The new health care bill announced by Senator Max Baucus (D. Mont), chairman of the Senate Finance Committee is a really welcome step. The lower than expected Medicare cuts in the reform policy has already shown a positive impact in the share market with the share prices of Skilled Healthcare and Ensign Group Inc.- two leading names among nursing home operators showing a rise.

The shares of Skilled Healthcare – a Foothill Ranch-based company, rose by 8% with a market value of about $322 million on Wednesday, while that of Irvin-based Sun Healthcare group rose up by 5% with market worth of $403 million. Another major nursing home operator, Mission Viejo-based Ensign Group rose by 2% with a market value of $316 million on the same day. With the shares in the health care industry picking up, the economy may be said to be slowly getting out of the dark days of recession.

This entry was posted on Friday, September 18th, 2009 at 1:31 pm and is filed under Venture Capital News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.