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Genesis Healthcare, Inc. (GEN)

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Last Post: 9/4/2016 1:36:50 PM - Followers: 2 - Board type: Free - Posts Today: 0
KENNETT SQUARE, Pa., Feb. 2, 2015 /PRNewswire/ -- Genesis HealthCare, LLC, one of the nation's largest providers of skilled nursing and rehabilitation care, today announced that, effective February 2, 2015, it has completed its previously announced combination with Skilled Healthcare Group, Inc. (Skilled Healthcare) (NYSE: SKH). The newly combined company will operate under the name Genesis Healthcare, Inc. (Genesis). The combination adds the skilled nursing facilities, assisted and independent living centers, and hospice and home health agencies operated by Skilled Healthcare's subsidiaries, as well as Skilled Healthcare's Hallmark Rehabilitation business, to the Genesis family.

Under the terms of the agreement, Skilled Healthcare shareholders will collectively own 25.75% of the vote and value of the fully-diluted equity of the combined company. Shareholders who held interests in Genesis will own the other 74.25%. The combined company will be traded on the NYSE with a new ticker symbol of GEN. Headquarters for the combined company will remain in Kennett Square, PA, and George V. Hager, Jr. will be the Chief Executive Officer of the newly-combined company.
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#9   GEN bullish 2.46 stocktrademan 09/04/16 01:36:50 PM
#8   Can you revisit ZAIS please? Would love to pennytrader33 08/08/16 11:02:27 AM
#7   GEN bullish 2.08 stocktrademan 08/08/16 10:31:14 AM
#6   What do others think about this company? I PirateBooty 06/24/16 04:20:59 PM
#5   Next stop one dollar. willlbone 01/26/16 10:58:57 AM
#4   $.45 net move today... deniseann 07/16/15 04:21:36 PM
#3   Moving pretty cautiously yet.. 1st quarter results scheduled deniseann 04/27/15 08:36:43 PM
#2   Followed Skilled Health Care for years... Started this deniseann 02/27/15 01:44:38 PM
#1   New Board... deniseann 02/27/15 01:39:59 PM
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