Long term care stock prices way down in 1st Q.Healthcare industry share prices increased 19.5 percent for the first quarter of 2000--but long term care providers didn't did·n't Contraction of did not. didn't did not didn't do fare as well: Assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. was down 15 percent for the quarter and nursing homes were down 10.3 percent. HealthCare Markets Group, which performed the analysis, noted that the decline in assisted living "compared to a 69.7 decline for 1999, a 54.8 percent decline through the third quarter of 1999, a 38.6 percent decline for the first-half of 1999, a 27 percent decline for the first quarter of 1999, and a 5.4 percent decline for calendar year 1998. In 1997, segment stock prices increased 50 percent. "Alterra declined 52 percent, 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. Assisted Living declined 4.0 percent, and Capital Senior Living was down 38 percent. CareMatrix was down 48 percent and Brookdale Living Communities was down 11 percent. Emeritus Assisted Living Emeritus Corporation (AMEX: ESC) is a retirement home company based in Seattle, Washington. The company runs assisted living homes for people who may need some help with daily activities but don't need skilled nursing care (offered at a few of its properties). was down 33 percent, while Grand Court Lifestyles declined 40 percent." The 10.3 percent decline in nursing segment stock prices compared with a 69.4 percent decline for 1999, a 65.7 percent decline through the third quarter of 1999, a 47 percent decline for the first-half of 1999, a 43.7 percent decline for the first quarter of 1999, and a 54.9 percent decline for calendar year 1998. Segment stock prices increased 16 percent in 1997. "The prospects of reduced reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. under the Balance Budget Act of 1997 have negatively impacted earnings and share price performance for the segment. Beverly Enterprises declined 16 percent, while Integrated Health Services health services Managed care The benefits covered under a health contract was flat. Genesis Health Ventures was down 67 percent, Extendicare, down 56 percent, and National HealthCare, down 10 percent. Manor Care declined 14 percent. Vencor and Sun Healthcare, both in Chapter 11, have dropped from the radar screen." |
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