Genesis Healthcare

Genesis Healthcare is a holding company whose subsidiaries collectively form one of the largest post-acute care providers in the United States. The company offers inpatient services, rehabilitation and respiratory therapy services, and a full range of administrative services to its affiliated operators through its administrative services subsidiaries. Genesis Healthcare also provides management services to third-party operators under contract through its management services subsidiary. The healthcare operating subsidiaries prioritize providing quality care, with skilled nursing facility subsidiaries forming the largest part of the consolidated business. These facilities are dedicated to treating high-acuity patients who need a high level of skilled nursing care and extensive rehabilitation therapy. Genesis Healthcare's services primarily address the medical and physical needs of elderly patients. These services are delivered by employees of its skilled nursing facilities, assisted/senior living communities, integrated and third-party rehabilitation therapy business, and other ancillary services. As of December 31, 2020, the company had three reportable operating segments: (1) inpatient services, which includes the operation of skilled nursing facilities and assisted/senior living facilities and represents the largest portion of the business; (2) rehabilitation therapy services, encompassing integrated and third-party rehabilitation and respiratory therapy services; and (3) all other services. For the year ended December 31, 2020, the inpatient services segment generated approximately 86% of the company's revenue, the rehabilitation therapy services segment generated approximately 10% of revenue, and all other services accounted for the remaining balance.