Leslie Young has been hired as director of human resources operations at Tutera Senior Living & Healthcare.
Genesis HealthCare completed the acquisition of Skilled Healthcare Group on Monday. The combined company will have a new NYSE ticker symbol (GEN) and operate under the name Genesis Healthcare Inc.
Genesis HealthCare and Skilled Healthcare Group will merge to create a single company with more than 500 facilities nationwide, the providers announced in late August.
This week's blockbuster deal has private equity-backed Genesis HealthCare combining with Skilled Healthcare Group.In some ways, these sorts of marriages seem all but inevitable. After all, in the outcomes-based post-acute world that's emerging, size and scale are the flavors du jour.
Genesis, Skilled Healthcare merger to create huge long-term care provider with more than 500 facilitiesAugust 20, 2014
Genesis HealthCare and Skilled Healthcare Group Inc. will merge to create a single long-term and post-acute care company with more than 500 facilities nationwide, the providers announced Tuesday.
Six nursing home companies have been removed from Standard & Poor's Rating Service downgrade watch.
Following news of a planned slash in Medicare reimbursements, skilled nursing facility operators have spent the last few days reassessing their financial strategy.
Shares of major skilled nursing facility operator stocks took a nosedive Monday morning following Friday's announcement that the Centers for Medicare & Medicaid Services are cutting Medicare reimbursements to SNFs by 11.1%, starting Oct. 1. Operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value on Monday, according to published reports.
Nursing home operator Skilled Healthcare Group Inc. announced it has hired J.P. Morgan Securities to maximize its stockholder value and explore "strategic options," including a possible sale.