Genesis Healthcare Bankruptcy $259M+, Nursing Home Residents May Get Nothing While Executives Collect Bonuses
Genesis Healthcare, one of the largest skilled nursing facility operators in the United States, filed for Chapter 11 bankruptcy on July 9, 2025, carrying over $2 billion in debt. On March 24, 2026, a Texas bankruptcy judge approved $7.3 million in bonuses for Genesis executives and employees. Meanwhile, Genesis’s own Chief Restructuring Officer acknowledged that…
