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is a provider of short-term post-acute, rehabilitation, skilled nursing and long-term care services. According to data provided by the
Centers for Medicare & Medicaid, as of November 1, 2023, Genesis owned or operated 290 skilled nursing facilities with 34,047 bed through 105 affiliates in 25
355:
On
February 2, 2015, Genesis Healthcare merged with California-based Skilled Healthcare Group, Inc. The combined company operated more than 400 skilled nursing and assisted and senior living communities in 34 states and more than 1,800 rehabilitation therapy sites in 47 states. It reported over
314:
In 2003, Genesis Health
Ventures separated the company's in-patient care and pharmacy divisions. As part of the separation, Genesis Health Ventures adopted NeighborCare pharmacy division's trade name, and spun off the company's Genesis ElderCare Skilled Nursing Centers and Assisted Living and
351:
and operated skilled nursing facilities, assisted and independent living centers, and behavior health centers in 23 states. Sun also owned SunDance
Rehabilitation, CareerStaff Unlimited and SolAmor Hospice. Genesis acquired Sun for $ 8.50 per share. The aggregate amount of the merger was
340:, completed a $ 2.4 billion acquisition of substantially all of the real estate assets of privately-owned Genesis HealthCare, which was previously announced on February 28, 2011. In June 2012, Genesis HealthCare announced plans to acquire Sun Healthcare Group.
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Genesis Health
Ventures was founded by Michael R. Walker and Richard R. Howard in 1985, with the acquisition of nine centers. Between 1985 and 1998, Genesis Health Ventures grew from a $ 32 million to a $ 2.4 billion public company through the acquisition of
371:
Genesis operates approximately 450 Skilled
Nursing Facilities and Assisted/Senior Living Communities across the nation located in 30 states. Additionally, Genesis Rehab Services provide therapy to approximately 1,700 locations across 45 states.
270:
states in the United States. Genesis also supplies rehabilitation therapy to approximately 1,700 healthcare providers in 45 states and the
District of Columbia. Genesis has approximately 80,000 employees. Genesis HealthCare is headquartered in
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of the transaction was approximately $ 2.0 billion. Genesis' shareholders received $ 69.35 in cash for each share of
Genesis' common stock that they held.
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Independent Living
Communities, as well as Genesis Rehabilitation Therapy Services, into a new entity – Genesis HealthCare Corporation.
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On July 13, 2007, Formation
Capital and JER Partners completed the acquisition of Genesis HealthCare Corporation. The total
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90,000 employees with combined revenue of $ 5.5 billion. The company changed its ticker from (NYSE: SKH) to (NYSE: GEN).
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622:"Genesis and Skilled Healthcare Group merger creates $ 5.5B post-acute care company - Philadelphia Business Journal"
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and services, including rehabilitation therapy, diagnostic testing, respiratory therapy, and pharmacy companies.
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bankruptcy the following year, in 2000. In 2001, the company reorganized and reemerged from bankruptcy.
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On December 1, 2012, Genesis completed the acquisition of Sun Healthcare Group, Inc. (
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646:"Genesis HealthCare Completes Previously Announced Transaction with Revera Inc"
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Provider of short-term post-acute, skilled nursing and long-term care services
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In June 2015, Genesis HealthCare acquired 24 skilled nursing facilities from
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approximately $ 215, excluding closing costs and the repayment of Sun debts.
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504:"NeighborCare is to be spun off in Dec., open local headquarters"
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443:"Genesis Health Ventures Fils for Bankruptcy (Published 2000)"
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Business Wire, Omnicare Completes Acquisition of NeighborCare
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567:"Genesis HealthCare Acquires Sun Healthcare Group, Inc"
542:"Formation, JER buy Genesis Health for $ 1.52 billion"
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49:. Unsourced material may be challenged and removed.
1462:Medical outsourcing companies of the United States
419:"Genesis Healthcare Inc.: A list of nursing homes"
758:List of companies based in the Philadelphia area
1452:Companies listed on the New York Stock Exchange
1442:Companies based in Chester County, Pennsylvania
336:On April 1, 2011, Health Care REIT, Inc., now
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295:In 1999, the federal government made cuts to
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1432:Health care companies based in Pennsylvania
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109:Learn how and when to remove this message
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1437:American companies established in 1985
347:GS: SUNH), which was headquartered in
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47:adding citations to reliable sources
1447:1985 establishments in Pennsylvania
307:Genesis Health Ventures filed for
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870:Other notable Philadelphia-based
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1125:Susquehanna International Group
475:"One swims forth; two go under"
34:needs additional citations for
743:Philadelphia-area corporations
318:NeighborCare, which traded on
1:
1457:2007 mergers and acquisitions
1269:Notable Delaware Valley-based
1189:Notable Delaware Valley-based
1070:Crozer Keystone Health System
1065:Christiana Care Health System
626:Philadelphia Business Journal
272:Kennett Square, Pennsylvania
210:Kennett Square, Pennsylvania
1284:Cerberus Capital Management
1175:W. L. Gore & Associates
972:Morgan, Lewis & Bockius
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962:Drinker Biddle & Reath
933:Notable Philadelphia-based
909:Philadelphia Media Network
222:George V. Hager, Jr. (CEO)
1200:Aberdeen Asset Management
935:professional partnerships
842:Universal Health Services
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707:Formation Capital website
322:as NCRX, was acquired by
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1271:division headquarters of
671:"Genesis Healthcare Inc"
1352:(Johnson & Johnson)
1040:Brandywine Realty Trust
998:Valley-based businesses
899:Independence Blue Cross
816:(rank in the 2017 list)
776:(rank in the 2017 list)
423:nursinghomedatabase.com
194:Michael R. Walker
1155:Vishay Intertechnology
1095:Liberty Property Trust
996:Other notable Delaware
502:Salganik, M. William.
