Bankruptcy and Courts

Genesis HealthCare, once the nation’s largest nursing home chain, is using Chapter 11 proceedings in Dallas to shed roughly $259 million in liabilities from nearly 1,000 settled and pending resident injury/death suits, with a Dec. 10 hearing set to approve a sale of assets to its largest private‑equity investor. A KFF Health News/CBS review of 155 settlement agreements and filings shows Genesis deferred payments in many cases—paying nothing in 85 and only partial amounts in 70—and still owes $41 million of $58 million agreed, as the company says it denies wrongdoing and was spending $8 million per month on litigation.