Genesis HealthCare buys Sun Healthcare Group
Genesis HealthCare has announced the purchase of Sun Healthcare Group, Irvine Calif. The $215 million deal will create one of the largest skilled nursing providers in the country, with a combined 422 SNFs in 29 states.
Sun Healthcare Group’s SunBridge Healthcare operated a complete range of long-term care services in 23 states. The acquisition of Sun’s SunDance Rehabilitation will also boost Genesis’ marketshare in rehabilitation therapy to about 1,500 contracts in 46 states.
In a separate deal, Sun’s SolAmor hospice service line was sold to Life Choice Hospice for $85 million. Genesis owns one-third of Life Choice.
Genesis plans to remain headquartered in Kennet Square, Pa., while boosting its employee base to nearly 80,000, the coompany stated in a press release.
Pamela Tabar was editor-in-chief of I Advance Senior Care from 2013-2018. She has worked as a writer and editor for healthcare business media since 1998, including as News Editor of Healthcare Informatics. She has a master’s degree in journalism from Kent State University and a master’s degree in English from the University of York, England.
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