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Genesis Health System history
Genesis Health System company history timeline
Genesis originally consisted of two hospitals that joined on May 24, 1994, to form the system.
The merger was completed in 1994.
In 1995 the second one was erected to provide office space for the growing number of physicians.
In 1995 Good Samaritan developed a provider-sponsored HMO in collaboration with 14 Ohio community hospitals, including Bethesda, to form Community Hospitals of Ohio.
In 1997 Bethesda and Good Samaritan made their commitment permanent when they combined operations and became Genesis HealthCare System.
In 1999, the Federal government made drastic, unanticipated cuts to Medicare, which at that time funded virtually all the care for individuals admitted to Genesis Centers from hospitals.
Genesis Health Ventures fought to stay solvent, but was forced to seek Chapter 11 protection in 2000.
In 2001, the company reorganized and reemerged as a stronger entity, retaining its focus on delivering high quality health care.
Genesis HealthCare was created in 2003 as a result of a spin-off from Genesis Health Ventures.
In 2007, private equity investors Formation Capital and JER Partners assumed ownership of Genesis HealthCare, taking the Company private.
In 2011, Health Care REIT, Inc. (HCN), a health care real estate investment trust, acquired substantially all of Genesis' real estate assets.
Genesis Health System acquired Mercer County Hospital and Mercer County Nursing Home and Medical Associates Clinic on February 1, 2013.
Genesis HealthCare announced that effective February 2, 2015, it completed its previously announced combination with Skilled Healthcare Group, Inc.
The renovation project was completed on time in June, 2015 and on budget at $12 million.
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Genesis Health System competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bay Regional Medical Center | 1899 | $260.0M | 1,800 | - |
| Gulf Coast Medical Center | - | $81.4M | 500 | 7 |
| Whittier Hospital Medical Center | 2001 | $89.0M | 750 | - |
| Advocate Aurora Health | 1984 | $12.0B | 75,000 | 1,282 |
| TriStar Skyline Medical Center | - | $9.0M | 330 | 15 |
| Avera Health | 1897 | $1.4B | 15,000 | 617 |
| Banner Health | 1999 | $7.8B | 50,000 | 1,942 |
| Allen Memorial Hospital | - | $500,000 | 50 | - |
| Genesis HealthCare | 1985 | $3.8B | 68,700 | 4,014 |
| Eau Claire Cooperative Health Centers | 1981 | $28.0M | 50 | 10 |
Genesis Health System history FAQs
Zippia gives an in-depth look into the details of Genesis Health System, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Genesis Health System. The employee data is based on information from people who have self-reported their past or current employments at Genesis Health System. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Genesis Health System. The data presented on this page does not represent the view of Genesis Health System and its employees or that of Zippia.
Genesis Health System may also be known as or be related to GENESIS HEALTH SYSTEM, Genesis Health Group LLC and Genesis Health System.