Genesis announces restructuring, voluntarily delists from NYSE
By
Amy Novotney
Mar 04, 2021
Genesis HealthCare will institute a three-part plan to improve its financial metrics and cut debt by $236 million, the company announced Wednesday. The plan includes a voluntary delisting from the New...
Welltower exits real estate relationship with Genesis
By
Amy Novotney
Mar 03, 2021
Welltower is largely ending its operating relationship with skilled nursing operator Genesis HealthCare, the real estate investment trust announced late Tuesday.
LTC Properties’ FFO, revenue down due to $5.5M Genesis write-off, decreased and deferred rent from...
By
Amy Novotney
Nov 02, 2020
Similar to real estate investment trusts Omega and Welltower, Westlake Village, CA-based LTC Properties announced a third quarter write-off in straight-line rent receivable balances as a result of going...
Genesis: COVID-19 might put us out of business
By
Amy Novotney
Aug 12, 2020
COVID-19 is having a “significant adverse impact” on the finances of Kennett-Square, PA-based Genesis Healthcare, with estimates showing that the incremental expenses and lost revenue caused by the...
Meet JoAnne Reifsnyder, Hall of Honor inductee
By
James M. Berklan
Jul 17, 2020
JoAnne Reifsnyder, executive vice president, clinical operations, and chief nursing officer, Genesis HealthCare, Kennett Square, PA, is a member of the 2020 McKnight’s Women of Distinction Hall of Honor.
Genesis reports 7% occupancy decline in April; additional reductions expected
By
Danielle Brown
May 27, 2020
Genesis Healthcare is now requiring new or readmitted residents to be placed in quarantine units for 14 days before being transitioned into the general population at a facility in response to the COVID-19...
Ventas, Welltower comment on COVID-19; Genesis reports 4th-quarter loss
By
Amy Novotney
Mar 18, 2020
The CEOs of two large senior housing real estate investment trusts reassured their residents, staff and investors Tuesday that the companies are prioritizing resident and staff health and safety above...
Genesis Healthcare shares down 82% over five years
By
Amy Novotney
Mar 13, 2020
Investors who purchased Genesis HealthCare five years ago have seen their shares in the company fall by 82% during that time, according to an analysis posted Wednesday by Simply Wall St. The company’s...
WesleyLife, Genesis partner to develop senior living communities
By
Lois A. Bowers
Jan 17, 2019
WesleyLife and Genesis Health System will join forces in a new entity to develop senior living communities to serve eastern Iowa and western Illinois, the organizations announced Wednesday.
16 assisted living operators to help Alzheimer’s Association test dementia care program
By
Lois A. Bowers
Sep 20, 2018
Sixteen assisted living operators across 12 states and the nation’s capital have signed on to help test an Alzheimer’s Association program that could enhance the care of residents with dementia.