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.
Time to roll up those sleeves and mandate vaccines
By
Kimberly Marselas
Feb 24, 2021
For the last month or so, we’ve spotlighted successes from the COVID-19 vaccine front, trying to understand which strategies truly help providers drive up acceptance rates. Even the smallest details...
‘Unfathomable greed’: Lawmaker accuses Genesis HealthCare of misusing federal coronavirus relief...
By
Danielle Brown
Feb 01, 2021
The nation’s largest nursing home operator is on the defense after a federal lawmaker accused it of using coronavirus federal relief funds to “line the pockets of company executives.”
Genesis HealthCare looks toward pandemic recovery after CEO change
By
Danielle Brown
Jan 06, 2021
The new chief executive officer of post-acute care giant Genesis HealthCare is hoping to steer the company onto a steadier path after months of financial uncertainty caused by the pandemic.
BREAKING: Hager steps down as Genesis CEO, replaced by Board Chair Fish
By
James M. Berklan
Jan 05, 2021
Beleaguered post-acute care giant Genesis HealthCare announced this morning that 17-year CEO George V. Hager Jr. is retiring from his posts as CEO and company director.
Genesis reportedly won’t mandate COVID-19 vaccinations for workers
By
Danielle Brown
Dec 07, 2020
The largest nursing home operator in the United States plans to ensure all workers have access to COVID-19 vaccines at its facilities, but it will not require them to take them, according to a recent report...
Genesis stresses need for ongoing federal support after $60M shortfall due to pandemic
By
Danielle Brown
Nov 10, 2020
Genesis HealthCare endured $60 million in losses directly related to the coronavirus pandemic — despite receiving $64 million in federal and state relief funding during the third quarter, company executives...
Nearly half of nursing home residents with COVID-19 show no symptoms, national study finds
By
Alicia Lasek
Oct 21, 2020
A multi-state study in Genesis HealthCare facilities found that more than 40% of nursing home residents with COVID-19 are asymptomatic. Facility-wide testing was more successful in detecting these lurking...