A struggling Pennsylvania nursing home company says it did nothing wrong in providing a multi-million dollar severance package for its former CEO, even as it pondered bankruptcy protection and more than 2,800 of its residents were dying from Covid-19.
In a Wednesday statement released at the start of a Senate Finance Committee hearing about the nursing home industry’s pandemic response, Genesis HealthCare Inc., said its compensation for company executives—including a $5.2 million retention bonus to former CEO George V. Hager—was “contractual, fair and appropriate.”
Responding to an angry inquiry from
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