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Strategies & Market Trends : Bankruptcy Predictor Model

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To: Bob Rudd who wrote (188)	3/28/1999 8:21:00 AM
From: Razorbak	Read Replies (1) of 477

Bob: What happened to VC last May? Looks like the stock price dropped over 60% almost overnight! Whatever it was, it must have been significant. Edit: Nevermind, I found it. <<On April 30, 1998, the Company changed its name to Ventas, Inc. and refinanced substantially all of its long-term debt in connection with the spin off of its healthcare operations through the distribution of the common stock of a new entity named Vencor in the Reorganization Transactions. The distribution was effected on May 1, 1998. For financial reporting periods subsequent to the Reorganization Transactions, the historical financial statements of the Company were assumed by Vencor and the Company is deemed to have commenced operations on May 1, 1998. Accordingly, the Company does not have comparable financial results for prior periods.>> Razor

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