How industry stocks fared from 9/1/99 through 9/30/99
September was the worst month of 1999 for long term care investors. The Raymond James LTC Index declined 8.3%, while Russell 2000 dropped only 1% and the NASDAQ Composite rose 2%.
Vencor filed for Chapter 11 bankruptcy protection. Year-to-date, the stock prices of four nursing home operators--Integrated Health, Mariner Post-Acute, Vencor, and Sun Healthcare--fell 90%.
Company Gain/ Closing Loss price Brookdale Living +11.1% $14.38 (NASDAQ:BLCI) Sunrise Assisted Living +6.5% $26.56 (NASDAQ:SNRZ) Regent Assisted Living +2.2% …