Genesis Healthcare wins court approval for amended $1 billion sale
A bankruptcy court approved amended terms for Genesis Healthcare’s roughly $1 billion asset sale to 101 W. State Street. The deal is now set to close Friday, with plan confirmation hearings next week.
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11:18:30 PM UTC
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By Akiko MatsudaGenesis Healthcare won bankruptcy court approval Thursday to amend its roughly $1 billion asset sale to 101 W. State Street, resolving last-minute disputes that threatened to cut $100 million from the purchase price.Judge Stacey Jernigan of the U.S. Bankruptcy Court in Dallas approv…