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S & P sees 'positive' outlook for Skilled Healthcare

Tue, 03/22/2011 - 2:45pm
The Associated Press

Standard & Poor's Ratings Services on Tuesday raised the outlook for nursing home operator Skilled Healthcare Group Inc. to "positive" from "stable" and affirmed its "B" corporate credit rating.

S&P said the company's operating prospects are improving. Revised Medicare payment classifications outweigh its exposure to Medicaid budget pressures, analyst David Peknay wrote.

The company's credit rating, which is non-investment grade, could be upgraded within a year if it can sustain its higher profit margin, Peknay wrote.

Shares of the Foothill Ranch, Calif.-based company fell 5 cents to close at $13.02.

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