Genesis HealthCare - McKnight's Senior Living

Genesis HealthCare

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People in the news, March 30

Appointments and promotions at American House Senior Living Communities, Anthem Memory Care, English Meadows Senior Living, Erickson Living, Friendly Senior Living, Frontier Management, Genesis Healthcare, Graceworks Lutheran Services, Landis Home and Community-Based Services, Lifespace Communities, Presbyterian SeniorCare Network, RCare, Sentrics and Watercrest Senior Living Group.

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Five Genesis nursing homes get new owners

Three New York-based owners have filed an application with the state of Vermont for approval to purchase five Genesis Healthcare nursing homes. David Gamzeh, Akiva Glatzer and Akiko Ike began running the centers in the cities of Bennington, Burlington, Berlin, Springfield and St. Johnsbury, VT, on Oct. 30, according to the application.

‘Going concern’ doubts raised by Genesis, Signature prompt write-down by Omega, potential write-off by Sabra

Omega Healthcare Investors announced Thursday that it will move to a cash-basis accounting method for tenants Genesis Healthcare and Agemo Holdings LLC (f/k/a Signature Healthcare). The move comes as Omega was informed by the two firms of doubt regarding their ability to continue as a “going concern” in relation to the uncertainty around future cash flows caused by the COVID-19 pandemic.

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