1294:Johnson & Johnson
1245:Shire Pharmaceuticals
669:HealthCare, Genesis.
1255:Teva Pharmaceuticals
1240:Siemens Healthineers
1220:Delaware Investments
1050:Carpenter Technology
889:Day & Zimmermann
390:"Genesis Healthcare"
58:"Genesis HealthCare"
43:improve this article
1350:McNeil Laboratories
240:Number of employees
123:
1193:foreign businesses
1191:US headquarters of
1110:Rita's Italian Ice
1100:Penn Entertainment
987:White and Williams
650:www.prnewswire.com
571:www.prnewswire.com
447:The New York Times
349:Irvine, California
267:Genesis HealthCare
244:68,700 (2017)
122:Genesis HealthCare
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1005:Actua Corporation
860:Burlington Stores
836:Lincoln Financial
824:AmerisourceBergen
598:Modern Healthcare
479:Modern Healthcare
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60: –
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54:Find sources:
48:
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38:
37:
32:This article
30:
26:
21:
20:
1406:Tasty Baking
1390:Dow Chemical
1320:GSI Commerce
1085:EPAM Systems
1025:Aqua America
1015:AlliedBarton
967:Duane Morris
919:Radian Group
767:Philadelphia
756:
678:. Retrieved
674:
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653:. Retrieved
649:
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629:. Retrieved
625:
602:. Retrieved
600:. 2014-08-18
597:
574:. Retrieved
570:
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550:. Retrieved
548:. 2007-07-13
545:
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511:. Retrieved
507:
483:. Retrieved
481:. 2001-10-08
478:
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402:. Retrieved
398:the original
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303:21st century
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206:Headquarters
136:Company type
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41:Please help
36:verification
33:
1210:AstraZeneca
1105:Penn Mutual
811:Fortune 500
771:Fortune 500
256:.genesishcc
170:Health care
1426:Categories
1340:MAB Paints
1150:ViroPharma
1080:DuckDuckGo
982:Saul Ewing
947:Blank Rome
872:businesses
680:2017-07-02
655:2018-06-20
631:2015-10-08
604:2020-11-23
576:2015-10-08
552:2020-11-23
513:2020-11-23
485:2020-11-23
460:2020-11-23
428:2024-01-02
404:2019-01-06
376:References
309:Chapter 11
218:Key people
179:2003
69:newspapers
1180:WSFS Bank
879:Amoroso's
455:0362-4331
367:Locations
338:Welltower
326:in 2005.
148:Traded as
99:June 2017
1330:Hercules
1290:Centocor
1130:Vanguard
1060:Chemours
1055:Cephalon
1045:Boscov's
1030:Asplundh
904:Pep Boys
884:Chemtura
324:Omnicare
297:Medicare
166:Industry
1396:SunGard
1356:Neoware
1334:Ashland
1304:Conseco
1260:TD Bank
1090:EnerSys
957:Dechert
809:-based
790:Aramark
784:Comcast
769:-based
546:Reuters
394:Fortune
278:History
249:Website
227:Revenue
191:Founder
176:Founded
158::
83:scholar
1370:Exelon
1314:Exelon
1250:Subaru
1145:Unisys
1020:Ametek
1010:Airgas
830:DuPont
453:
361:Revera
345:NASDAQ
320:NASDAQ
234:(2016)
212:, U.S.
140:Public
85:
78:
71:
64:
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1215:Chubb
914:PREIT
862:(463)
856:(457)
850:(339)
844:(276)
838:(207)
832:(113)
798:(333)
792:(192)
90:JSTOR
76:books
1366:PECO
1324:eBay
1280:Acme
1165:Wawa
826:(11)
786:(31)
451:ISSN
258:.com
160:GENN
62:news
1400:FIS
1376:QVC
1235:SAP
1225:GSK
1160:VWR
1120:SLM
854:UGI
254:www
232:USD
45:by
1428::
673:.
648:.
624:.
613:^
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