Genesis HealthCare (GEN) Misses Q2 EPS by 27c

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Go back to Genesis HealthCare (GEN) Misses Q2 EPS by 27c

Genesis Healthcare Reports Second Quarter 2016 Results

August 4, 2016 4:35 PM EDT

KENNETT SQUARE, Pa., Aug. 4, 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 second quarter ended June 30, 2016. 

Summary of Recent Financing Activity 

Addresses near-term refinancing and liquidity risks by entering into a new $120 million four-year term loan agreement on July 29, 2016 and paying off the prior term loan that would have matured in December 2017; Obtains greater flexibility to operate and grow by establishing covenants with significant credit... More