Ensign Group shares drop after Muddy Waters raises compliance concerns
Shares of Ensign Group, a large post-acute care and skilled nursing facility operator, fell after short-seller Muddy Waters published a report raising concerns about the company's regulatory compliance practices. The allegations are relevant to physical therapy professionals because Ensign operates numerous SNF and rehabilitation settings where PT services are billed to Medicare and Medicaid. Compliance scrutiny of major post-acute operators can affect billing practices, staffing, and oversight across the facilities where PTs work.
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