Genesis HealthCare

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Genesis HealthCare
Type Private
Industry Health care
Headquarters Kennett Square, Pennsylvania, U.S.
Key people George V. Hager, Jr. (CEO)
Revenue 2.7 Billion USD (2011)
Employees 50,000
Website www.genesishcc.com

Genesis HealthCare is a leading provider of short-term post-acute, rehabilitation, skilled nursing and long-term care services. As of 2012, Genesis operates over 200 skilled nursing centers and assisted living residences in 13 eastern states. Genesis also supplies rehabilitation therapy to over 1,100 healthcare providers in 35 states and the District of Columbia. Genesis has approximately 50,000 employees. Genesis HealthCare is headquartered in Kennett Square, Pennsylvania.

History[edit]

Genesis Health Ventures was established by Michael R. Walker in 1985 with acquisition of nine Centers. Between 1985 and 1998, Walker grew Genesis Health Ventures from a $32 million to a $2.4 billion public company through the acquisition of nursing homes and services such as rehabilitation therapy, diagnostic testing, respiratory therapy, and pharmacy.

In 1999, the Federal government made drastic, unanticipated cuts to Medicare, which at that time funded virtually all the care for individuals admitted to Genesis Centers from hospitals. Genesis Health Ventures sought Chapter 11 protection in 2000. In 2001, the company reorganized and reemerged from bankruptcy.

In 2003, Genesis Health Ventures separated the Company’s in-patient care and pharmacy divisions. As part of the separation, Genesis Health Ventures adopted the NeighborCare pharmacy division’s trade name, and spun off the Company’s Genesis ElderCare Skilled Nursing Centers, and Assisted Living and Independent Living Communities, as well as Genesis Rehabilitation Therapy Services, into a new entity – Genesis HealthCare Corporation.

On July 13, 2007, Formation Capital and JER Partners completed the acquisition of Genesis HealthCare Corporation. The total enterprise value 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.[1]

On April 1, 2011, Health Care REIT, Inc. (NYSE:HCN) completed the $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 its plans to acquire Sun Healthcare Group.

Leadership[edit]

  • George V. Hager, Jr - Chief Executive Officer
  • Tom DiVittorio - Senior Vice President and Chief Financial Officer
  • Robert "Mike" Reitz - Executive Vice President and Chief Operating Officer

Locations[edit]

Skilled Nursing and Assisted Living Facilities in 13 States:

