CareOne alleges ‘flawed process’ in massive Genesis, Welltower deal
By
Danielle Brown
Apr 27, 2021
A one-time potential suitor is accusing Genesis HealthCare and Welltower of using a “flawed process” to reach an $880 million agreement that led to the real estate investment trust terminating leases...
Long-term care provider fined record $27K for worker’s COVID-19 death
By
Danielle Brown
Apr 27, 2021
The death of a frontline worker led the Minnesota Department of Labor and Industry to levy a $27,100 fine for workplace safety violations on the man’s former long-term care employer.
Omega Healthcare ‘outperforming’ its peers: analyst
By
Danielle Brown
Apr 21, 2021
Omega Healthcare’s appetite for long-term care growth, despite the havoc caused by the pandemic, should help the real estate investment trust to come out ahead of its peers in the near future, according...
Nursing homes with early COVID vaccinations less likely to have new COVID cases
By
Danielle Brown
Apr 20, 2021
The early bird gets the worm — and fewer COVID-19 cases. The saying is being applied to certain nursing homes after a new study found that facilities that started the COVID-19 vaccination process earlier...
Newly named Genesis CEO a vaunted turnaround specialist, helped restructure GM
By
Danielle Brown
Mar 24, 2021
A new boss is in town for post-acute care giant Genesis Healthcare, and his first task will be delivering on a turnaround plan for the company after months of financial uncertainty exacerbated by the COVID-19...
Warren rips Genesis HealthCare, promises probe into all for-profit nursing homes; company rebuts charges...
By
Danielle Brown
Mar 18, 2021
A top U.S. lawmaker on Wednesday intensified her fiery attacks on beleaguered Genesis HealthCare’s issuance of a hefty bonus to a departing long-time CEO, even as the company was flailing amid the devastation...
Genesis leaves NYSE, charts path toward recovery but more LTC companies may be in danger
By
Danielle Brown
Mar 04, 2021
Genesis HealthCare announced Wednesday it will voluntarily delist its common stock from the New York Stock Exchange as part of a restructuring plan to improve the company’s financial and operational...
Welltower dumping most Genesis HealthCare holdings in $880 million deal, strengthens ProMedica joint...
By
Danielle Brown
Mar 03, 2021
Welltower is cutting most ties with beleaguered Genesis HealthCare, the company announced late Tuesday.
AHCA, LeadingAge set goal of 75% staff vaccination before July
By
Danielle Brown
Feb 26, 2021
Three-quarters of all nursing home workers would be fully vaccinated against COVID-19 by summertime if an initiative launched Thursday by the nation’s top two provider groups proves successful.
Also in the News for Wednesday, Feb. 3
Feb 03, 2021
Genesis HealthCare announces lofty vaccination rates for residents and employees … White House promises enough COVID-19 vaccines will be available for healthcare providers … HHS releases updated Provider...