Genesis ElderCare Corp. and The Multicare Companies Inc. Complete Merger.KENNETT SQUARE, Pa.--(BUSINESS WIRE)--Oct. 10, 1997--Genesis ElderCare Corp. announced Friday that as of Oct. 10, 1997, The Multicare Companies Inc., had been merged with a wholly-owned subsidiary of Genesis ElderCare Corp. As a result, each share of common stock of Multicare not previously purchased in Genesis ElderCare Corp.'s tender offer which expired at 7 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Wednesday, Oct. 8, 1997 had been converted into the right to receive $28.00 in cash. Genesis ElderCare Corp. was formed by Genesis Health Ventures Inc. (NYSE NYSE See: New York Stock Exchange :GHV GHV Genesis Health Ventures, Inc. GHV Gross Heating Value (relationship between volume and corresponding amount of energy for gas) ), The Cypress Group L.L.C. and TPG Partners II, L.P. to acquire Multicare. CONTACT: Genesis Health Ventures Inc. George V. Hager, Jr., Senior V.P. & CFO See Chief Financial Officer. 610/444-6350 |
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