SOURCE: Sun Healthcare Group, Inc.

May 01, 2008 08:30 ET

Sun Files Registration Statement for Future Offering

IRVINE, CA--(Marketwire - May 1, 2008) - Sun Healthcare Group, Inc. (NASDAQ: SUNH) announced that it has filed a universal shelf registration statement relating to the possible sale from time to time in one or more offerings of up to $200.0 million of debt securities, common stock, preferred stock and warrants or any combination thereof. Sun has no current plans to issue any of these securities at this time but may do so in the future. Once declared effective by the SEC, the shelf registration statement would provide Sun increased flexibility and more control over the timing of any such sale of securities to meet both market and strategic opportunities. At the time of any such offering, Sun would establish the terms, including the pricing of any such registered securities, and describe in its filed prospectus or prospectus supplement how the proceeds from the sale of any such securities would be used.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

About Sun Healthcare Group, Inc.

Sun Healthcare Group, Inc., with executive offices in Irvine, California, owns SunBridge Healthcare Corporation and other affiliated companies that operate long-term and postacute care centers in many states. In addition, the Sun Healthcare Group family of companies provides therapy through SunDance Rehabilitation Corporation, hospice services through SolAmor Hospice and medical staffing through CareerStaff Unlimited, Inc.

Cautionary Note Regarding Forward-Looking Statements

Statements made in this release that are not historical facts are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These forward-looking statements may include, but are not limited to, statements containing words such as "anticipate," "believe," "plan," "estimate," "expect," "hope," "intend," "may," and similar expressions. Factors that could cause actual results to differ include, but are not limited to, the company's ability to successfully cause the universal shelf registration statement to be declared effective by the SEC. Other risks and uncertainties are identified in the public filings made by the company with the Securities and Exchange Commission, including our Annual Report on Form 10-K, a copy of which is available on Sun's web site,

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