Sun Healthcare Group, Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period in Connection With Proposed Transaction With Genesis HealthCare, LLC8/9/2012
IRVINE, CA -- (Marketwire) -- 08/09/12 -- Sun Healthcare Group, Inc. (NASDAQ: SUNH) today announced that, in connection with the previously announced transaction with Genesis HealthCare, LLC, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on Aug. 8, 2012. The closing of the transaction remains subject to other customary conditions, including approval by Sun stockholders and other regulatory approvals. The special meeting of Sun stockholders to approve the transaction will be held on Sept. 5, 2012. Sun continues to expect that the transaction will close in the fall of 2012.
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