Center Name City State
Fox Hill Center Rockville CT
Glendale Center Naugatuck CT
Groton Regency Center Groton CT
Harrington Court Colchester CT
Kimberly Hall North Windsor CT
Kimberly Hall South Windsor CT
Meriden Center Meriden CT
Salmon Brook Center Glastonbury CT
Skyview Center Wallingford CT
Churchman Village Newark DE
Heritage at Dover Dover DE
Heritage at Milford Milford DE
Hillside Center Wilmington DE
Milford Center Milford DE
Seaford Center Seaford DE
Lofland Park Center Seaford DE
Silver Lake Center Dover DE
Academy Manor Andover MA
Apple Valley Center Ayer MA
Chelsea Center Chelsea MA
Coolidge House Brookline MA
Courtyard Nursing Care Center Medford MA
Guardian Center Brockton MA
Heritage Hall East Agawam MA
Heritage Hall North Agawam MA
Heritage Hall South Agawam MA
Heritage Hall West Agawam MA
Heritage Nursing Care Center Lowell MA
Heritage Woods Agawam MA
Keystone Center Leominster MA
Lasell House Auburndale MA
Prescott House North Andover MA
Sarah S. Brayton Nursing Center Fall River MA
Somerset Ridge Center Somerset MA
Sutton Hill Center North Andover MA
Wachusett Manor Gardner MA
Westford House Westford MA
Willow Manor Lowell MA
Bradford Oaks Center Clinton MD
PowerBack Rehabilitation Lutherville MD
Caton Manor Baltimore MD
Catonsville Commons Baltimore MD
Chesapeake Woods Center Cambridge MD
College View Center Frederick MD
Corsica Hills Center Centreville MD
Crescent Cities Center Riverdale MD
Cromwell Center Baltimore MD
Fairland Center Silver Spring MD
Franklin Woods Center Baltimore MD
Glade Valley Center Walkersville MD
Hamilton Center Baltimore MD
Hammonds Lane Center Brooklyn Park MD
Heritage Center - MD Dundalk MD
Homewood Center Baltimore MD
Kingshire Manor Assisted Living Rockville MD
Knollwood Manor Millersville MD
La Plata Center La Plata MD
Layhill Center Silver Spring MD
Loch Raven Center Baltimore MD
Long Green Center Baltimore MD
Magnolia Center Lanham MD
Multi-Medical Center Towson MD
Perring Parkway Center Baltimore MD
Pines, The Easton MD
Randallstown Center Randallstown MD
Salisbury Rehabilitation and Nursing Center Salisbury MD
Severna Park Center Severna Park MD
Shady Grove Center Rockville MD
Sligo Creek Center Takoma Park MD
Spa Creek Center Annapolis MD
Springbrook Center - MD Silver Spring MD
Waldorf Center Waldorf MD
Woodside Center Silver Spring MD
Cedar Ridge Center - ME Skowhegan ME
Harbor Hill Center Belfast ME
Marshwood Center Lewiston ME
Oak Grove Center Waterville ME
Orono Commons Orono ME
Pine Point Center Scarborough ME
RiverRidge Center Kennebunk ME
Sandy River Center Farmington ME
Sedgewood Commons Falmouth ME
Springbrook Center - ME Westbrook ME
Windward Gardens Camden ME
Mooresville Center Mooresville NC
Salisbury Center - NC Salisbury NC
Country Village Center Lancaster NH
Elm Wood Center Claremont NH
Granite Ledges of Concord Concord NH
Harris Hill Center Concord NH
Holton Point Lancaster NH
Keene Center Keene NH
Laconia Rehabilitation Center Laconia NH
Lafayette Center Franconia NH
Lebanon Center Lebanon NH
Mountain Ridge Center Franklin NH
Oceanside Center Hampton NH
Partridge House Hampton NH
Pleasant View Center Concord NH
Pleasant View Retirement Concord NH
Ridgewood Center - NH Bedford NH
Arbor Glen Center Cedar Grove NJ
Barn Hill Care Center Newton NJ
Brakeley Park Center Phillipsburg NJ
Burlington Woods Burlington NJ
Cinnaminson Center Cinnaminson NJ
Claremont Center Point Pleasant NJ
Cooper River West Pennsauken NJ
Cranbury Center Monroe Township NJ
Heritage at Clara Barton Edison NJ
Holly Manor Center Mendham NJ
Inglemoor Center Englewood NJ
Jersey Shore Center Eatontown NJ
Kresson View Center Voorhees NJ
Lopatcong Center Phillipsburg NJ
Madison Center - NJ Matawan NJ
Maple Glen Center Fair Lawn NJ
Marcella Center Burlington NJ
Mercerville Center Mercerville NJ
Millville Center Millville NJ
Morris Hills Center Morristown NJ
