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.
Staffing has always been a major challenge in the seniors housing and care sector. And a new health insurance requirement scheduled to take effect in less than 16 months could worsen the problem.