Skilled Healthcare, Genesis HealthCare agree to merge

|About: Skilled Healthcare Group, Inc. (SKH)|By:, SA News Editor

Skilled Healthcare (NYSE:SKH) +38.2% AH after announcing a merger agreement with privately held Genesis HealthCare in an all-stock deal that will create one of the largest U.S. providers of long-term medical care services.

SKH shareholders would own 25.75% of the equity in the combined company, while Genesis shareholders would own the remaining 74.25%.

The combined company is expected to operate under the Genesis name.