Skilled care has been absorbing a lot of body blows lately. The latest was delivered Friday, and it’s going to leave a mark.
Welltower chief calls $880M agreement with Genesis ‘mutually beneficial’ for companies’ shareholders
By
Danielle Brown
Apr 30, 2021
Welltower executives believe its $880 million agreement with Genesis HealthCare will work out favorably for both companies in their efforts toward post-COVID recovery.
CareOne alleges ‘flawed process’ in massive Genesis, Welltower deal
By
Danielle Brown
Apr 27, 2021
A one-time potential suitor is accusing Genesis HealthCare and Welltower of using a “flawed process” to reach an $880 million agreement that led to the real estate investment trust terminating leases...
Clinical briefs for Wednesday, April 21
By
Alicia Lasek
Apr 21, 2021
CDC holds off on easing COVID guidelines for senior living communities … Genesis HealthCare announces millionth point-of-care COVID-19 test … Men may have higher odds of Parkinson’s if they sleepwalk...
Nursing homes with early COVID vaccinations less likely to have new COVID cases
By
Danielle Brown
Apr 20, 2021
The early bird gets the worm — and fewer COVID-19 cases. The saying is being applied to certain nursing homes after a new study found that facilities that started the COVID-19 vaccination process earlier...
Early vaccination sped up decline in COVID infections, study in Genesis facilities finds
By
Alicia Lasek
Apr 20, 2021
Nursing homes that administered shots early in the COVID-19 vaccine rollout experienced a lower rate of new infections compared to later-vaccinating sites. The results underscore the efficacy of the drugs...
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...
Warren rips Genesis HealthCare, promises probe into all for-profit nursing homes; company rebuts charges...
By
Danielle Brown
Mar 18, 2021
A top U.S. lawmaker on Wednesday intensified her fiery attacks on beleaguered Genesis HealthCare’s issuance of a hefty bonus to a departing long-time CEO, even as the company was flailing amid the devastation...
Genesis leaves NYSE, charts path toward recovery but more LTC companies may be in danger
By
Danielle Brown
Mar 04, 2021
Genesis HealthCare announced Wednesday it will voluntarily delist its common stock from the New York Stock Exchange as part of a restructuring plan to improve the company’s financial and operational...
Welltower dumping most Genesis HealthCare holdings in $880 million deal, strengthens ProMedica joint...
By
Danielle Brown
Mar 03, 2021
Welltower is cutting most ties with beleaguered Genesis HealthCare, the company announced late Tuesday.