Welltower Working on Deal to Improve Genesis’ Capital Structure

A deal is being hammered out between skilled nursing giant Genesis HealthCare (NYSE: GEN) and its landlord Welltower Inc. (NYSE: HCN), which is meant to improve Genesis’ capital structure. Welltower, a Toledo, Ohio-based real estate investment trust (REIT), announced the likely transaction in conjunction with releasing its third-quarter 2017 earnings results Tuesday, though details were […]

Skilled Nursing Pipeline: Genesis Opens New Jersey Rehab Facility

Construction: Planned Ciena Healthcare Plots SNF in Michigan Local officials recently gave the go-ahead to a planned skilled nursing facility in Grand Haven Township, Mich. Ciena Healthcare in 2019 will break ground on the Regency at Grand Haven, a 120-bed SNF, reports the Grand Haven Tribune. Diversicare Community in Missouri Seeks to Add Rehab Units A […]

Despite Signature Troubles, Sabra Sees Bright Post-Merger Future

Fresh off the approval of its blockbuster merger with Care Capital Properties, Sabra Healthcare REIT, Inc. (Nasdaq: SBRA) on Friday trumpeted the better-than-estimated value of the deal — and predicted an orderly solution to one of its continuing problems. The company had been conservative in its pre-merger projections, CEO Rick Matros said on a conference […]

Genesis Finalizes $53.6 Million Settlement Deal with DOJ

Genesis HealthCare (NYSE: GEN) on Friday announced the execution of a $53.6 million settlement with the United States Department of Justice over a variety of improper billing allegations. The Kennett Square, Pa.-based post-acute provider denied all of the government’s claims, which included four separate sets of allegations involving various Genesis subsidiaries. In its complaint, the DOJ […]