SunStar announces restatement of financials.(Brief Article)

HEATHROW -- SunStar Healthcare Inc. says it will restate its previously filed financial statements for the nine-month period ending Sept. 30, 1999, which will reflect losses totaling approximately $8 million to $10 million.

The restatement reflects the preliminary results of a statutory audit of SunStar's capital as of Sept. 30 currently being prepared by KPMG LLP.

The company already is under regulatory scrutiny by the Florida Department of Insurance, including circuit court litigation, arising …