Sun Healthcare Group, Inc. (SUNH) Announces 2008 Guidance
Sun Healthcare Group, Inc. (SUNH) announced guidance for 2008 and affirmed its 2007 guidance announced on Oct. 31, 2007. This 2008 guidance is based on the continuing operations of the company and assumes an effective income tax rate of approximately 40 percent. This guidance also assumes, among other things, no additional acquisitions or dispositions, a continued stable Medicare reimbursement environment and no net changes in the Medicaid environment. Capital expenditures, including maintenance capital expenditures for the facilities, IT capital expenditures and costs for currently planned build-outs of our Rehab Recovery SuitesSM, are expected to be in the range of $45…