A ReGen Healthcare LLC affiliate was selected to acquire the assets of bankrupt Genesis Healthcare Inc., one of the largest nursing home operators in the US, in a bid worth potentially $147.5 million.
The ReGen affiliate, which was already an investor in Pennsylvania-based Genesis and was tapped to set the floor price for bidding, was selected after an auction that concluded on Nov. 19, according to a notice filed Monday in the US Bankruptcy Court for the Northern District of Texas.
Genesis, which runs 175 facilities in the US, filed Chapter 11 in July, blaming its troubles on rising labor ...
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