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.
Discrimination lawsuit costs nursing home $900,000
By
Haymarket Media
Apr 30, 2007
A New York nursing home accused of racial discrimination by employees agreed to a $900,000 settlement, according to the U.S. Equal Employment Opportunity Commission.
Two major long-term care transaction developments occurred Thursday. The board of Genesis HealthCare Corp. said it will enter into discussions with a new bidder. Meanwhile, Ventas Inc. reported completing...
Rival suitor issues higher bid for Genesis
By
Haymarket Media
Apr 26, 2007
A competing bidder has topped a joint venture company’s offer for Genesis HealthCare Corp.
Sunrise suspends CFO with pay
By
Haymarket Media
Apr 26, 2007
Sunrise Senior Living Inc., which has been beset by allegations of insider trading, Wednesday said it suspended its chief financial officer with pay.
Sunrise REIT sold for $1.97 billion
By
Haymarket Media
Apr 20, 2007
The board of Sunrise Real Estate Investment Trust Thursday approved the sale of the company to Ventas Inc. The $1.97 billion purchase follows weeks of court filings and negotiations.
Advisors tell stockholders to accept new Ventas offer
By
Haymarket Media
Apr 18, 2007
A leading independent voting advisory service has “strongly” recommended that Sunrise Senior Living Real Estate Investment Trust shareholders accept an amended purchase offer from Ventas Inc.,...
Genesis defends itself against flawed-bidding allegations
By
Haymarket Media
Apr 16, 2007
Shareholders of Genesis HealthCare Corp. are scheduled to vote this week on whether to approve the $1.7 billion sale of the company amid allegations that an unfair bidding process greased the transaction.
Manor Care prepping for a sale?
By
Haymarket Media
Apr 12, 2007
The nation’s largest nursing home chain plans to retain investment bank JPMorgan. Manor Care Inc. said the move will help it make better strategic moves in the months ahead. Analysts noted that Manor...
Ventas sweetens Sunrise REIT offer by 10%
By
Haymarket Media
Apr 12, 2007
Ventas Inc. and Sunrise Real Estate Investment Trust have agreed to amend the purchase price of Sunrise REIT to $2.28 billion Canadian or $1.97 billion in U.S. dollars. That means Ventas will pay 10% more...