Albuquerque Journal (Albuquerque, NM)

Sun Reports A Losing Quarter.(Final)

Byline: Winthrop Quigley Journal Staff Writer

Nursing Home Operator Says It May Have To Quit

Cash flow problems continued to plague Sun Healthcare Group in its first quarter, prompting the company to warn that it may not be able to continue in business.

Sun does not have "adequate liquidity or available sources of financing" to meet its contractual obligations and settle liabilities, the company said in its quarterly report to the U.S. Securities and Exchange Commission.

"These factors raise substantial doubt about our ability to continue as a going concern," Sun's report said.

Sun employs about 300 people in its Albuquerque operations. …

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