenues Sun Healthcare Group Inc. (SUNH) is heavily under-valued.
Sun Healthcare Group Inc.
18831 Von Karman
Irvine, CA 92612
Through its subsidiaries, Sun Healthcare Group, Inc. is a leading U.S. healthcare provider, delivering healthcare products and services to thousands of people every day. Sun and its subsidiaries now employ more than 35,000 people in the United States.