Tag Archives: Nursing

Nursing home chain with 175 facilities files for bankruptcy… as devastating senior care crisis hits new low

Nursing home chain with 175 facilities files for bankruptcy… as devastating senior care crisis hits new low

A major nursing home chain with 175 senior living facilities across 17 states has filed for bankruptcy. The bankruptcy plunges a further 15,000 senior residents into the ongoing care crisis sweeping the United States.  Genesis Healthcare said it was shelling out $8 million a month on personal-injury and wrongful death claims, a situation that became financially untenable.  At its height …

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