TEXAS – Genesis HealthCare has announced it has signed a definitive agreement to sell 23 Texas skilled nursing facilities (22 buildings owned by Genesis and one leased) to Regency REIT LLC.
In addition to the 23 facilities expected to be divested in the Regency transaction, Genesis also plans to exit the operations of an additional leased skilled-nursing facility.
Aggregate revenue and earnings before interest, taxes, depreciation, and amortization of all 24 facilities totaled approximately $173.7 million and $7.4 million, respectively, in 2017.
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