Genesis Rehab Services was initially established as the Speech and Hearing Network to provide speech-language pathology and audiology services.
Genesis Health Ventures (now Genesis HealthCare), a public company that was starting to grow through the acquisition of nursing homes and related services, acquired the Speech and Hearing Network. Genesis expanded the Speech and Hearing Network’s scope to include physical and occupational therapies in addition to speech-language pathology services. To read the full history of Genesis HealthCare, click here.
To reflect the multidisciplinary approach to care provided through physical, occupational, and speech therapy services, the Speech and Hearing Network changed names to Team Rehabilitation, Inc.
1989 - 1996
The company continued to grow via additional acquisitions and mergers. In 1996, the company changed its name to Genesis ElderCare Rehabilitation Services.
The company underwent its final name change to Genesis Rehabilitation Services (now known as Genesis Rehab Services). This name reflects the broad scope of rehabilitation services provided to our large customer base.
In 2007, private equity investors Formation Capital and JER Partners took Genesis HealthCare (and Genesis Rehab Services) private.
Genesis Rehab Services integrated Respiratory Health Services, a Genesis HealthCare Corporation subsidiary, into its everyday operations. This integration added a fourth discipline, respiratory therapy, to its menu of services, making it possible to achieve a highly coordinated and comprehensive care delivery model and giving business partners distinct advantages in census management and expanded clinical capabilities.
In 2011, Health Care REIT, Inc. (HCN), a health care real estate investment trust, acquired substantially all of Genesis HealthCare Corporation’s' real estate assets and leased these properties back to Genesis HealthCare.
Genesis HealthCare announced that effective December 1, 2012, it completed the acquisition of Sun Healthcare Group, Inc. (Sun) (NASDAQ GS: SUNH). The merger of the two companies not only created one of the largest skilled nursing providers in the country, but it also expanded Genesis Rehab Services’ business to approximately 1,500 contracts in 44 states and the District of Columbia.
On February 2, 2015, Genesis Rehab Services combined with Hallmark Rehabilitation as part of a larger transaction between parent companies Genesis HealthCare and Skilled Healthcare. This combined company, which maintained the Genesis name, helped GRS grow to more than 1,600 locations in 46 states and the District of Columbia. The company also went public on this date.
Today Genesis Rehab Services employs approximately 16,000 therapists and assistants in more than 1,500 locations. We operate in 46 states and the District of Columbia, and we touch 55,000 patients each day.