Leaders and Laggards.How industry stocks fared from 3/1/99 through 3/31/99 March was an uneven month for the long term care sector as a good earnings report from Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. contrasted markedly with the dire straits Noun 1. dire straits - a state of extreme distress desperate straits straits, strait, pass - a bad or difficult situation or state of affairs of the nursing home group. The Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Long Term Care Index fell 5.6 percent while the NASDAQ Composite The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. increased 7.6 percent and the Russell 2000 inched forward 1.4 percent. The continuing concurrent sagas of Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. billing investigations and PPS (Packets Per Second) The measurement of activity in a local area network (LAN). In LANs such as Ethernet, Token Ring and FDDI, as well as the Internet, data is broken up and transmitted in packets (frames), each with a source and destination address. transition difficulties have battered bat·ter 1 v. bat·tered, bat·ter·ing, bat·ters v.tr. 1. To hit heavily and repeatedly with violent blows. 2. To subject to repeated beatings or physical abuse. 3. the already weary nursing home segment, which is down 45 percent year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. .
Company Gain/ Closing
Loss price
Balanced Care +22.2% $2.75
(ASE:BAL)
Sunrise Assisted Living +18.0% $45.56
(NASDAQ:SNRZ)
Karrington Health +9.6% $13.56
(NASDAQ:KARR)
Centennial Healthcare -38.5% $8.88
(NASDAQ:CTEN)
Vencor -32.3% $1.31
(NYSE:VC)
Sun Healthcare Group -27.3% $1.00
(NYSE:SHG)
Company Key factors
Balanced Care After a brutal February, the company announced
(ASE:BAL) sale-leaseback transactions and a short-term
credit facility to fundthe purchase of a
few of its black box facilities.
Sunrise Assisted Living The company announced a solid fourth quarter
(NASDAQ:SNRZ) with record stabilized occupancy of 95.6%.
The Karrington transaction looks to close in
May, giving Sunrise more time to help turn
the operations of the acquisition around.
Karrington Health As the stock traded on predominantly posi-
(NASDAQ:KARR) tive Sunrise news, Karrington advanced on
light volumes.
Centennial Healthcare The announcement of a federal probe into the
(NASDAQ:CTEN) company's Medicare claims and the
termination of its merger with Welsh Carson
pilloried the stock.
Vencor The possible reinstatement of earnings, talks
(NYSE:VC) of lowering its rent payments to Ventas
(NYSE:VTR), and an auditor's statement
about the company's viability as a "going
concern" spooked investors.
Sun Healthcare Group Violation of bank covenants, revenue
(NYSE:SHG) shortfalls, and an expected large fourth-
quarter 1998 write-off heightened concerns
for the long-term outlook for the company.
SOURCE: RAYMOND JAMES & ASSOCIATES, ST. PETERSBURG, FLORIDA
FOR INFORMATION, CALL JAMES KUMPEL AT 727-573-8178
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