| Business Summary | | Genesis
Health
Ventures,
Inc.
and
its
subsidiaries
provide
healthcare
and
support
services
to
the
elderly.
The
Company
has
developed
the
Genesis
ElderCare
delivery
model
of
integrated
healthcare
networks
to
provide
cost-effective,
outcome-oriented
services
to
the
elderly.
Genesis
provides
eldercare
in
the
eastern
United
States
through
a
network
of
skilled
nursing
and
assisted
living
centers.
Genesis
provides
long
term
care
support
services
nationwide
including
pharmacy,
medical
equipment
and
supplies,
rehabilitation,
group
purchasing,
consulting
and
facility
management.
Through
these
integrated
healthcare
networks,
Genesis
provides
inpatient,
pharmacy,
medical
supply
and
other
healthcare
services.
The
Company
also
provides
diagnostic,
respiratory
and
hospitality
services
in
selected
markets
and
operates
a
group
purchasing
organization. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GHVIQ
provides
specialty
medical
services,
institutional
pharmacy
and
medical
services,
community-based
pharmacies
and
subacute
care,
and
management
services
for
the
elderly.
For
the
nine
months
ended
6/01,
revenues
rose
6%
to
$1.91
billion.
Net
loss
before
acct.
change
applicable
to
Comm.
fell
82%
to
$97.8
million.
Revenues
reflect
the
consolidation
of
two
eldercare
centers.
Lower
loss
reflects
the
absence
of
a
$420
million
Multicare
joint
venture
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Walker, 52 Chairman,
CEO | $726K | David Barr, 50 Vice
Chairman | 505K | Richard Howard, 51 Vice
Chairman | 509K | George Hager, Jr., 45 CFO,
Exec. VP | 359K | Marc Rubinger, 51 Sr.
VP and CIO | -- | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|