BLHG, Fast Track Growth in China Message Board

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Microcap & Penny Stocks : BLHG, Fast Track Growth in China

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To: campe who wrote (3668)	7/15/1999 12:05:00 AM
From: Dantex2	Read Replies (2) of 4080

GJC, MPN got nailed by Medicare cuts, plain and simple. Thats what crucified the stock price. They own 600 + - nursing homes. Could have bought this thing @ 9/32 the other day. Now a buck but trickled down again? I like them because they are pushing these LTAC (Long Term Acute Care) facilities. I think they now own 13 of them. LTAC's operate as free standing hospital's and are DRG exempt. This means they are paid by medicare and private insurer's based on a daily fee. Because the patient is long term, they can stay in the facility indefinately, or until improvement or death. The average patient stay is 25 days + . The reimbursement for these stay's ranges from 500 to 750 daily. This "Specialty" licensure is one of they few things in healthcare that hasn't been nailed by Congressional cuts. Because they are so profitable, MPN is now placing these LTAC's in other hospital's. Kinda like a hospital within a hospital with it's own Board of Director's, which is mandatory. They have 2 going into 2 Columbia facilities as we speak. Will call Yoda in the am. Dan

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