News & Events
April 5, 2011Formation Capital Concludes Sale of Genesis HealthCare Corporation Real Estate to Health Care REITAlpharetta, GA, April 5, 2011 -- Formation Capital (Formation), a leading investor in the seniors housing and health care industry, announced the completion of the $2.4 billion disposition of Genesis HealthCare Corporation’s (Genesis) real estate assets to Health Care REIT on April 1, 2011. Health Care REIT acquired 147 post-acute, skilled nursing and assisted living facilities located in 11 states in the Northeast and Mid-Atlantic and will lease the operation and management of the facilities back to Genesis through a long-term, triple-net lease. |
April 1, 2011Formation Capital Announces New CEOFormation Capital (Formation), a leading investor in the seniors housing and health care industry today announced the hiring of Brian Beckwith as Chief Executive Officer, effective April 18, 2011. |
February 28, 2011Genesis HealthCare Announces Acquisition of its Real Estate Assets by Health Care REIT, Inc.Kennett Square, PA, February 28, 2011….Genesis HealthCare (Genesis), a leading provider of short-term post-acute, rehabilitation, assisted living and long-term care services, along with its owners Formation Capital and JER Partners, today announced that Health Care REIT, Inc. (HCN), a health care real estate investment trust has signed a definitive agreement to acquire substantially all of Genesis’ real estate assets for a purchase price of $2.4 billion. |
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