FierceHealthcareFierceHealthITFierceHealthFinanceFierceEMRHospital ImpactFierceMobileHealthcare   FiercePharma

Genesis HealthCare to go private

Tools
Tags
nursing homes
nursing home

A joint venture of private equity firms will pay $1.25 billion to acquire nursing-home operator Genesis HealthCare. Publicly traded Genesis said Tuesday that its management accepted the offer of $63 cash per share and assumption of $450 in debt made by a joint venture led by Formation Capital and JER Partners. The venture is the same one that bought Tandem Health Care last summer. The deal would leave Manor Care as the last publicly traded owner-operator of nursing homes in the United States, according to a Bear Stearns analyst.

For more information:
- read the Philadelphia Inquirer's report

Bookmark and Share
Get Your FREE FierceHealthcare Email Newsletter:
Be the first to comment

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.