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News Breaks | | | | December 3, 2012 | | 13:02 EDT |  | SUNH | Sun Healthcare's SolAmor segment sold to Life Choice Hospice
Simultaneous with the Genesis / Sun merger, Sun's SolAmor Hospice segment was sold to Life Choice Hospice, a provider of in-home hospice care, for approximately $85M. Net cash sale proceeds of $75M were used to repay Genesis senior indebtedness. Genesis owns an approximate one-third interest in Life Choice Hospice. | |
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