North Cape Center North Cape May NJ
Park Place Center Monmouth Junction NJ
Phillipsburg Center Phillipsburg NJ
Residence at Forsgate, The Monroe Township NJ
Ridgewood Center - NJ Ridgewood NJ
Southern Ocean Center Manahawkin NJ
Summit Ridge Center West Orange NJ
Troy Hills Center Parsippany NJ
Victoria Commons North Cape May NJ
Victoria Manor North Cape May NJ
Voorhees Center Voorhees NJ
Waterview Center Cedar Grove NJ
Westfield Center Westfield NJ
Woodlands, The Plainfield NJ
Abington Manor Clarks Summit PA
Belvedere Center, The Chester PA
Berkshire Center Reading PA
Berkshire Commons Reading PA
Brandywine Hall West Chester PA
Brinton Manor Glen Mills PA
Carbondale Nursing and Rehabilitation Center Carbondale PA
Chapel Manor Philadelphia PA
Crestview Center Langhorne PA
Edgehill Nursing and Rehabilitation Center Glenside PA
Fairview Care Center of Bethlehem Pike Philadelphia PA
Fairview Care Center of Paper Mill Road Glenside PA
Garden Spring Center Willow Grove PA
Genesis HealthCare at Spring Mill Phoenixville PA
Gettysburg Center Gettysburg PA
Hamilton Arms Center Lancaster PA
Harston Hall Flourtown PA
Highgate at Paoli Pointe Paoli PA
Highland Center Brackenridge PA
Hillcrest Center Wyncote PA
Hopkins Center Wyncote PA
Laurel Center - PA Hamburg PA
Laurel Ridge Center Uniontown PA
Lehigh Center Macungie PA
Lehigh Commons Macungie PA
Liberty Court Philadelphia PA
Linwood Nursing and Rehabilitation Center Scranton PA
MapleShade Meadows Nesquehoning PA
Mifflin Center Shillington PA
Mifflin Court Shillington PA
Naamans Creek Country Manor Garnet Valley PA
Neshaminy Manor Warrington PA
The Oaks Wyncote PA
Orwigsburg Center Orwigsburg PA
Pennsburg Manor Pennsburg PA
Pennypack Center Philadelphia PA
Quakertown Center Quakertown PA
Residences at Chestnut Ridge Chester PA
Rittenhouse Pine Center Norristown PA
Riverstreet Manor Wilkes-Barre PA
Riverview Ridge Wilkes-Barre PA
Rose View Center Williamsport PA
Rose View Court Williamsport PA
Sanatoga Center Pottstown PA
Sanatoga Court Pottstown PA
Schuylkill Center Pottsville PA
Silver Stream Center Spring House PA
Somerton Center Philadelphia PA
Wayne Center Wayne PA
Willow Ridge Center Hatboro PA
Willowbrook, The Clarks Summit PA
Coventry Center Coventry RI
Grand Islander Center Middletown RI
Grandview Center Cumberland RI
Greenville Center Greenville RI
Kent Regency Center Warwick RI
Pawtucket Center Pawtucket RI
Warren Center Warren RI
Potomac Center Arlington VA
Westwood Center Bluefield VA
Woodmont Center Fredericksburg VA
Bel-Aire Center Newport VT
Mountain View Center Rutland VT
Rutland Healthcare and Rehabilitation Center Rutland VT
Rutland Manor Rutland VT
Saint Albans Healthcare and Rehabilitation Center Saint Albans VT
Ansted Center Ansted WV
Brightwood Center - WV Follansbee WV
Canterbury Center Shepherdstown WV
Care Haven Center Martinsburg WV
Cedar Ridge Center - WV Sissonville WV
Dawn View Center Fort Ashby WV
Hampshire Center Romney WV
Heritage Center - WV Huntington WV
Hidden Valley Center Oak Hill WV
Hilltop Center Hilltop WV
Logan Center Logan WV
Madison Center - WV Morgantown WV
Marmet Center Marmet WV
Miletree Center Spencer WV
Oak Ridge Center Charleston WV
Pierpont Center at Fairmont Campus Fairmont WV
Pocahontas Center Marlinton WV
Quarry Manor Charleston WV
Raleigh Center Daniels WV
Ravenswood Village - WV Ravenswood WV
Regency Place Scott Depot WV
Rosewood Center Grafton WV
Seasons, The Lewisburg WV
Shenandoah Center Charles Town WV
Sistersville Center Sistersville WV
Summit at Hidden Valley, The Oak Hill WV
Teays Valley Center Hurricane WV
Tygart Center at Fairmont Campus Fairmont WV
Valley Center South Charlestown WV
White Sulphur Springs Center White Sulphur Springs WV
Willows Center Parkersburg WV
Wishing Well Assisted Living Community At Fairmont Campus Fairmont WV

References[edit]

External links[edit]