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TEXT-S&P likely to pull Sun Healthcare rtgs after deal
June 20, 2012 / 9:52 PM / 5 years ago

TEXT-S&P likely to pull Sun Healthcare rtgs after deal

June 20 - Sun Healthcare Group Inc. (B/Stable/--) announced today
that it has entered into a definitive agreement to be acquired by Genesis
HealthCare Corp. If the transaction is completed, Standard & Poor's Ratings
Services expects all of Sun's existing rated debt to be refinanced. As a result,
upon completion of the transaction, we expect to withdraw our corporate credit
and issue-level ratings on Sun.

Primary Credit Analyst: John Bluemke, New York (1) 212-438-4139;
                        john_bluemke@standardandpoors.com
Secondary Contact: David P Peknay, New York (1) 212-438-7852;
                   david_peknay@standardandpoors.com

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