Skilled Nursing News January 14, 2026
Genesis HealthCare’s bankruptcy sale has a new lead bidder offering around $1 billion following a renewed auction held Wednesday, according to the latest court filing.
After five rounds of bidding, 101 West State Street was selected as the winning bidder for the Genesis assets, notes the court filing in the U.S. Bankruptcy Court for the Northern District of Texas. Genie 3 Partners, also the stalking horse bidder, was named the backup bidder.
Genie 3 submitted a $991 million bid, while 101 West State Street’s winning offer of $1.015 billion included total bid-protection adjustments of $17 million, as outlined in the court filing. The winning bid also consisted of $343 million in cash, a $100 million promissory note, and the assumption...
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