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Home > Company Index > Health Products & Services > Long-Term Care Facilities > Genesis Health Ventures, Inc.
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Genesis Health Ventures, Inc. |
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PROFILE |
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In the beginning there was profit in elder care, but now Genesis Health Ventures is wondering. Genesis owns or manages about 300 geriatric care facilities. These facilities, located in some 15 eastern and midwestern states, include long-term-care, assisted-living, and independent-living centers. Its NeighborCare pharmaceutical and medical supply operation includes over 100 institutional and medical center pharmacies and distribution centers and accounts for almost 40% of revenues. The company is struggling with cutbacks in Medicare reimbursement and has filed for Chapter 11 bankruptcy. Buyout firms Texas Pacific Group and Cypress Group each own about a third of the company.
COMPETITION |
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Beverly Enterprises, Inc. (BEV)
Integrated Health Services, Inc. (IHSVQ)
Manor Care, Inc. (HCR)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: September
2000 Sales (mil.): 2,433.90
1-Yr. Sales Growth: 30.4%
Employees: 46,000
Revenue per employee: $52,910.87
KEY PEOPLE |
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Michael R. Walker
CEO
George V. Hager
CFO
CONTACT INFO |
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101 E. State St.
Kennett Square, PA 19348
US
Phone: 610-444-6350
Fax: 610-925-4100
Online: Web Site
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