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.
Pandemic hits Genesis hard, putting firm’s future in doubt
By
Danielle Brown
Sep 01, 2020
Adverse effects from COVID-19 forced Genesis HealthCare to raise “substantial doubt” about its ability to operate in the near future. Genesis executives detailed their concerns during a second-quarter...
Genesis, Signature doubts prompt Omega write-down
By
Danielle Brown
Nov 01, 2020
Omega Healthcare Investors, a real estate investment trust, announced in late September that it will move to a cash-basis accounting method for tenants Genesis HealthCare and Signature HealthCARE.
April Business briefs
Apr 01, 2020
Genesis announced a partnership between its LTC ACO and skilled nursing provider SavaSeniorCare.
Genesis, ProMedica team up to provide telehealth to SNFs
By
Danielle Brown
May 01, 2020
Genesis HealthCare and ProMedica are a part of a new coalition of industry leaders aimed at giving skilled nursing facility providers immediate access to wound care through telehealth during the coronavirus...
May Business Briefs
May 01, 2020
Monticello provided $66.6 million in first lien debt financing for the acquisition of three skilled nursing properties in Maryland; Sabra Health Care REIT sold two skilled nursing facilities in Montana...
PDPM helping Genesis save
By
Danielle Brown
Dec 05, 2019
Genesis Healthcare expects to see its annual operating costs reduced by $30 million under the newly implemented Patient Driven Payment Model, CEO George Hager Jr. said in November.
March Business briefs
Mar 04, 2020
LTC ACO, Genesis Healthcare’s accountable care organization, announced a partnership with skilled nursing, long-term and rehabilitation provider Senior Living Properties in late January.
October Business Briefs
Oct 01, 2020
CareTrust REIT Inc. acquired two Montana skilled nursing facilities in an off-market transaction, the company announced in early September.
September Business Briefs
Sep 06, 2019
» Genesis Healthcare aims to own or have buying options on 30% of its portfolio by late next year. The post-acute giant has shed 136 properties since 2016, but CEO George V. Hager Jr. said “favorable...