Genesis Healthcare Bankruptcy News

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Thousands died at a nursing home chain. Its CEO got a $5 - CBS …

(6 days ago) WEBCOVID-19 claimed a heavy toll on residents at Genesis Healthcare facilities as top executive made a lucrative exit. threatens to push it into bankruptcy, Hager …

https://www.cbsnews.com/news/genesis-healthcare-ceo-george-hager-bonus-exit/

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GenesisCare bankruptcy descends into Medicare overcharging

(5 days ago) WEBKey Points. GenesisCare, the bankrupt cancer services provider, has wrongly claimed Medicare payments due to issues with the “methodology” of its internal …

https://www.afr.com/companies/healthcare-and-fitness/genesiscare-bankruptcy-descends-into-medicare-overcharging-scandal-20230613-p5dg3j

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GenesisCare files for bankruptcy in Texas, seeks to sell US business

(9 days ago) WEBCancer treatment company GenesisCare filed for U.S. bankruptcy protection in Texas on Thursday, seeking to sell its U.S. business and refocus on its operations in …

https://www.reuters.com/business/healthcare-pharmaceuticals/genesiscare-files-bankruptcy-texas-seeks-sell-us-business-2023-06-01/

Category:  Cancer Show Health

GenesisCare business comes back to life, won’t offset payments …

(7 days ago) WEBGenesisCare founder Dan Collins led the failed push into the US for the cancer care provider. James Alcock. But GenesisCare has told shareholders that record …

https://www.afr.com/companies/healthcare-and-fitness/genesiscare-business-comes-back-to-life-won-t-offset-payments-bungle-20230901-p5e1b5

Category:  Cancer Show Health

GenesisCare Wins Court Approval of Bankruptcy Exit Plan

(Just Now) WEBBloomberg News. Genesis Care Pty Ltd ., an operator of cancer treatment centers, won court approval of a restructuring plan that cuts more than $1.5 billion of …

https://news.bloomberglaw.com/bankruptcy-law/genesiscare-wins-court-approval-of-bankruptcy-exit-plan

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Genesis HealthCare Announces Strategic Restructuring Steps to

(8 days ago) WEBFirst, Genesis has agreed to terminate its master lease covering 51 facilities leased from affiliates of Welltower Inc. (“Welltower”) and transition operations to new …

https://finance.yahoo.com/news/genesis-healthcare-announces-strategic-restructuring-133000263.html

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GenesisCare’s first US clinics are offloaded in US bankruptcy

(Just Now) WEBNov 14, 2023 – 5.57pm. The first US clinics of failed cancer service provider GenesisCare have been sold in its long-running Chapter 11 bankruptcy process. According to court …

https://www.afr.com/companies/healthcare-and-fitness/genesiscare-s-first-us-clinics-are-offloaded-in-us-bankruptcy-20231114-p5ejye

Category:  Cancer Show Health

GenesisCare Files Bankruptcy With Plans to Sell US …

(3 days ago) WEBGenesisCare comes to bankruptcy with roughly $1.7 billion in long-term debt, according to court documents. The company’s debt traded at deep discounts in the months before the bankruptcy filing

https://www.bloomberg.com/news/articles/2023-06-01/genesiscare-may-split-off-us-assets-as-it-files-for-chapter-11

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GenesisCare Likely to Sell Bankrupt Healthcare Assets in Pieces

(8 days ago) WEBAustralian company operates cancer treatment centers. GenesisCare, an Australia-based operator of cancer treatment centers, is likely to sell its bankrupt US …

https://news.bloomberglaw.com/bankruptcy-law/genesiscare-likely-to-sell-bankrupt-healthcare-assets-in-pieces

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Warren Releases New Details on Genesis Nursing Home …

(3 days ago) WEBWashington, DC - United States Senator Elizabeth Warren (D-Mass.) today released Genesis Healthcare, Inc.'s (Genesis) response to her January letter and sent …

https://www.warren.senate.gov/newsroom/press-releases/warren-releases-new-details-on-genesis-nursing-home-companys-massive-ceo-payout

