Pennsylvania-based post-acute care giant Genesis Healthcare has transferred the operations of 19 facilities to healthcare consulting firm New Generation Health in a series of deals worth close to $80 million.
Genesis to buy back real estate from Welltower, get relief from rent rises
By
Marty Stempniak
Feb 05, 2019
The nation’s largest skilled nursing chain is entering into a unique new arrangement to partially own some of its occupied properties while forgoing rent increases.
Genesis HealthCare looks toward pandemic recovery after CEO change
By
Danielle Brown
Jan 06, 2021
The new chief executive officer of post-acute care giant Genesis HealthCare is hoping to steer the company onto a steadier path after months of financial uncertainty caused by the pandemic.
False Claims Act settlement to cost Genesis $53.6 million
By
Jun 19, 2017
Genesis Healthcare Inc. has agreed to pay more than $53 million to settle six lawsuits that alleged the long-term care giant violated the False Claims Act, the Department of Justice announced Friday.
Genesis Healthcare will sell 51% stake in Chinese subsidiary
By
Kimberly Marselas
Apr 24, 2018
Genesis HealthCare announced Monday that it has agreed to sell a controlling stake of its Chinese subsidiary, GRS-HS, to Riswein Health Industry Investment Co.
Genesis HealthCare, HHS reach settlement over treatment of deaf residents
By
McKnight's Staff
Mar 07, 2013
Genesis HealthCare will enhance care for deaf individuals, including providing interpreters, as part of a recent settlement agreement with the Department of Health and Human Services Office for Civil Rights...
… and Health Care REIT purchases Genesis facilities for $2.4 billion
Mar 01, 2011
Health Care REIT said Monday that it would be buying virtually all of the real estate assets of privately owned Genesis Healthcare for $2.4 billion. The real estate investment trust will be acquiring 147...
Genesis Healthcare Friday morning announced it will replace most of its corporate leadership team and change its operational model as the post-acute provider continues to focus on its recovery.
Genesis shareholders to vote on Formation offer
By
Haymarket Media
May 30, 2007
Stockholders of Genesis HealthCare Corp. are set to vote today on the takeover of the chain by a private equity joint venture.