Markets
GEN

Financial Sector Update for 06/15/2015: GEN, HCN, NBG

Top Financial Shares:

JPM: flat

BAC: -0.4%

WFC: flat

C: flat

USB: flat

Financial stocks were off to a sluggish start Monday as the National Bank of Greece failed to secure a creditor deal, leading many to believe one is unlikely now. American depository shares slid nearly 17% to about $1.06 in recent pre-market trading Monday.

Genesis HealthCare ( GEN ), a post-acute care provider, said Monday it has agreed to acquire a portfolio of 24 skilled-nursing facilities and the contract-rehabilitation business from privately held Revera, a senior-living company, for $240 million.Under the deal, which is expected to close by year-end, GEN will acquire the real estate of 20 of the 24 facilities and will enter into a long-term lease agreement with Health Care REIT ( HCN ) for the remaining properties. GEN and HCN were both inactive in recent pre-market trading.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GEN

Other Topics

Commodities