April 12, 2018 / 12:42 AM / 3 months ago

BRIEF-Genesis Healthcare Announces Planned Divestiture Of Facilities In Texas

April 11 (Reuters) - Genesis Healthcare Inc:

* GENESIS HEALTHCARE ANNOUNCES PLANNED DIVESTITURE OF FACILITIES IN TEXAS

* SIGNED AGREEMENT TO SELL 23 TEXAS SKILLED NURSING FACILITIES TO REGENCY REIT, LLC

* GENESIS ALSO PLANS TO EXIT OPERATIONS OF AN ADDITIONAL LEASED SKILLED NURSING FACILITY

* ESTIMATES DIVESTITURE WILL RESULT IN REDUCTION OF APPROXIMATELY $97 MILLION OF INDEBTEDNESS AND $1.8 MILLION OF ANNUAL CASH LEASE EXPENSE Source text for Eikon: Further company coverage:

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