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.
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...
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.
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.
Genesis looks to restructure
By
James M. Berklan
Dec 06, 2017
Genesis HealthCare CEO George Hager said the battered nursing home chain hoped to save $54 million per year with new leases — once landlords Welltower Inc. and Sabra Health Care REIT sold their Genesis...
Sabra CEO: biggest providers simply ‘can’t do it anymore’
By
James M. Berklan
Nov 06, 2017
Instead of building mass by stringing together operators with national reach, skilled nursing operators and owners should instead concentrate on finding smaller, nimble partners.
Genesis, Kindred team up to tackle outcomes, transitions
By
Mar 05, 2017
Two of the country’s largest post-acute care providers are joining forces in an effort to improve quality and care transitions.
Genesis CEO plots 2017
By
Feb 05, 2017
Genesis HealthCare CEO George Hager Jr. said in a recent interview that he hopes nursing homes will see “federal funding that is additive to the inadequate Medicaid funding” in 2017 — although...
Genesis: SNF selloff to trim rent outlays by $10.5 million
By
Dec 06, 2016
Genesis HealthCare expects to save $10.5 million in rent payments following the sale of 92 skilled nursing facilities previously leased by its biggest landlord, the long-term care giant announced in early...
Genesis, UNM partner up to cut hospital readmissions
By
Nov 05, 2016
The nation’s largest provider of skilled nursing services is teaming with the University of New Mexico Health System in an effort to tackle the growing issue of hospital readmissions among nursing...