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. |
February 26, 2011Arnold Whitman to speak at Opening Plenary Session for NIC's Skilled Nursing Investment ForumArnold Whitman, CEO and Co-Chairman of Formation Capital, LLC, will be moderating the opening session at NIC's Skilled Nursing Investment Forum in Los Angeles on March 9, 2011. |
December 2, 2010JER Partners and Formation Capital Purchase Skilled Nursing Facilities Owned by Adventist HealthcareTOWSON, Md., Dec. 2, 2010 /PRNewswire/ -- Genesis HealthCare, a leading provider of skilled nursing facilities in Maryland, has added a group of nursing homes previously owned by Adventist HealthCare to its network in order to expand quality care to a growing senior population. |
July 20, 2009Formation Capital and Shelbourne Capital form Formation Shelbourne PartnersFormation Capital of Alpharetta, Georgia and Shelbourne Capital of Radnor, Pennsylvania have formed a new venture to develop and own senior living communities. The venture, Formation Shelbourne Partners, combines the investment capital of its founders and takes advantage of the development capabilities of their respective subsidiaries, Formation Development Group, LLC and Shelbourne Healthcare Development Group LLC. |
May 21, 2009Formation Capital purchases Memphis facility for $7.3 millionThe Wesley Highland Manor senior nursing facility at 3549 Norriswood Ave. near the University of Memphis has sold for $7.3 million to FC Highlands LLC, a single-purpose entity related to Alpharetta, Ga.-based Formation Capital. The sale closed May 11; the seller was Wesley Highland Nursing Homes Inc. |
February 18, 2008WHITMAN / SHIELDS TO HEADLINE 2008 NIC WESTERN REGIONAL SYMPOSIUMIn his opening address on Wednesday, March 5, Arnold Whitman, CEO and Co-Chairman of Formation Capital, LLC, will discuss the turmoil of the current financial and credit markets and how these shifting dynamics impact investing in seniors housing and care. |
July 13, 2007Formation Capital and JER Partners Acquire Genesis HealthCareDownload Press Release [PDF] Formation Capital and JER Partners announced today they have completed the acquisition of Genesis HealthCare Corporation. The total enterprise value of the transaction was approximately $2.0 billion. Pursuant to the terms of amended merger agreement entered into on May 19, 2007, Genesis' shareholders received $69.35 in cash for each share of Genesis' common stock that they held. |
June 25, 2007Scott E. Brown Joins Formation Capital as New Vice President of Asset ManagementOn June 25, 2007, Scott E. Brown was hired as Formation Capital's new Vice President of Asset Management. He will be leading the Asset Management division and is responsible for investment portfolio performance and compliance. The company is excited to welcome Mr. Brown and his impressive resume to its already distinguished team of asset management professionals. Read his bio HERE. |
May 30, 2007Genesis HealthCare Shareholders Approve Merger Agreement with Formation Capital and JER PartnersDownload Press Release [PDF] Genesis HealthCare Corporation today announced that, at the Company's reconvened annual meeting, Genesis shareholders approved the amended merger agreement between Genesis and a venture between affiliates of Formation Capital, LLC and JER Partners. |
January 16, 2007Genesis Healthcare to be Acquired by Formation Capital and JER Partners for $63 per Share in CashDownload Article [PDF] Genesis HealthCare Corporation (“GHC”) (NASDAQ:GHCI) today announced that it has entered into a definitive agreement to be acquired, in an all-cash transaction for $63.00 per share, by a joint venture between affiliates of Formation Capital, LLC and JER Partners. |
January 9, 2007Arnold Whitman to be featured speaker at Stifel Nicolaus ConferenceStifel Nicolaus is holding its 2007 Senior Housing and Health Care Conference in conjunction with ASHA's Annual Meeting. Arnold Whitman will be a featured speaker at breakfast on Tuesday, January 9 at 8:00 a.m... |
January 8, 2007Arnold Whitman at the 2007 ASHA Annual MeetingArnold Whitman will be one of several speakers participating in the CEO Forum this year at the 2007 ASHA Annual Meeting... |
September 25, 2006Formation Capital Launches Brand New WebsiteFormation Capital announces the development of their new website, designed by Stone Soup Technology of Griffin, Georgia. The site is scheduled to go live in conjunction with the closing of the 16th Annual NIC Conference in Chicago on September 29, 2006. |
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