… 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 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 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.
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.
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.
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.
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...
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.