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    News and Articles on Genesis Health Ventures (GHVI)


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    Coolidge House gets facelift  Nov 24, 2005
    In 2000, the nursing home's former management company, Genesis Health Ventures, filed for bankruptcy, and in 2004 the state launched an investigation after a patient's family complained that their 83-year-old relative suffered a broken knee and claimed a week passed before an X-ray was taken or her doctor was notified. At the time, administrators told the TAB that the nurse had been disciplined and they were working to educate the rest of the staff. (Town Online)

    Under the Courthouse Dome  Jul 20, 2005
    Barbara Cochran, personal representative for Anne Cochran, by her attorney, Mark Daneker, against Genesis Health Ventures, care of Corporation Trust, 300 E. Lombard St. Barbara Cochran alleges that on Dec. 4, 2000, Anne Cochran was admitted to Genesis Health for care after fracturing her hip and that, at that time, Genesis noted two pressure ulcers but failed to treat them appropriately and that, as a result, Cochran suffered severe pain, permanent physical injury and loss of enjoyment of life.... (Towson Jeffersonian, MD)

    Omnicare boosts takeover bid for NeighborCare  Jun 16, 2005
    In late 2003, NeighborCare spun off its elder care and rehabilitation business into a separate publicly traded company, Genesis Health Care Corp. Before the spinoff, Omnicare and Genesis Health Ventures had a takeover battle for NCS Health Care, which Omnicare ultimately won. The market responded positively to Omnicare's increased offer. (Yahoo Finance -- Retail (Drugs))

    NeighborCare buys California co.  May 6, 2005
    NeighborCare spun off from Genesis Health Ventures in late 2003. The company spent $785,000 in the quarter to fight off Kentucky-based Omnicare's takeover bid. (Baltimore Business Journal, MD)

    NeighborCare chairman makes $1M in first year  Dec 25, 2004
    Arlotta received an $850,000 salary for the 2004 fiscal year and a $130,000 bonus by spinning off Genesis Health Ventures. Arlotta also received a restricted stock grant worth about $6 million and more than 1 million stock options, according to NeighborCare's annual report filed Dec. 10 with the Securities and Exchange Commission. (Baltimore Business Journal, MD)

    Omnicare makes another push to buy NeighborCare  Jun 4, 2004
    Institutional pharmacy provider NeighborCare, formerly Genesis Health Ventures, five months ago spun off its elder care and rehabilitation business into a separate publicly traded company, Genesis HealthCare Corp. NeighborCare officials say the spinoff creates great potential for the company -- and it wants to realize that potential on its own, rather than under Omnicare's thumb ... In January of last year, Omnicare purchased NCS HealthCare Inc. for nearly $460 million, following a takeover... (Baltimore Business Journal, MD)

    NeighborCare rejects Omnicare bid  May 25, 2004
    The announcement comes just one day after Omnicare made public its offer to purchase all outstanding shares and assume all debt from NeighborCare, formerly a division of Genesis Health Ventures Inc.. John Arlotta, NeighborCare's chairman, president and CEO, said in a statement that his company is "in the early stages of executing on a business plan that management and the board believes will deliver significant long-term value.". (Louisville Business First, KY)

    Omnicare makes $1.5 billion offer to acquire competitor  May 24, 2004
    5 billion offer to buy NeighborCare Inc., which spun off from Genesis Health Ventures Inc. in December ... In January of last year, Omnicare purchased NCS HealthCare Inc. (OTCBB: NCSS.OB) for nearly $460 million, following a takeover battle with rival Genesis Health Ventures. (Louisville Business First, KY)

    Verispan ranks nursing home chains  May 19, 2004
    Genesis Health Ventures, based in Kennett Square, Pa. ranked seventh, up from an eighth place ranking in 2002. (Philadelphia Business Journal, PA)

    NeighborCare's profits rise; CFO resigns  May 14, 2004
    Last year, Genesis Health Ventures Inc. announced that it would spin off its elder care and rehabilitation businesses into a separate publicly traded company, Genesis HealthCare Corp. Genesis Health Ventures Inc. took the name of NeighborCare, which had been a company subsidiary. NeighborCare provides institutional pharmacy services to long-term care and skilled nursing facilities, specialty hospitals and assisted and independent living communities. (Baltimore Business Journal, MD)

