Filing Alert: Genesis HealthCare Chapter 11
Genesis HealthCare Files Chapter 11 in Northern District of Texas
Genesis Healthcare, Inc. and its debtor affiliates⁽¹⁾, a Kennett Square, PA-based operator of skilled nursing facilities, filed for Chapter 11 protection on Jul. 9 in the U.S. Bankruptcy Court for the Northern District of Texas.
Despite portfolio rationalization efforts beginning in 2017 and a 2021 recapitalization with ReGen Healthcare that narrowly avoided bankruptcy amid COVID-19 liquidity strains, the company grappled with insurmountable legacy liabilities from personal injury and wrongful death claims, cross-collateralization, and deferred capital expenditures. The debtors aim to maximize value through a section 363 sale of substantially all assets, backed by a $30 million junior DIP facility from term lenders and a stalking horse bid from ReGen affiliates.
The company reports $1 billion to $10 billion in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-80185.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors

Top Unsecured Claims

Key Parties
Counsel:
- Marcus A. Helt
- McDermott Will & Emery LLP
- Email: mhelt@mwe.com
Financial Advisor / CRO:
- Ankura Consulting Group (Russell A. Perry)
Investment Banker:
- Jefferies, LLC
Claims Agent:
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.
Subscribers can also opt in to timely filing alerts by updating their email preferences in Account Settings.