Genesis Health Ventures, Inc. [GHCI]
Opened The NASDAQ Stock Market
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Pictured:
George V. Hager, Jr., Chief Executive Officer, Genesis HealthCare
Corporation (NASDAQ: GHCI) and John J. Arlotta, Chairman and Chief
Executive Officer, NeighborCare, Inc. (NASDAQ: NCRX) join NASDAQ
host Bruce Aust, Executive Vice President to preside over the Market
Open.
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George V. Hager, Jr.,
Chief Executive Officer,
Genesis HealthCare Corporation
(NASDAQ: GHCI)
opens
The NASDAQ Stock Market
Tuesday, December 02, 2003
at NASDAQ's MarketSite
in New York City.
Click here for more information on
Genesis Health Ventures, Inc.
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Summary Quote
Genesis Health Ventures, Inc. Completes Spin-Off and Name Change
To commemorate the completion of the spin-off and the initial trading
of GHCI and NCRX as independent companies, Genesis HealthCare and
NeighborCare open The NASDAQ Stock Market.
On December 1st, Genesis Health Ventures, Inc. ("GHVI") completed the
tax-free spin-off of its eldercare and rehabilitation businesses into
a separate publicly traded company, Genesis HealthCare Corporation
("GHC"). Genesis Health Ventures also announced that it would change
its name to NeighborCare, Inc. effective December 2, 2003. Beginning
December 2, 2003, Genesis HealthCare and NeighborCare will trade as
separate companies on the NASDAQ National Market System. Genesis
HealthCare common stock will trade under the ticker symbol [GHCI] and
NeighborCare will trade under the ticker symbol [NCRX].
About Genesis HealthCare Corporation [GHCI]
Genesis HealthCare is one of the nation's largest long term care
providers with over 200 skilled nursing centers and assisted living
residences in 12 eastern states operating under the Genesis ElderCare
banner. Genesis also supplies contract rehabilitation therapy to over
730 healthcare providers in 21 states and Washington, DC.
Visit our website at www.genesishcc.com.
About NeighborCare, Inc. [NCRX]
NeighborCare, Inc. is one of the nation's leading institutional
pharmacy providers serving long term care and skilled nursing
facilities, specialty hospitals, assisted and independent living
communities, and other assorted group settings. The Company also
provides infusion therapy services, home medical equipment,
respiratory therapy services and community-based retail pharmacies.
In total, the Company's operations span the nation, providing
pharmaceutical services in 32 states and the District of Columbia.
Visit our website at www.neighborcare.com.
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