Deluge of deals; Major players show their cards.(The Week in Healthcare)(Genesis HealthCare Corp.)(Ventas Inc.)

Modern Healthcare, January, 2007 by Zigmond, Jessica

Byline: Jessica Zigmond

A flurry of healthcare company deals worth close to $12 billion was announced last week signaling strong interest in businesses providing long-term and senior care for two of the deals.

Long-term-care provider Genesis HealthCare Corp. unveiled a $1.7 billion plan to go private through a new joint venture; Ventas, an assisted-living-community operator, announced plans to buy Sunrise Senior Living REIT for $1.8 billion; and General Electric Co. said it would acquire the in-vitro and point-of-care diagnostics businesses of Abbott Laboratories in a deal valued at $8.13 billion.

"Private equity is interested in the (healthcare sector) because it gives them an opportunity to put large dollars toward an area that has sound,...

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