For the last few months, James Nani has been tracking the rocky attempt to sell Genesis Healthcare, once the country’s largest nursing home operator.
Even for such a large deal, the process has drawn an unusual level of pushback. A Dallas judge blocked one sale attempt. And the federal government is calling for a trustee to take over its bankruptcy proceedings — a move that Genesis warned this week could threaten its latest $1 billion pending sale to New Generation Health.
A silver lining for those of us on the sidelines: The saga playing out in one of Texas’ ...
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