NEW YORK (AP) - Health Care REIT Inc. is buying the assets of rehabilitation facility and nursing home operator Genesis HealthCare for $2.4 billion in the second major health care real estate deal announced Monday.
The Toledo, Ohio, company said it will buy all of enesis' real estate assets, which include 147 post-acute care, rehabilitation, assisted living and long-term care services in 11 states across the Northeast and Mid-Atlantic regions. It will have an option to buy a 9.9-percent stake in Genesis for $47 million. Genesis of Kennett Square, Pennsylvania, will continue to run the facilities.
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