NEW YORK: Genesis HealthCare L.L.C., of Kennett Square, completed its combination with publicly-traded Skilled Healthcare Group Inc., of Foothill Ranch, Calif., and will return to the New York Stock Exchange, trading under the symbol “GEN,” Genesis said.
Genesis will take over Skilled Healthcare’s spot on the exchange. The new company, which will have more than 500 nursing homes and assisted living/senior living communities in 24 states, will operate under the name Genesis Healthcare Inc. and be based in Kennett Square.
George V. Hager Jr., who has been chief executive of Genesis since 2003, will be CEO of the new company. The new Genesis has nearly 95,000 employees and had $5.5 billion in revenue in the 12 months ended Sept. 30…