Lawmaker accuses Genesis of misusing COVID-19 federal relief funds for CEO bonus
By
Danielle Brown
Feb 02, 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.
Five Genesis nursing homes get new owners
By
Amy Novotney
Nov 17, 2020
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...
The COVID-19 pandemic continues to negatively affect the finances of Kennett Square, PA-based Genesis Healthcare, according to the firm’s third-quarter earnings report, released Monday.
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...
‘Going concern’ doubts raised by Genesis, Signature prompt write-down by Omega, potential write-off...
By
Amy Novotney
Sep 28, 2020
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...
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 and Ensign Group see shares drop amidst House COVID-19 nursing home investigation
By
Amy Novotney
Jun 22, 2020
Last week, a House of Representatives committee launched an investigation into how five large nursing home companies have handled COVID-19. Among the nursing homes under investigation are publicly traded...
McKnight’s 40 for 40: George Hager
By
James M. Berklan
Jun 15, 2020
George Hager has brought an astute blend of strategic and tactical skills to his job as the top exec of the largest largest nursing home operator in the United States.