Brower Piven Encourages Investors Who Have Losses in Excess of $150,000 From Investment in Skilled Healthcare Group,

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Thu Jul 30, 2009 4:47pm EDT

  BALTIMORE, MD, Jul 30 (MARKET WIRE) -- 
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Central District of California on behalf of purchasers of the common
stock of Skilled Healthcare Group, Inc. ("Skilled Healthcare" or the
"Company") (NYSE: SKH) during the period between May 14, 2007 and June 9,
2009, inclusive (the "Class Period").

    No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than September 22,
2009 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class
in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/986-0036) to answer any questions you may have in that regard.

    The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 and of the Securities Act of 1933 by virtue of the
Company's failure to disclose in the Registration Statement for the
Company's initial public offering and/or during the Class Period that the
amount of its income for the annual and quarterly periods from January 1,
2006 through March 31, 2009 was overstated. According to the complaint,
on June 9, 2009, after the Company revealed that the Company's financial
statements for the annual and quarterly periods between January 1, 2006
and March 31, 2009 could no longer be relied upon and would have to be
restated due to errors discovered relating to its accounting for reserves
on its accounts receivable prompting cumulative charges against after-tax
earnings estimated to be about $8 to $9 million, the value of Skilled
Healthcare Group's stock declined significantly.

    If you have suffered a net loss for all transactions in Skilled Healthcare
Group, Inc. common stock during the Class Period, you may obtain
additional information about this lawsuit and your ability to become a
lead plaintiff by contacting Brower Piven at www.browerpiven.com, by
email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower
Piven, A Professional Corporation, The World Trade Center-Baltimore, 401
East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at
Brower Piven have combined experience litigating securities and class
action cases of over 40 years. If you choose to retain counsel, you may
retain Brower Piven without financial obligation or cost to you, or you
may retain other counsel of your choice. You need take no action at this
time to be a member of the class.

    

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact

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