Genesis HealthCare Finalizes Agreement With U.S. Department of Justice
June 16 2017 - 3:30PM
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.
Contact:
Jeanne Moore, Genesis HealthCare
484-949-5647
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