News Report | July 30, 2007
In $125 Million Deal, Formation Capital & JER Partners Acquire Genesis HealthCare Corporation & Take It Private
July 30, 2007
In $125 Million Deal, Formation Capital & JER Partners Acquire Genesis HealthCare Corporation & Take It Private On July 13, 2007, Formation Capital and JER Partners acquired Genesis HealthCare Corporation for $125 million, in a deal which took the company to private ownership status. The deal included more than 200 skilled nursing home centers and assisted-living residences in 13 Eastern states. The facilities will be operated under the Genesis name and Genesis HealthCare will be operated as a privately held, independent company. Genesis HealthCare shareholders approved the move on May 30, 2007. The transaction is . . .