Genesis Healthcare, Inc. (GEN) News

Genesis Healthcare, Inc. (GEN): $0.42

-0.06 (-12.71%)

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GEN News Highlights

  • GEN's 30 day story count now stands at 2.
  • Over the past 2 days, the trend for GEN's stories per day has been choppy and unclear. It has oscillated between 1 and 1.

Latest GEN News From Around the Web

Below are the latest news stories about Genesis Healthcare Inc that investors may wish to consider to help them evaluate GEN as an investment opportunity.

House subcommittee to explore impact on U.S. healthcare industry of private-equity ownership

One topic to be addressed at Thursday hearing: prospective links between private-equity owners and elevated mortality rates and inspection outcomes.

Yahoo | March 25, 2021

Highly Regarded Turnaround Specialist, Harry Wilson, Appointed CEO of Genesis HealthCare

Company to build on solid foundation and further strengthen patient care and resident experienceKENNETT SQUARE, Pa., March 23, 2021 (GLOBE NEWSWIRE) -- Genesis Healthcare, Inc. (Genesis, or the Company) (NYSE: GEN), a national post-acute care provider, announced today that Harry Wilson has been appointed as the Company’s new Chief Executive Officer (CEO), replacing CEO, Robert (“Bob”) H. Fish. Mr. Wilson will also join the Company’s Board of Directors, replacing James McKeon. The Company also announced that David Harrington has been appointed Executive Chairman, and Mr. Fish will remain a member of the Board. Mr. Wilson’s focus will be on immediately developing and executing a turnaround plan for the Company, while building a foundation for future innovation and growth as a national lea...

Yahoo | March 23, 2021

Genesis HealthCare Shares Are Trading Lower After Debt Restructuring Deal, Voluntary Delisting From NYSE

Welltower Inc (NYSE: WELL) is cutting most ties with beleaguered Genesis HealthCare Inc (NYSE: GEN) and plans to terminate leases with Genesis for 51 of its properties and provide an $86 million lease termination fee upon their successful transition. Additionally, Genesis will conditionally receive approximately $170 million in additional debt reductions from Welltower. Hence, Genesis expects to reduce its debt outstanding to Welltower by approximately $256 million and extend the maturity to January 1, 2024. Welltower will also receive equity in Genesis, increasing its stake in Genesis from approximately 6% to about 15%. It has also secured a $50 million debt investment from ReGen Healthcare that would convert into equity representing a 25% stake in the company. ReGen Healthcare also ha...

Yahoo | March 3, 2021

Welltower (WELL) Limits Genesis Ties, Enhances ProMedica JV

While the future deployment of $745 million of Genesis transaction proceeds offers significant value accretion scope for Welltower (WELL), the sale of properties will result in earnings dilution.

Yahoo | March 3, 2021

Genesis HealthCare Announces Strategic Restructuring Steps to Strengthen Balance Sheet and Chart Path for Recovery

Transformative steps reduce debt by approximately $256 million and include an immediate $50 million capital investmentOpportunity for an additional $25 million capital investment by April 15, 2021Initial capital investment results in two appointments to the Board of Directors and voluntary delisting from the New York Stock Exchange and deregistration under the Exchange Act KENNETT SQUARE, Pa., March 03, 2021 (GLOBE NEWSWIRE) -- Genesis Healthcare, Inc. (“Genesis” or the “Company”) (NYSE:GEN) announced today a three-part strategic restructuring plan to strengthen the Company’s liquidity position and capital structure as it charts a path to recovery. First, Genesis has agreed to terminate its master lease covering 51 facilities leased from affiliates of Welltower Inc. (“Welltower”) and tr...

Yahoo | March 3, 2021

Welltower and ProMedica Announce Strategic Transactions to Enhance Partnership

ProMedica and Welltower (NYSE:WELL) today announced two transactions to strengthen and expand their strong existing partnership while maintaining an unwavering focus on patient care and clinical outcomes. The transactions serve to enhance the quality of the Welltower/ProMedica joint venture ("JV") portfolio and position it for continued growth going forward.

Yahoo | March 2, 2021

The Law Offices of Frank R. Cruz Announces Investigation of Genesis Healthcare, Inc. (GEN) on Behalf of Investors

The Law Offices of Frank R. Cruz Announces Investigation of Genesis Healthcare, Inc. (GEN) on Behalf of Investors

Yahoo | February 4, 2021

Genesis HealthCare Announces Resident and Staff COVID-19 Vaccine Acceptance Rates

To date, 84% of skilled nursing residents and 61% of skilled nursing staff have been vaccinated; Staff acceptance rates far exceed national average as reported by CDC KENNETT SQUARE, Pa., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Genesis HealthCare, (“Genesis” or “Company”) (NYSE: GEN), one of the largest post-acute care providers in the United States, announced today that 84% of its skilled nursing residents and 61% of skilled nursing staff members have been vaccinated, each receiving their first dose of the COVID-19 vaccine, through January 29, 2021. Staff vaccine acceptance rates far exceed the national average, and resident acceptance rates at Genesis skilled nursing centers were also above the national average, based on vaccine administration data in an analysis published by the Centers fo...

Yahoo | February 2, 2021

LTC ACO and Third Eye Health Offer Virtual Care Network to Long-Term Care Patients, Facilities and Provider Groups

Innovative Virtual Care Network formed to enhance patient care in long-term care facilities with access to Third Eye Health Physicians, who provide virtual urgent and emergent care. ACO physicians and affiliated providers leverage Third Eye Health’s one-touch telehealth technology to deliver care.KENNETT SQUARE, Pa., Jan. 18, 2021 (GLOBE NEWSWIRE) -- With the spotlight on long-term care facilities during the current public health emergency, leaders in post-acute and long-term care, LTC ACO, the first long-term care Medicare Shared Savings Program dedicated to long-term care residents in the United States, and Third Eye Health, have joined forces to improve the quality of care available for the 6,000 LTC ACO beneficiaries across more than 200 long-term facilities and for all future LTC A...

Yahoo | January 18, 2021

Genesis HealthCare Announces Leadership Change

George V. Hager, Jr. Retires as CEO and Director Board of Directors Appoints Current Chairman, Robert H. Fish as New CEOKENNETT SQUARE, Pa., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Genesis Healthcare, Inc. (Genesis, or the Company) (NYSE:GEN), one of the largest post-acute care providers in the United States, announced today that George V. Hager, Jr. has decided to retire as the Company’s Chief Executive Officer (CEO) and Director. Genesis’ Board of Directors has appointed the Company’s current Chairman of the Board, Robert (“Bob”) H. Fish as CEO, effective today, January 5, 2021. Bob will remain Chairman of the Board.Mr. Fish, a member of the Genesis Board of Directors since 2013 and Chairman since 2017, has extensive experience as a healthcare company executive, including significant exper...

Yahoo | January 5, 2021

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