Genesis HealthCare Corporation (GHC) is a provider of healthcare and support services to the elderly in the United States. GHC is also one of the nation’s largest long-term care and rehabilitation therapy providers.
Genesis HealthCare in the News
- Genesis HealthCare’s Shares Double in ValueLeading up to Genesis HealthCare’s first quarter earnings release and conference call, the company’s share price took off. The rise started on May 22 when it jumped by 22% on high volume, but then it added another 35% on volume that was 10 times the average. In the... Read more
- Harborview Capital Partners Announced Several FinancingsHarborview Capital Partners announced a series of recent closings for several clients across the country. First, the firm worked with a national lending partner to arrange an $81 million loan to refinance a portfolio of four skilled nursing facilities and one assisted living community in Maryland. The loan... Read more
- Genesis HealthCare & Capital Senior Living Put On Notice By NYSESo far, two of the publicly traded senior care companies have received notices from the New York Stock Exchange warning them that they are out of compliance with the continued listing standard that requires a minimum average closing price of $1.00 per share over a consecutive 30 trading-day... Read more
- Genesis HealthCare Sees Share Value ReboundIt’s no surprise that Genesis HealthCare has seen a significant drop in its share value as a result of Covid-19. The company owns and operates facilities that care for a medically-complex population that is most vulnerable to the virus, which is a huge risk in itself. The horrifying situation at a Life Care... Read more
- CIT Closes New Generation/Genesis Financing PackageCIT Group Inc. announced its involvement in New Generation Health LLC’s takeover of 19 senior care facilities previously operated by Genesis HealthCare, leading the way on a nearly $100 million financing package. The facilities are located in California, Washington and Nevada and include skilled nursing, assisted living and... Read more