KENNETT SQUARE, PA — Genesis Healthcare, Inc. moved Thursday to steady employees, patients, and creditors after a bankruptcy court ruling reopened the auction process in the company’s ongoing Chapter 11 proceedings, with leadership reaffirming that the restructuring remains central to the long-term future of the senior care operator.
David Harrington, executive chairman of Genesis, said the court-supervised process is intended to preserve operational momentum built over the past several years while securing financial stability for the company’s more than 170 skilled nursing, assisted living, and senior living communities across 17 states.
Harrington said Genesis has strengthened operations through a shift from centralized management to a market-based model, paired with a sweeping overhaul of its executive leadership team. He said the decision to pursue Chapter 11 was made to protect and extend those gains, not reverse them, and remains the board’s preferred path forward.
The ruling followed renewed public scrutiny of Genesis’ financial history, including references to a potential bankruptcy filing considered in 2021. Harrington said that filing was avoided after a $100 million investment from ReGen Healthcare, which he described as a critical intervention that allowed Genesis to restructure outside of court at the time.
He also addressed criticism tied to the company’s 2011 decision to transfer ownership of skilled nursing facilities to Welltower, Inc. and lease them back under a master agreement. Harrington said none of the current board members or officers were involved in those decisions and emphasized that the transactions occurred a decade before ReGen’s involvement.
Genesis leadership said patient care has remained insulated from the restructuring process. The company cited independent patient satisfaction surveys conducted in 2025 showing favorable ratings of 91% for relationships with staff, 89% for leadership’s safety measures, and 87% for staff interaction. Genesis also reported a 6% year-over-year reduction in employee turnover and an overall Google rating of 4.3 out of 5 stars.
Harrington said decisions before the bankruptcy court regarding ownership will not affect day-to-day operations and urged observers to recognize the work of frontline staff continuing to care for elderly and medically fragile patients during the restructuring.
Court filings and additional information related to the Chapter 11 proceedings are available through the case administrator. Genesis said it remains open to engagement with local, state, and federal officials seeking firsthand insight into operations at its facilities.
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