Seniors Housing Weekly Market Update--8/2/11

August 2, 2011

60 Seconds With Steve Monroe 
 

August 2, 2011. The 11.1% average Medicare rate cut for skilled nursing facilities, announced by CMS late last Friday, is severe, especially for an industry where the net profit margins for some of the largest companies are already low. What happens to those companies with a net margin in the range of 1.9% to 5.0%, and that is before the cut, after the October 1 implementation?

 

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Can't Believe It

I can't believe the average actually came out to 11.1%. A few months ago I was skeptical that it would wind up this way. After the way those SN stocks plunged this week, are you expecting a recovery anytime soon?

recovery

The recovery already started a little today, but it will be a tough slog for a while.

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