The Company is a provider of integrated long-term healthcare services through its skilled nursing facilities and rehabilitation therapy business. It also provides other related healthcare services, including assisted living care and hospice care.
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Humbolt jury hits Skilled Healthcare with a 660 million dollar verdict - more than they can afford to pay,; also well over insurance coverage. When the jury comes back with the punitive damages verdict, the life spport systems on this company will be pulled.
This is only the tip of the iceberg, plan on seeing mulitiple lawsuits in New Mexico which has a history of huge verdicts over 50 million. These guys wanted to use the previous owners Medicare/Medicaid numbers for billing. Lastly healthcare meana taking care of patients. Facility budget cuts were enforced even though hundreds of thousands of dollars were mispent on rennovations for the fleecing of Med A. Key company officials were fired for showing corporate not management company behaviors. It's a shell game and the clock is ticking.