Skilled Healthcare Group, Inc. Investor Investigation over possible securities violations

Shareholders Foundation, Inc., Mail@ShareholdersFoundation, www.ShareholdersFoundation.com

2009-06-16 18:17:21 - Investigation on behalf of certain investors of Skilled Healthcare Group, Inc. (Public, NYSE:SKH) over possible securities violations by Skilled Healthcare Group – Contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com

SAN DIEGO, CA (Shareholders Foundation) – An investigation on behalf of Skilled Healthcare Group, Inc. (Public, NYSE:SKH) investors, who purchased shares of Skilled Healthcare Group (NYSE:SKH) between January 1, 2006 through March 31, 2009, over potential claims against Skilled Healthcare Group, Inc concerning possible securities violations was announced.

If you purchased shares of Skilled Healthcare Group (NYSE:SKH) between January 1, 2006 through March 31, 2009, you have certain options and you should contact the Shareholders Foundation, Inc at Email: mail(at)shareholdersfoundation.com or call us at: +1 (858) 779 - 1554. According to the investigation by a law firm the investigation focuses on potential shareholder claims against Skilled Healthcare Group, Inc concerning possible securities violations related to public statements made by Skilled Healthcare concerning its financial performance for the annual and quarterly periods between January 1, 2006 and March 31, 2009. Further, Skilled Healthcare announced that its preliminary review indicated there would be cumulative charges against after-tax earnings of between $8 and $9 million over the affected periods. The investigation focuses on allegations that Skilled Healthcare issued inaccurate financial statements between January 1, 2006 and March 31, 2009. On June 10, 2009, Skilled Healthcare announced that its previously reported financial results for the fiscal and quarterly periods from January 1, 2006 through March 31, 2009 should no longer be relied upon and must be restated because the Company understated reserves for its accounts receivable. As a result of this news, shares of Skilled Healthcare declined more than 9%, to close at $7.58 per share on June 10, 2009. Skilled Healthcare Group, Inc. (Public, NYSE:SKH) reported a total revenue of $634.61million with a net income of $17.15million in 2007 and total revenue of $733.33million with a net income of $37.21million in 2008. Skilled Healthcare Group, Inc. is a provider of integrated long-term healthcare services through its nursing companies and rehabilitation therapy business. Skilled Healthcare Group also provides other related healthcare services, including assisted living care and hospice care. Skilled Healthcare Group is located in Foothill Ranch, California. Shares of Skilled Healthcare Group (NYSE:SKH) traded recently at $6.52 per share, down from a 52weekHigh of $ 17.17per share.