This article is part of your SHN+ subscription That the senior living industry is grappling with bankruptcies and loan delinquencies is nothing new, but a recent Wall Street Journal article has me again pondering the impacts of such moves, both on residents and operators. The article highlights the struggles of residents of Harborside, a life […]
Genesis Healthcare
Post-acute senior care operator Genesis HealthCare has filed for Chapter 11 bankruptcy. Genesis HealthCare operates 15 assisted living communities and senior living properties, according to its website. In court records reviewed by Skilled Nursing News, a Senior Housing News sister publication, Genesis faced “legacy liabilities.” “During the first half of 2025, the company and its […]
Formation Capital has a new CEO and is embarking on an investment strategy focused on creating new models of senior living and services. Atlanta-based Formation has been a prolific investor in the senior housing and care sector since its founding in 1999. As of last year, when long-time CEO Brian Beckwith departed, the firm was […]
Genesis HealthCare (NYSE: GEN) announced Tuesday that Harry Wilson will take the reins as the company’s new CEO. Wilson — a “highly regarded turnaround specialist,” according to Genesis — previously led the restructuring of General Motors on behalf of the U.S. Treasury, and founded the corporate turnaround firm Maeva Group. He replaces Robert Fish, who […]
Welltower (NYSE:WELL) announced Tuesday it has substantially exited its operating relationship with nursing home giant Genesis HealthCare (NYSE: GEN), with joint-venture health system partner ProMedica picking up some of the operator’s buildings. In a separate transaction, Toledo, Ohio-based Welltower is divesting 25 properties that it acquired through its 2018 JV with ProMedica. The series of […]
George Hager Jr. is retiring from his role as CEO and director of Genesis HealthCare (NYSE: GEN), the national nursing home and assisted living company announced Tuesday. The company’s chairman of the board, Robert Fish, has succeeded Hager, effective immediately. Hager will continue to work as an advisor to the board, while Fish will keep […]
Genesis HealthCare’s (NYSE: GEN) future as a going concern is in “substantial doubt” as a result of financial and operational strains stemming from the coronavirus pandemic — pressures that were brought into stark relief in its second quarter of 2020 earnings. The company’s portfolio of 361 facilities is dominated by skilled nursing but includes 23 […]
Welltower (NYSE: WELL) posted solid senior housing gains in the third quarter of 2019, thanks in part to the last few years spent unwinding certain “one-sided” relationships while forging new ones under more well-aligned RIDEA structures. That’s according to CEO and Chairman Thomas DeRosa, who on a Tuesday earnings call with investors and analysts laid […]
Benchmark, one of the largest senior living providers in the U.S. Northeast, is launching a Wellness Management division focused on new, urban communities. Denise McQuaide, who has served in executive roles within senior living and other health care companies over the last 30 years, has been hired to lead the division as president and COO. […]
Leaders with Welltower (NYSE: WELL) believe the company is positioned to create and seize opportunities in the years ahead, thanks to a major new joint venture and a restructured senior housing portfolio. On Thursday, the real estate investment trust (REIT) and a nonprofit health system, ProMedica, closed on a joint venture deal valued at $4.4 […]
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