Oppenheimer Maintains Underperform Rating on Sun Healthcare Group

A report from Oppenheimer reiterates it Underperform rating on Sun Healthcare Group SUNH. The report states, “Adjusted results exclude a $317.1M non-cash charge related to the 2012 Medicare rate cuts, as well as a $2.4M restructuring charge tied to the mitigation efforts. The reimbursement headwinds persist for the industry, and we will await the call to see if management can shed more light with more than a month under the new reimbursement system." SUNH closed yesterday at $2.50.