Fallen nursing home operator Genesis Healthcare proposed compensation plans for its senior leadership team as it grapples with recent employee resignations and delays in closing the sale of its assets in bankruptcy.
Genesis sought court approval of a $1.4 million incentive plan for senior executives, a separate $1.6 million incentive program tied to 2025 employee performance, and a revised retention plan that would disburse $6.6 million to non-insider employees, according to a Feb. 28 filing in the US Bankruptcy Court for the Northern District of Texas.
The operator, which filed for Chapter 11 in July 2025, said it’s struggling to ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.