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.
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.
Genesis evades insurance shakedown over COVID cases thanks to federal ruling
By
Kimberly Marselas
Dec 20, 2023
A federal appeals court has overturned a decision that could have cost skilled nursing provider Genesis Healthcare millions of dollars in COVID-19 claims not covered by its insurer.
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.
In major win for insurer, court rules Genesis must absorb costs of multiple COVID suits
By
Kimberly Marselas
Nov 21, 2022
Genesis Healthcare could be on the hook for millions of dollars in potential COVID-19 settlements, following a federal judge’s decision that the skilled nursing giant’s insurer does not have to cover...
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 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...
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.