Chester County Briefly: April 17

Image via the Hankin Group.

Hankin Group

Magic Memories Child Development Center is scheduled to open this fall in the Hankin Group-developed Weatherstone community in Chester Springs. Magic Memories has offered families high-quality programs incorporating learning through socialization and play for more than 30 years.

“A daycare of this caliber is a wonderful asset to the Weatherstone community and good fit with the rest of the mixed-use community plans,” said Michael Hankin, COO of Hankin Group.

Magic Memories offers child care and educational programs for children ages six weeks up to fifth grade, including before- and after-school care.

Good Gaming

Good Gaming, the Kennett Square-based owner and operator of a leading e-sports tournament and social networking platform, has received confirmation for its listing on the OTCQB platform.

The OTCQB Venture Market offers early-stage and developing companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing.

As a verified market with efficient access to U.S. investors, the OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation.

“We are very pleased to have Good Gaming accepted to the OTCQB trading platform,” said David B. Dorwart, Good Gaming’s CEO. “The QB platform is an important part of our commitment to offer potential investors greater transparency and a better trading platform as we continue to grow our company, increase shareholder valuation, and seek to increase our shareholder base.”

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Genesis Healthcare

The Kennett Square-based company has agreed to sell 23 skilled nursing facilities in Texas to Regency REIT, writes John George for the Philadelphia Business Journal.

Financial terms of the deal were not disclosed. Genesis said it also plans to “exit the operations” of an additional leased skilled nursing facility in Texas.

The 24 facilities generated revenues of about $173.7 million and earning of about $7.4 million in 2017. Genesis estimated the transactions will result in the reduction of about $97 million in debt and $1.8 million of annual cash lease expense.

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