The search is on again for a Genesis Healthcare CEO
By
Danielle Brown
Oct 26, 2021
Harry Wilson will be leaving his position as chief executive officer of Genesis Healthcare just seven months after he was hired to lead the post-acute care giant’s financial turnaround.
Private equity firm to buy Genesis for $1.7 billion
By
Haymarket Media
Jan 17, 2007
Two private equity firms said Tuesday they will buy Genesis HealthCare Corp., one of the largest nursing home chains in the country, for approximately $1.7 billion, or $63 per share.
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...
Genesis to save in ‘win-win’ $1.7 billion sale of 92 facilities
By
Nov 04, 2016
Genesis HealthCare is expected to save millions in rent payments after its largest landlord completes a $1.7 billion sale of 92 properties to new owners, the company announced Wednesday.
Genesis buys back facilities, gets relief from its rent bills
By
Marty Stempniak
Mar 07, 2019
The nation’s largest skilled nursing chain is entering into a unique new arrangement to partially own some of its occupied properties and forego rent increases.
Insurer looks to make Genesis HealthCare self-pay large chunk of COVID claims
By
Danielle Brown
Apr 22, 2022
Genesis HealthCare’s insurance provider wants the nursing home giant to pay millions before it covers COVID-19 claims being brought by residents.
Genesis will acquire 24 SNFs in $240 million Revera deal
By
Aug 05, 2015
Genesis Healthcare will acquire 24 skilled nursing facilities from Revera Inc., as part of a $240 million portfolio.
Genesis looks to restructure
By
James M. Berklan
Dec 06, 2017
Genesis HealthCare CEO George Hager said the battered nursing home chain hoped to save $54 million per year with new leases — once landlords Welltower Inc. and Sabra Health Care REIT sold their Genesis...
PowerBack Rehabilitation to open in Colorado
May 12, 2015
PowerBack Rehabilitation, a collaboration between Mainstreet and Genesis HealthCare, is scheduled to open in Colorado later in May.
Genesis defends itself against flawed-bidding allegations
By
Haymarket Media
Apr 16, 2007
Shareholders of Genesis HealthCare Corp. are scheduled to vote this week on whether to approve the $1.7 billion sale of the company amid allegations that an unfair bidding process greased the transaction.