Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Jefferies Downgrades Genesis Healthcare

Jefferies downgrades Genesis Healthcare (GHCI) and Kindred Healthcare (KND) to hold from buy.

Analyst Frank Morgan believes there is an increasing likelihood of removal of Medicare add-on payments (aproximately $30 per Medicare day) may be part of CMS's fiscal 2006 proposed rule. He says the rule will be issued in late April/early May, and will be subject to a 60-day comment period.

While the industry is expected to lobby against the cut, he thinks uncertainty should make stock performance difficult through the summer. He believes it is highly unlikely we'll see any share price appreciation from Genesis Healthcare and Kindred Healthcare until there is better visibility on the issue.

Morgan cuts Genesis's $45 target to $36 and Kindred's $36 target to $33.

blog comments powered by Disqus