Unknown third parties agreed to acquire Eight Skilled Nursing Facilities of Genesis Healthcare, Inc. (NYSE:GEN) in California for approximately $89 million in the first quarter of 2019. On May 1, 2019, five of the facilities were sold for $56.5 million. In a related transaction, Genesis made an investment with a private investor involving 18 skilled nursing facilities. The eight facilities have aggregate annual revenue of approximately $83 million. The proceeds were used to repay indebtedness and fund transaction expenses.