UPDATE 3-Skilled Healthcare to restate results, shares down

* To restate results due to accounting errors

* To take a charge of $8-$9 million

* Cuts 2009 profit view due to restatement

* Shares fall as much to a new 52-week low (Recasts lead, adds analyst's comments, updates stock movement)

By Shailesh Kuber

BANGALORE, June 10 (Reuters) - U.S. nursing home operator Skilled Healthcare Group Inc (SKH.N) cut its profit view for the year as it expects to restate results for periods from Jan. 1, 2006 to March 31, 2009 due to improper dating of accounts receivables by a former employee.

Shares of the company fell as much as 10.5 percent to touch a new 52-week low of $7.46 on the New York Stock Exchange.

Leerink Swann analyst Jason Gurda said while Skilled Healthcare shares appear cheap, the stock may be challenged in the near-term due to cuts to Medicare and Medicaid reimbursement.

However, over the next 12 months, Gurda expects the stock to trade in a range of $11-$12.

Skilled Healthcare, which also provides hospice services, lowered its profit view for the year to $1.02-$1.08 a share, from its prior view of $1.08-$1.14 a share.

"It's a surprise obviously. They have lowered their guidance by 6 cents for the year, so there is obviously going to be an earnings impact," Morgan Keegan analyst Robert Mains said by phone.

Skilled Healthcare said it expected the understatement to require charges of about $8-$9 million over the affected periods against after-tax earnings.

The company, which identified the error through an internal review of reserves for accounts receivable, said the former employee appeared to act in ways inconsistent with its accounting policies and practices.

The company added that it had started an investigation into the areas in which the former employee was involved.

Shares of the company were down 8.6 percent at $7.62 in afternoon trade on the New York Stock Exchange. (Additional reporting by Esha Dey in Bangalore; Editing by Dan Lalor, Himani Sarkar, Jarshad Kakkrakandy)