Genesis HealthCare (GEN) Misses Q1 EPS by 4c, Offers FY Guidance

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Go back to Genesis HealthCare (GEN) Misses Q1 EPS by 4c, Offers FY Guidance

Genesis HealthCare Reports First Quarter 2016 Results

May 9, 2016 5:00 PM EDT

KENNETT SQUARE, Pa., May 9, 2016 /PRNewswire/ -- Genesis HealthCare (Genesis, or the Company) (NYSE: GEN), one of the largest post-acute care providers in the United States, today announced operating results for the first quarter ended March 31, 2016. 

Summary

(Unless otherwise noted, all comparisons are made to the first quarter of 2015 presented on a pro forma basis as if the Skilled Healthcare Combination occurred on January 1, 2015)

First quarter 2016 adjusted EBITDAR was $178.4 million, reflecting $6 million of higher levels of self-insured risk and bad debt expense, compared with pro forma... More