Genesis HealthCare sold for $1.7 billion.On January 16, Genesis HealthCare  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Corporation announced that Formation Capital and JER JER Jeremiah JER Joint Ethics Regulation JER Journal of Educational Research JER Jersey, Channel Islands, United Kingdom - States (Airport Code) JER James E Riley (head writer for NBC soaps) Partners will acqire the company in a $1.7 billion deal. In an all-cash transaction for $63 per share, Genesis will keep its name but now operate as a privately held, independent company, according to a Genesis press release. Formation Capital and JER Partners are acquiring more than 200 skilled nursing facilities skilled nursing facility n. Abbr. SNF An establishment that houses chronically ill, usually elderly patients, and provides long-term nursing care, rehabilitation, and other services. and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. residences in 13 states. The transaction value includes Genesis' $450 million of debt, according the release. |
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