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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (9691)	8/1/2011 10:25:00 AM
From: chowder	Read Replies (1) of 34328

LOS ANGELES (MarketWatch) -- A slew of skilled nursing facilities and health-care real estate investment trusts took a beating in early trading Monday after the Centers for Medicare and Medicaid Services announced on Friday an 11.1% cut in fiscal 2012 payments. Hardest hit was Sun Healthcare Group Inc. , which lost 56% of its value to $3.06 a share. Skilled Healthcare Group Inc. tumbled 38% to $5.41, while Kindred Healthcare Inc. , plummeted by 26% to $13.85 and Ensign Group Inc. fell 23% to $21.79. The carnage reached the health-care real estate investment trusts like Health Care REIT Inc. , down more than 7% to $48.96 and HCP Inc., off 5% to $34.82.

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