Bankruptcy ImpactGenesis Healthcare Group, one of the largest skilled nursing operators in the United States, announced that it has filed for Chapter 11 bankruptcy.
Financial ChargesHCSG estimates a second quarter non-cash charge of approximately $0.62 per share due to the Genesis filing.
Revenue DependencyGenesis is Healthcare Services Group’s largest customer, accounting for $148.9 million, or 8.7%, of revenue in 2024.