Nursing homes
Court approves Genesis HealthCare's sale of 175 nursing homes; all to stay open
A bankruptcy court approved Genesis HealthCare's nearly $1 billion sale of its nursing home business to an affiliate of New Generation Health, and the company says all 175 facilities stay open with care continuing as usual.
Key facts
- Skilled Nursing News reported on October 14 that Genesis HealthCare won court approval that Wednesday to sell its nationwide nursing home business to an affiliate of New Generation Health LLC for nearly $1 billion as part of its bankruptcy.
- The buyer, 101 West State Street LLC, takes over operations and employees, including 22 Pennsylvania nursing homes through a direct lease.
- All 175 facilities will remain open, with some awaiting regulatory approval to transfer ownership and operating temporarily under interim managers and existing Genesis licenses.
What happened
Skilled Nursing News reported on October 14 that Genesis HealthCare won court approval that Wednesday to sell its nationwide nursing home business to an affiliate of New Generation Health LLC for nearly $1 billion as part of its bankruptcy. The buyer, 101 West State Street LLC, takes over operations and employees, including 22 Pennsylvania nursing homes through a direct lease.
All 175 facilities will remain open, with some awaiting regulatory approval to transfer ownership and operating temporarily under interim managers and existing Genesis licenses. A Genesis spokesperson said, "Center operations continue as usual, with no interruption to patient and resident care."
What it means for families
A change of owner does not change a resident's rights. Families can expect notices about the transfer, and should watch for changes in staffing, policies or billing.
For example: if your mother's nursing home is changing hands, ask whether her care plan, her doctor and her room stay the same, and who to call with billing questions.
Some homes in the deal will run for a time under interim managers while ownership transfers are approved. That period is a good time to keep in close touch with the nurse manager.
What this means in New York: in New York, nursing home ownership changes need state approval. Families can ask the home for notice of the application and any public comment period.
Quick answers
Will Genesis nursing homes stay open after the sale?
All 175 facilities will remain open, with some awaiting regulatory approval to transfer ownership and operating temporarily under interim managers and existing Genesis licenses. A Genesis spokesperson said, "Center operations continue as usual, with no interruption to patient and resident care."
What to do this week
- If your relative's nursing home is changing owners, ask for written notice of what is changing and when.
- Ask whether staff, doctors and the care plan will stay the same.
- Check the home's inspection history on Medicare's Care Compare over the next few months.
- Keep copies of any new admission or billing paperwork you are asked to sign.
Sources
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