Under terms of the agreement, Genesis will acquire Sun for $8.50 per share of common stock in cash. Following the announcement, Sun shares leaped Thursday.
Termination on the table for Genesis HealthCare employees who don’t get vaccinated against COVID
By
Danielle Brown
Aug 04, 2021
Employees at the nation’s largest nursing home chain could be fired if they don’t get the COVID-19 vaccine under a new policy announced by the company late Monday.
Genesis closes Skilled Healthcare purchase
Feb 03, 2015
Genesis HealthCare completed the acquisition of Skilled Healthcare Group on Monday. The combined company will have a new NYSE ticker symbol (GEN) and operate under the name Genesis Healthcare Inc.
Court upholds decision that limits payments for therapy
By
Elizabeth Newman
Sep 01, 2011
A federal court ruled in favor of a fiscal intermediary’s decision to exclude the allocation of nursing administration costs to therapy costs in Medicare reimbursements for 30 skilled nursing facilities.
State supreme court revives nursing home whistleblower retaliation case
By
Dec 17, 2015
A former nursing home employee who claims she was fired for raising staffing and safety concerns will have her case heard by a jury, the Maine Supreme Judicial Court ruled on Tuesday.
Genesis Health System selects Orion for facilities
Dec 22, 2010
Genesis Health System has selected the Orion Health Rhapsody Integration Engine. The platform will be used to migrate, manage, and streamline message exchange between 75 clinical and business systems,...
Welltower dumping most Genesis HealthCare holdings in $880 million deal, strengthens ProMedica joint...
By
Danielle Brown
Mar 03, 2021
Welltower is cutting most ties with beleaguered Genesis HealthCare, the company announced late Tuesday.
Formation completes purchase of Genesis
By
Haymarket Media
Jul 17, 2007
The private equity joint venture between Formation Capital LLC and JER Partners completed the acquisition of Genesis HealthCare Corp., for $2 billion, according to the buyer.
Bidding war for Genesis rages on
By
Haymarket Media
May 14, 2007
The board of Genesis HealthCare Corp. is expected to vote Friday to sell the company to a private equity joint venture for $67.50 per share. But a rival bidder could still steal the day.
Suitor increases bid for Genesis
By
Haymarket Media
May 01, 2007
Fillmore Capital Partners LLC ratcheted up its bid for Genesis HealthCare Corp., raising its proposal price to $65.25 per share, or about $1.28 billion, from $64.75 per share.