FOOTHILL RANCH, Calif., Nov. 20, 2013 /PRNewswire/ -- Skilled Healthcare Group, Inc. (NYSE: SKH) today announced that Robert H. Fish, 63, has been appointed to serve as the Company's Chief Executive Officer and as a member of its board of directors. Mr. Fish, who has served in a variety of executive leadership roles in the hospital and long-term care industries over the past 30 years, is succeeding Boyd W. Hendrickson. Mr. Hendrickson, who has served as the Company's Chief Executive Officer since 2002, is retiring effective today but will continue to be available to consult with the Company. "I am very proud of what Skilled Healthcare has achieved since I began working with the Company over a decade ago," said Mr. Hendrickson. "I have enjoyed leading our outstanding team as the Company's assets have grown from roughly 48 skilled nursing and assisted living facilities primarily in California and Texas back in 2002 to where it is today as a diversified leader in the post-acute care profession, with 96 facilities, and successful hospice, home health and rehabilitation therapy companies, operating in 11 states. More importantly, I am proud to have been associated with the thousands of outstanding caregivers and other employees who give so much of themselves day in and day out to ensure that our healthcare companies are able to provide the patients they serve with outstanding care," continued Mr. Hendrickson. "I am happy to be succeeded by such a respected leader as Bob Fish, who is an accomplished veteran of the healthcare profession. He brings to the Company an extraordinary record of delivering quality, performance and shareholder value. I am confident that he has the experience to lead Skilled Healthcare and achieve its full potential. I look forward to seeing the Company's continued success under his leadership in the years to come," said Mr. Hendrickson. "I am excited to have the opportunity to lead this remarkable organization," said Mr. Fish. "The Skilled Healthcare organization has a strong reputation in post-acute care services, and I am honored to be associated with the good work that they are doing. Our nation's healthcare system is more dynamic and stressed now than ever before and Skilled Healthcare is well poised for success and growth in the future. I think that Boyd's leadership has positioned us well to thrive in our rapidly evolving health care delivery system."
Investors eyeing a purchase of Skilled Healthcare Group Inc stock, but tentative about paying the going market price of $8.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $7.50 strike, which has a bid at the time of this writing of 40 cents.