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 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.
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, Wesley Life partner to build across Iowa, Illinois
By
Kimberly Marselas
Aug 01, 2019
Two Iowa-based companies are joining to build a new senior housing organization and new facilities with long-term care beds in the Midwest.
Contract therapy providers sign on with major clients
By
Kimberly Marselas
Feb 01, 2021
Reliant Rehabilitation and Genesis Rehab Services have each picked up major new contracts, adding thousands of skilled nursing and senior living residents to their rolls.
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.
Expanding program takes a broad new view of wound care
By
John Hall
Jun 09, 2023
Nursing home model puts skin health team leader at top of an integrated, whole-patient approach to preventing and caring for wounds
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...