Too little funding. Still in demand. Medicare changes, debt financing puts many in hock. Mariner files for Chapter 11 bankruptcy. Group protests how state spends LTC dollars.
Financier survey a mixed bag for nursing homes.
Sun files for Chapter 11. PPS not only reason for industry's fiscal turbulence. Top priorities not the same. 35 Nursing home spendig expected to rise. As PPS reduces Medicare rates, facilities begin layoffs.