{"componentChunkName":"component---src-templates-contenttypes-releases-pressreleases-js","path":"/about-us/press/press-releases/genesis-healthcare-receives-proposal-fillmore-capital-partners","result":{"data":{"nodePressReleases":{"field_happening_s_date":"2007-04-25","title":"GENESIS HEALTHCARE RECEIVES PROPOSAL FROM FILLMORE CAPITAL PARTNERS","body":{"value":"<p>Kennett Square, PA -- 04/25/07 --<br />\r\n<br />\r\n<span lang=\"EN-GB\">Genesis HealthCare Corporation (“GHC” or “Genesis”) (NASDAQ: GHCI) today announced that it has received a proposal from Fillmore Capital Partners, LLC to acquire Genesis for $64.75 per share in cash. </span><br />\r\n<br />\r\n<span lang=\"EN-GB\">The Board of Directors of Genesis, consistent with its fiduciary duties and the Company's obligations under its existing merger agreement with affiliates of Formation Capital, LLC (“Formation”) and JER Partners (“JER”), will review the Fillmore proposal and consider it relative to the pending transaction with Formation/JER.&nbsp;</span><span lang=\"EN-GB\"><span>&nbsp;</span></span><br />\r\n<br />\r\n<span lang=\"EN-GB\">Genesis announced on April 19, 2007 that it had amended its merger agreement with affiliates of Formation and JER to increase the consideration payable to Genesis shareholders to $64.25 per share in cash from $63.00 per share. A shareholder vote on the proposed transaction is scheduled to take place on May 4, 2007. Only shareholders of record as of March 5, 2007 are entitled to vote.<span>&nbsp; </span><span>At this time, the Board’s recommendation in favor of the Formation/JER transaction is unchanged.</span> </span><br />\r\n<br />\r\n<strong>About Genesis HealthCare Corporation </strong><br />\r\n<span>Genesis HealthCare Corporation </span>(NASDAQ: GHCI) <span>is one of the nation's largest long-term care providers with over 200 skilled nursing centers and assisted living residences in 13 eastern states. Genesis also supplies contract rehabilitation therapy to over 600 healthcare providers in 20 states and the District of Columbia . </span></p>\r\n\r\n<p><strong>Forward-Looking Statements </strong><br />\r\nA number of the matters discussed in this document that are not historical or current facts deal with potential future circumstances and developments, in particular, information regarding the expected timetable for completing the transaction, successful integration of the business, benefits of the transaction and any other statements contained in this news release that are not purely historical fact are forward-looking statements. The discussion of such matters is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from actual future experience involving any one or more of such matters. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected.<span>&nbsp; </span>Such risks and uncertainties include, but are not limited to, the approval of the proposed merger by regulatory agencies, approval of the merger by the shareholders of GHC, satisfaction of various other conditions to the closing of the merger contemplated by the merger agreement and the risks that have been described from time to time in GHC’s reports filed with the Securities and Exchange Commission (“SEC”), including its definitive proxy statement in connection with the 2007 annual meeting of shareholders and its annual report on Form 10-K for the fiscal year ended September 30, 2006. This document speaks only as of its date, and each of GHC, JER and Formation disclaims any duty to update the information herein.</p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p><strong>Additional Information and Where to Find It: </strong><br />\r\nOn March 7, 2007, GHC filed with the SEC, and thereafter furnished to shareholders, a definitive proxy statement in connection with its 2007 annual meeting of shareholders. Since March 7, GHC has filed additional proxy soliciting materials, including a proxy supplement that was filed with the SEC on April 23, 2007.<span>&nbsp; </span><strong>Investors and security holders are urged to read the proxy statement, supplement and other documents filed or to be filed by GHC because they contain (or will contain when available) important information about the proposed merger. </strong><span>Investors and security holders may obtain a free copy of the proxy statement and other documents filed by GHC (when available) at the SEC website at http://www.sec.gov. The proxy statement, supplement and other documents also may be obtained for free from GHC by directing such request to Genesis Healthcare Corporation, Investor Relations,</span><span> 101 East State Street, Kennett Square, PA 19348; telephone: </span>610-925-2000.<br />\r\n<br />\r\n<strong>Participants in the Solicitation </strong><br />\r\n<span>GHC and its directors, executive officers and other members of its management and employees may be deemed participants in the solicitation of proxies from its stockholders in connection with the proposed merger and </span>GHC’s scheduled 2007 annual meeting<span>. Information </span>regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of proxies from GHC shareholders <span>is set forth in GHC’s </span>proxy statement filed on March 7, 2007 and in its <span>proxy statements and Annual Reports on Form 10-K previously filed with the SEC.</span></p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p><strong>* * *</strong></p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p><span>GHC Investor Contact: </span><br />\r\n<span>Jim McKeon, CFO: (610) 444-8425 </span><br />\r\n<span>Lori Mayer, Director Investor Relations (610) 925-2000 </span></p>\r\n\r\n<p><span>GHC Media Contact: </span><br />\r\n<span>Jim Barron</span> <span>/Renée Soto: (212) 687-8080 </span></p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p>&nbsp;</p>\r\n\r\n<p>&nbsp;</p>\r\n"},"created":"2019-11-25T17:58:05+00:00"},"allMenuLinkContentMenuLinkContent":{"edges":[{"node":{"title":"Investors","link":{"uri":"internal:/investor-relations"},"menu_name":"about-us"}},{"node":{"title":"About Genesis HealthCare","link":{"uri":"internal:/about-us"},"menu_name":"about-us"}},{"node":{"title":"Earnings Release","link":{"uri":"internal:/investor-relations/earnings-release"},"menu_name":"investor-relations"}},{"node":{"title":"Corporate Governance","link":{"uri":"internal:/investor-relations/corporate-governance"},"menu_name":"investor-relations"}},{"node":{"title":"SEC Filings","link":{"uri":"internal:/investor-relations/sec-filings"},"menu_name":"investor-relations"}},{"node":{"title":"Events & Presentations","link":{"uri":"internal:/investor-relations/events-presentations"},"menu_name":"investor-relations"}},{"node":{"title":"Annual Report & 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