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Genesis Healthcare Remains Committed to Securing Longterm Stability
Globenewswireยท 2025-12-12 23:13
Core Points - Genesis Healthcare, Inc. is committed to a financial restructuring process through Chapter 11 bankruptcy proceedings to ensure long-term stability for its patients, residents, and staff [1][2] - The company has made significant operational improvements over the past two years by shifting to local market-based operations [2] - Genesis previously avoided bankruptcy in 2021 due to a $100 million investment from ReGen Healthcare, which allowed for a transformation in leadership and operational strategy [2][3] Operational Performance - Genesis has reported a 91% favorable rating for staff relationships, 89% for leadership safety measures, and 87% for staff interaction based on a 2025 patient satisfaction survey [6] - The company has reduced employee turnover by 6% year-over-year and maintains a Google rating of 4.3 out of 5 stars [7] Historical Context - The decision to transfer skilled nursing facilities to Welltower, Inc. occurred in 2011, long before ReGen's involvement in 2021 [3][4] - Current leadership emphasizes that none of the officers or board members from 2011 are still with Genesis today [4] Community Engagement - Genesis operates over 170 skilled nursing centers and assisted living communities across 17 states, focusing on high-quality post-acute care [5] - The company invites local, state, and federal legislative parties to tour its facilities to understand the care provided [7]