Genesis HealthCare Announces Leadership Change
January 05 2021 - 8:30AM
Genesis Healthcare, Inc. (Genesis, or the Company)
(NYSE:
GEN), one of the largest post-acute care
providers in the United States, announced today that George V.
Hager, Jr. has decided to retire as the Company’s Chief Executive
Officer (CEO) and Director. Genesis’ Board of Directors has
appointed the Company’s current Chairman of the Board, Robert
(“Bob”) H. Fish as CEO, effective today, January 5, 2021. Bob will
remain Chairman of the Board.
Mr. Fish, a member of the Genesis Board of Directors since 2013
and Chairman since 2017, has extensive experience as a healthcare
company executive, including significant experience in the
long-term care industry. Mr. Hager will continue in a senior
advisory role to the Company’s Board of Directors.
“The Board and I would like to thank George for 28 years of
unwavering leadership and tireless commitment and service to the
Company, its employees, patients, residents and families, and to
the entire post-acute industry,” said Mr. Fish. “We are pleased
that George will serve as a senior advisor to me and the Board of
Directors, assisting with the transition, ongoing restructuring
efforts and continued advocacy for the Company and the
industry.”
“We are fortunate to have Bob step in as a leader with
significant experience both inside and outside of Genesis. He
brings expertise and continuity essential to Genesis as we continue
to navigate the impact of COVID-19 and explore avenues to
strengthen the Company financially,” said Mr. Hager. “It has been
my honor to serve and lead this Company over the last 17 years. I
would like to thank the senior management team as well as our
Center leaders and caregivers for their dedication and commitment
to Genesis and our patients, residents and families. I am also
proud to have had the opportunity to bring our founder, Michael R.
Walker’s, vision to fruition these many years,” continued Mr.
Hager.
“I am pleased to become Genesis’ Chief Executive Officer and am
excited to lead the Company as we look to emerge from the pandemic
and navigate to recovery,” said Mr. Fish. “I look forward to
sharing my vision and direction for the Company in the coming
months.”
Mr. Fish has a long history with Genesis and its predecessor
companies Genesis HealthCare Corp. and Genesis Health Ventures,
Inc. He has served on its current Board of Directors since 2013
when he joined Skilled Healthcare Group, Inc. as CEO until its
merger with Genesis in 2015. Additionally, from 2003 to 2007, he
served as Lead Director of Genesis HealthCare Corp., and from 2002
to 2003 he served as Chairman and Chief Executive Officer of
Genesis Health Ventures, Inc. During his career, Mr. Fish has
served as Chairman, President or CEO of several other healthcare
companies. Most recently, from 2018 to July 2020, he served as
President, CEO and Director of Quorum Health Corporation, a
publicly held operator of general acute care hospitals and
outpatient services. From 2008 to 2012, he served as Chairman of
REACH Medical Holdings, a regional air medical transport company,
from 2005 to 2006 he served as Executive Chairman of Coram, Inc., a
large home infusion provider. Previously, Mr. Fish served as
President and Chief Executive Officer of St. Joseph Health
System—Sonoma County and Valleycare Health System, both regional
hospital systems in Northern California.
About Genesis HealthCareGenesis HealthCare is a
holding company with subsidiaries that, on a combined basis,
comprise one of the nation's largest post-acute care companies,
providing services to more than 325 skilled nursing facilities and
assisted/senior living communities in 24 states nationwide. Genesis
subsidiaries also supply rehabilitation therapy to approximately
1,100 healthcare providers in 44 states, the District of Columbia
and China. References made in this release to "Genesis,"
"the Company," "we," "us" and "our" refer to Genesis Healthcare,
Inc. and each of its wholly-owned companies. Visit our website
at www.genesishcc.com.
Genesis Healthcare Contact:Investor
Relations610-925-2000
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