Genesis HealthCare Finalizes Agreement With U.S. Department of Justice6/16/2017
Genesis HealthCare, one of the nation’s largest providers of post-acute care, has finalized its previously reported agreement with the U.S. Department of Justice and related government agencies to resolve a legacy Sun Healthcare therapy matter in Georgia, a Skilled Healthcare therapy matter related to certain facilities in the Midwestern United States and a Skilled Healthcare hospice matter related to the Las Vegas Creekside Hospice False Claims Act litigation pending in federal court. A Skilled Healthcare legacy investigation related to staffing in certain California facilities arising from a state court action in 2010 was also resolved.
Genesis executed the settlement on June 9, 2017 and will pay $53.6 million, including interest.
Genesis denies the allegations in these legacy matters that arose prior to the acquisition of Sun Healthcare in 2012 and the combination with Skilled Healthcare in 2015. Genesis operates in a heavily regulated industry and is pleased to resolve these legacy matters acquired in the Sun Healthcare and Skilled Healthcare transactions.
About Genesis HealthCare
Genesis HealthCare (NYSE: GEN) is a holding company with subsidiaries that, on a combined basis, comprise one of the nation’s largest post-acute care providers with more than 450 skilled nursing centers and assisted/senior living communities in 30 states nationwide. Genesis subsidiaries also supply rehabilitation and respiratory therapy to approximately 1,700 healthcare providers in 45 states, the District of Columbia and China. References made in this release to “Genesis,” “the Company,” “we,” “us” and “our” refer to Genesis HealthCare and each of its wholly-owned companies. Visit our website at www.genesishcc.com.