Genesis stresses need for ongoing federal support after $60M shortfall due to pandemic
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...
Genesis questions company’s viability after pandemic causes $213M in lost revenue, skyrocketing expenses
Aug 12, 2020
Adverse effects from the coronavirus have forced Genesis HealthCare to raise “substantial doubt” about its ability to operate in the near future.
Lab tests for COVID-19 ‘nearly useless’ again due to slow turnaround times: Genesis CMO
Aug 04, 2020
Due to the slow lab turnaround times for COVID-19 tests, delivery of point-of-care diagnostic testing instruments and tests from the federal government comes at the right time. That’s the word from the...
Genesis Healthcare will sell 51% stake in Chinese subsidiary
Apr 24, 2018
Genesis HealthCare announced Monday that it has agreed to sell a controlling stake of its Chinese subsidiary, GRS-HS, to Riswein Health Industry Investment Co.
Also in the News for Thursday, March 22
Mar 22, 2018
Lawmakers negotiating late in effort to avert third government shutdown of 2018 … Genesis recovering as industry ‘falls behind’ … Sitting and physical inactivity may increase risk...
Genesis, Skilled Healthcare deal forms mega-company
Oct 01, 2014
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.
Facility failed to address erratic behavior of nurse who later shot a resident and herself, lawsuit charges
Sep 11, 2014
A Pennsylvania nursing home failed to intervene when a nurse began acting erratically in the days before killing herself and a resident last November, according to a lawsuit filed Friday in Lackawanna...
Genesis, Skilled Healthcare merger to create huge long-term care provider with more than 500 facilities
Aug 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.
Also in the news for July 11, 2014 . . .
Jul 11, 2014
Genesis nursing home fired dietary worker due to her disability, government alleges … Rehabilitation provider groups brief Senators, present findings that IRFs outperform SNFs … Medicare accounted...
Long-term care tech summit produces calls for better, silo-busting assessment tools
Jun 24, 2014
More progress is needed toward standardizing beneficiary assessments across care settings, an analyst with the Centers for Medicare & Medicaid Services told a gathering of long-term care health information...