Genesis HealthCare is moving ahead with a reopened, court-ordered bankruptcy auction of its assets, replacing a previous insider bid with a new stalking horse bidder. The nursing home giant has named Genie 3 Partners LLC as the lead bidder, whose $259 million cash offer will set the opening price for the auction scheduled for January 13, 2026. The move is intended to attract competitive bids for the company’s nursing homes, a court filing in the U.S. Bankruptcy Court for the Northern District of Texas states.
Read the full article: Nursing Home Giant Genesis Names $259M Stalking Horse Bidder for Reopened Bankruptcy Auction //
Source: https://skillednursingnews.com/2026/01/nursing-home-giant-genesis-names-259m-stalking-horse-bidder-for-reopened-bankruptcy-auction/