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BREAKING: Genesis Healthcare announces sweeping leadership, …

(9 days ago) WEBGenesis Healthcare Friday morning announced it will replace most of its corporate leadership team and change its operational model as the post-acute provider …

https://www.mcknights.com/news/breaking-genesis-healthcare-announces-sweeping-leadership-operational-changes/

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GenesisCare Bankruptcy: Asset Purchases - A Glass Half Empty For

(3 days ago) WEBCommunity Healthcare Trust's valuation is at risk due to the unresolved Chapter 11 filing of GenesisCare. Read why CHCT stock is a Strong Sell.

https://seekingalpha.com/article/4661622-genesiscare-bankruptcy-drags-asset-purchases-glass-half-empty-community-healthcare

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Update On GenesisCare's Chapter 11 Filing's Impact On …

(9 days ago) WEBcourtneyk. On June 1st Community Healthcare Trust’s (NYSE:CHCT) third largest tenant filed for bankruptcy.Since there was no announcement on the filing from …

https://seekingalpha.com/article/4640214-update-on-genesiscares-chapter-11-filings-impact-on-community-healthcare-trust

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The Genesis case: The beginning of the end of HRSA’s “patient

(Just Now) WEBOn November 3, 2023, the U.S. District Court for the District of South Carolina issued a decision granting in large part Genesis Health Care’s (Genesis’s) motion for summary …

https://www.jdsupra.com/legalnews/the-genesis-case-the-beginning-of-the-2052625/

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GenesisCare puts US business into bankruptcy, seeks to restructure

(4 days ago) WEBGenesisCare, which spans the US, Spain and Britain, will restructure after filing for Chapter 11 bankruptcy protection, it announced on Thursday. “During the …

https://www.afr.com/companies/healthcare-and-fitness/genesiscare-puts-us-business-into-bankruptcy-seeks-to-restructure-20230601-p5dd84

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Genesis Healthcare in deal with Welltower will take over some …

(6 days ago) WEBThe change in trajectory at Genesis — which shrank by a third from 2015 through last year — is happening because of a decision by Welltower Inc., a large …

https://www.inquirer.com/business/health/genesis-health-care-integra-welltower-nursing-homes-20230131.html

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Genesis HealthCare Wins in Drug Discount Plan Guideline Case

(4 days ago) WEBIn a case between Genesis HealthCare Inc. and HRSA, the US District Court for the District of South Carolina Florence Division said the federal agency overstepped …

https://news.bloomberglaw.com/health-law-and-business/genesis-healthcare-wins-in-drug-discount-plan-guideline-case

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Private equity is bankrupting American healthcare firms—literally

(6 days ago) WEBIn addition to the 17 PE-owned healthcare companies that filed for bankruptcy in 2023, there were at least 12 bankruptcies among healthcare companies with venture …

https://fortune.com/2024/05/03/private-equity-healthcare-bankruptcy-medical/

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Prime Healthcare's $62.2M bid accepted by bankrupt NJ hospital

(Just Now) WEBSaint Michael's Medical Center in Newark, N.J., which filed for bankruptcy protection in August, has accepted a $62.2 million bid from Ontario, Calif.-based Prime …

https://www.beckershospitalreview.com/hospital-transactions-and-valuation/prime-healthcare-s-62-2m-bid-accepted-by-bankrupt-nj-hospital.html

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HudPost - Bringing Hudson County Together

(Just Now) WEBBreaking News 4 weeks ago. Homicide Unit Investigating Fatal Shooting in Jersey City. Politics 4 weeks ago. Trigger Fingers Turn to Twitter Fingers in Hudson Co. Political …

https://hudpost.com/

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GenesisCare emerges from bankruptcy, cuts deal with government

(Just Now) WEBGenesisCare emerges from bankruptcy, cuts deal with government. Carrie LaFrenz and Jemima Whyte. Feb 18, 2024 – 6.12pm. Health officials will launch an …

https://www.afr.com/companies/healthcare-and-fitness/genesiscare-emerges-from-bankruptcy-cuts-deal-with-government-20240218-p5f5t5

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