Private Equity Team Adds Advisor for $1.4 billion Genesis Healthcare Buyout

http://www.insidearm.com/news/00010299-private-equity-team-adds-advisor-for-14-b/

A joint venture between Formation Capital, LLC and JER Partners, announced Monday the addition of Rothschild, Inc. to their financial advisory team in connection with their previously announced definitive agreement to acquire Genesis HealthCare Corporation for $63.00 per share. The transaction was announced on January 16th. Rothschild will join UBS as a financial advisor to the joint venture.

The transaction is subject to approval by Genesis HealthCare’s shareholders, as well as regulatory approvals, and other customary closing conditions. The transaction is scheduled to close in the third quarter of 2007.