Genesis Accepts Revised Offer

Genesis HealthCare Corp. (Nasdaq: GHCI) has agreed to an amended buyout agreement with Formation Capital and JER Partners, after also being pursued by rival bidder Fillmore Capital Partners. The new deal is for $69.35 per share, compared to an initial agreement for $64.25 per share. Fillmore's most recent offer had been $65.25 per share. Genesis is a Kennett Square, Pa.-based long-term care provider with over 200 skilled nursing centers and assisted living residences in 13 eastern states.