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April 5, 2011

Formation Capital Concludes Sale of Genesis HealthCare Corporation Real Estate to Health Care REIT

Alpharetta, 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, 2011

Formation Capital Announces New CEO

Formation 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, 2011

Genesis 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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