Effective December 1, 2012, Genesis HealthCare, one of the nation’s largest providers of skilled nursing and rehabilitation care, completed the acquisition of Sun Healthcare Group, Inc. Under the terms of the agreement, Genesis HealthCare acquired Sun Healthcare for $8.50 per share of common stock in cash. Click here for more information on Genesis HealthCare.
Sun’s common stock, formerly traded on the NASDAQ Global Select Market under the ticker symbol SUNH, ceased trading on December 3, 2012 in conjunction with the close of the acquisition. Each outstanding share of Sun’s common stock has been converted into the right to receive $8.50 in cash, subject to applicable withholding taxes, if any.