Genesis Healthcare, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 07, 2019 at 06:00 am EST
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Genesis Healthcare, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 1,123.705 million compared to USD 1,217.271 million a year ago. Net income was USD 46.097 million compared to net loss of USD 58.128 million a year ago. Basic earnings per share was USD 0.42 compared to basic loss per share of USD 0.57 a year ago. Diluted earnings per share was USD 0.4 compared to diluted loss per share of USD 0.57 a year ago. For the nine months, sales was USD 3,430.397 million compared to USD 3,790.703 million a year ago. Net income was USD 26.015 million compared to net loss of USD 166.278 million a year ago. Basic earnings per share was USD 0.24 compared to basic loss per share of USD 1.66 a year ago. Diluted earnings per share was USD 0.21 compared to diluted loss per share of USD 1.66 a year ago.
Genesis Healthcare, Inc. is a holding company. The Company provides services to skilled nursing facilities and assisted/senior living communities. It also specializes in contract rehabilitation therapy, respiratory therapy, physician services, staffing services, and accountable care. It provides approximately 250 skilled nursing centers and senior living communities in 22 states nationwide. Its subsidiaries also supply rehabilitation therapy to approximately 1,400 locations in 43 states and the District of Columbia. It offers a range of services, which include rehabilitation therapy, memory support, long-term care, and assisted/senior living. Its rehabilitation therapy includes transitional care, short stay care, ventilator rehabilitation, dialysis, cardiac management, and pulmonary management. Its long-term care service provides 24-hour skilled nursing services for elderly residents and people with a chronic condition or a prolonged illness. It also offers hospice care services.
GENESIS HEALTHCARE, INC. 