William Mathies

Genesis acquires Sun

Genesis acquires Sun

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

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

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.