GEN News and Press, Genesis Healthcare Inc. From 03/23/21

Genesis Healthcare (GEN) has announced that Harry Wilson has been appointed as the Company’s new CEO, replacing CEO, Robert H. Fish.Mr. Wilson will also join the Company’s Board, replacing James McKeon.The Company also announced that David Harrington has been appointed Executive...

KENNETT 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), replacin...

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We had highlighted that Genesis Healthcare was a dangerous stock to own. Our last two articles showed the risks that Genesis presented to multiple entities. Our thesis was validated today. We dissect out the impact for Welltower and another REIT. For further details see:...

Genesis Healthcare (GEN) gains 5% premarket after announcing a three-part strategic restructuring plan to strengthen its liquidity position and capital structure. First, Genesis has agreed to terminate its master lease covering 51 facilities, leased from affiliates of Welltower. In ...

Transformative steps reduce debt by approximately $256 million and include an immediate $50 million capital investment Opportunity for an additional $25 million capital investment by April 15, 2021 Initial capital investment results in two appointments to the Board of Di...

Welltower and ProMedica Announce Strategic Transactions to Enhance Partnership PR Newswire TOLEDO, Ohio , March 2, 2021 /PRNewswire/ -- ProMedica and Welltower (NYSE:WELL) today announced two transactions to strengthen and expand their strong existing partnership...

Industry-related occupancy challenges and a subdued revenue trend could continue in H1-21. HCSG’s collections and cash performance this year have been stellar, the strong cash balance may be needed to meet any potential financial penalties. HCSG is looking to resolve the lo...

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 “Com...

Genesis Healthcare (GEN) is downgraded at Credit Suisse to underperform from neutral as the analysts note that the factors critical for the company’s recovery are uncertain and beyond the company’s control.The target price is unchanged at $0.57, a discount of ~20.8% to Friday&#x...