Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Novacare (NOV) breaking out... -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (387)	4/9/1999 10:50:00 AM
From: George S. Montgomery	Read Replies (1) \| Respond to of 420

Dear JO: Briefly, I am glad you did your post. I am glad I acted on it. I thank you for the information. As follow-up postings have confirmed, this seems to be a long term situation - and long term ain't my game at this time. Best, gsm

To: Jim Oravetz who wrote (387)	4/27/1999 12:56:00 PM
From: Jim Oravetz	Respond to of 420

PHYSICAL THERAPISTS, once heavily recruited, now ask for jobs. Cuts in therapists' slots result from decreased Medicare reimbursement for outpatient care. Allied Consulting Inc., an Irving, Texas, health-care staffing group, reports its physical-therapy job searches in 41 states plunged to seven in 1998 from 161 in 1997. About 18 months ago, physical therapists were at full employment, says the American Physical Therapy Association. Today, 3% are out of work. Jobs are moving back to lower-paying hospitals from outpatient centers and nursing homes. Parkland Health and Hospital System, the Dallas county hospital, has no vacant physical-therapist spots for the first time in 17 years. NovaCare Inc., King of Prussia, Pa., the largest provider of contract therapists to nursing homes, plans a cut of up to 35% in its stable of 7,000 therapists by June. Mike Yuengling, formerly a contract therapist for another agency, looked for seven months before landing full-time work in a rehab center near Philadelphia, at a salary "less than what I expected," he says. "But I'm grateful."