GE Capital Facilitates Genesis’ Purchase Of Sun Healthcare Group

Circle Connections: Mergers & Acquisitions GE Capital, Healthcare Financial Services, an operating unit of General Electric Company, has recently facilitated the acquisition of the Sun Healthcare Group Inc. by Genesis HealthCare. The company acted as an administrative agent on an asset-based revolving credit facility worth $400 million, and as a syndication agent on a $325 million cash flow term loan credit facility, both of which were utilized to fund the acquisition. Kennett Square, Pennsylvania based Genesis is one of the largest skilled nursing and rehabilitation therapy providers in the U.S. With about 80,000 employees, the company has . . .