Genesis Healthcare To Go Private


Formation Capital and JER Partners have agreed to acquire Genesis HealthCare Corp. (Nasdaq: GHCI) for $63 per share. The total deal is valued at $1.7 billion, including the assumption of around $450 million in debt. GHC is a Kennett Square, Pa.-based long-term care provider with over 200 skilled nursing centers and assisted living residences in 13 eastern states. www.genesishcc.com