By the July 13 close, the partnership had raised its offer to$69.35 a share following seven successive rounds of counter bids bySan Francisco-based Fillmore Capital Partners LLC. On July 13,Genesis shareshit $69.36 a share before settling at the close of the day at$69.33 and disappearing from the Nasdaq exchange.
George Hager, Genesis' CEO, will remain at the company's helm.The Genesis name will be retained along with the current managementteam. "We are pleased to be partnering with two firms whichunderstand our business from both a financial and operatingstandpoint," he says in a statement. "We have great confidencetheir strategic and financial support will enable us to grow andbetter serve our patients and residents."
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