Under terms of the agreement, Genesis will acquire Sun for $8.50 per share of common stock in cash. Following the announcement, Sun shares leaped Thursday.
Sun completes company split, looks to acquire businesses
Nov 24, 2010
Sun Healthcare Group Inc., a major nursing home chain, recently completed its corporate split, which separates its real estate holdings from its nursing operations.
Nursing home chain Sun plans separation of operations, real estate holdings
May 26, 2010
Sun Healthcare Group Inc., one of the largest nursing home operators in the country, said Monday it plans to split itself into two publicly traded companies.