Genesis HealthCare to be Acquired by Formation Capital and JER Partners.

0 Comments | M2 Presswire, January, 2007

M2 PRESSWIRE-17 January 2007-Making The Watchlist: Genesis HealthCare to be Acquired by Formation Capital and JER Partners(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:17012007 Genesis HealthCare Corporation (Nasdaq: GHCI) is one of the nation's largest long-term care providers with over 200 skilled nursing centers and assisted living residences in 13 eastern states.

Genesis also supplies contract rehabilitation therapy to over 600 healthcare providers in 20 states and the District of Columbia. At the time of writing shares are up 16 with over 2.6 million in volume. This momentum comes as Genesis HealthCare Corporation ("GHC") (Nasdaq: GHCI) announced that it has entered into a definitive agreement to be acquired, in an all-cash transaction for $63.00 per...

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