Do Nursing Home facilities belong on Wall Street? BD
Skilled Healthcare Group Inc. hasn’t set Wall Street on fire in its first six months as a public company. That doesn’t bother its top official.
“If you’re a newly traded company (investors) will want to watch a couple of quarters to make sure you’re going to hit your numbers before they get wild about your stock,” Chief Executive Boyd Hendrickson said. “We feel really good about the company, and we feel good about the decision to go public.”
Skilled, a Lake Forest-based nursing home company, went public in May, raising nearly $120 million for the company. Shareholders sold another $120 million worth of stock in the offering.