The winning bidder for Genesis Healthcare Inc.'s sprawling nursing-home empire is backed by California-based health-care consulting firm New Generation Health LLC, which has business ties to the bankrupt company.
101 West State Street LLC, backed by New Generation Health or “NewGen,” submitted an offer valued at about $1 billion earlier this week to win an auction for the assets, according to an auction transcript filed late Wednesday in the US Bankruptcy Court for the Northern District of Texas.
NewGen chief financial officer Shawn Zhou was identified as the client behind NewGen by attorney Jeff Saferstein of Weil, Gotshal & Manges ...
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