    August 6, 2003 issue (dig080603.txt)  Jan 22, 2004
    STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ 21ST CENTURY HOLDING CO FL X 08/04/03 AAIPHARMA INC DE X X X 08/05/03 ACCREDITED MORT LOAN TRUST ASSET BAC DE X 07/25/03 ACME COMMUNICATIONS INC DE 08/05/03 ACNB CORP PA X 08/01/03 ADVANCED TOBACCO PRODUCTS INC TX X 08/01/03 ADVANSTAR COMMUNICATIONS INC NY X X 08/05/03 ADVANSTAR INC DE X X 08/05/03 AEROFLEX INC DE X 07/31/03 AGILE SOFTWARE... (U.S. Securities and Exchange Commission -- Digest)

    October 20, 2003 issue (dig102003.txt)  Jan 22, 2004
    STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 10 11 12 13 DATE COMMENT ------------------------------------------------------------------------------------------------ AAMES FINANCIAL CORP/DE DE X 07/31/03 AAMES FINANCIAL CORP/DE DE X 08/31/03 ABLE ENERGY INC DE X 10/17/03 ACCELR8 TECHNOLOGY CORP CO X X 10/15/03 ACNB CORP PA X X 10/17/03 AMEND ADVANCED MICRO DEVICES INC DE X 10/16/03 AETRIUM INC MN X X 10/16/03 AFLAC INC GA X 10/17/03 AK STEEL HOLDING CORP DE X X 10/16/03 ALAMOGORDO... (U.S. Securities and Exchange Commission -- Digest)

    October 27, 2003 issue (dig102703.txt)  Jan 22, 2004
    STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 10 11 12 13 DATE COMMENT ------------------------------------------------------------------------------------------------ 21ST CENTURY INSURANCE GROUP CA X 10/23/03 7 ELEVEN INC TX X 10/23/03 99 CENT STUFF INC FL X X X X 09/04/03 99 CENTS ONLY STORES CA X 10/21/03 AMEND ABLEAUCTIONS COM INC FL X X 10/23/03 ABLEST INC DE X X 10/24/03 ACCREDITED HOME LENDERS HOLDING CO DE X X 10/23/03 ACNB CORP PA X X 10/24/03 ACTEL CORP CA X X 10/17/03... (U.S. Securities and Exchange Commission -- Digest)

    October 15, 2003 issue (dig101503.txt)  Jan 22, 2004
    STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 10 11 12 13 DATE COMMENT ------------------------------------------------------------------------------------------------ ABC BANCORP GA X X 10/09/03 ACCREDITED MORTGAGE LOAN TRUST 2003-2 DE X X 09/25/03 ACNB CORP PA X X 10/01/03 ACTERNA CORP DE X X 09/25/03 ACTERNA CORP DE X 10/08/03 ADOLOR CORP X X 04/14/02 AMEND AGCO CORP /DE DE X 10/03/03 AIRPLANES LTD DE X 10/10/03 AKORN INC LA X X 10/09/03 AKSYS LTD DE X X 10/09/03 ALAMOSA HOLDINGS... (U.S. Securities and Exchange Commission -- Digest)

    IPOs are on the rise  Dec 26, 2003
    It also worked on complex fund-raising and refinancing deals for Genesis Health Ventures Inc. of Kennett Square and General Cable Corp. of Highland Heights, Ky. that totaled nearly $1 billion (Philadelphia Business Journal, PA)

    Business People  Dec 21, 2003
    Prior to that, she worked for Genesis Health Ventures in Delaware and Pennsylvania. Blue Cross Blue Shield of Delaware has hired Keith B. Richard as director of claims (The News Journal, DE)

    Genesis Health splits  Dec 4, 2003
    Genesis Health Ventures executives' spirits were still high later in the week after it split its operations in two on Monday. Genesis HealthCare Corp., which operates more than 210 nursing facilities in 12 states, will operate the nursing homes and assisted-living facilities, while NeighborCare Inc. will be a pharmacy company serving long-term-care institutions (Kennett Paper, PA)

    Genesis HealthCare initiated with "buy"  Dec 3, 2003
    Genesis HealthCare initiated with "buy" | newratings. US | NASDAQ | Genesis HealthCare (New Ratings)

    NeighborCare initiated with "buy"  Dec 3, 2003
    In a research note published this morning, the analysts mention that Genesis Health Ventures announced yesterday that it is changing its name to NeighborCare Inc. The company is the third largest institutional pharmacy in the US with 248,000 beds, the analysts add. The increasing demand for long term care and drug utilization would drive the company's revenue growth in the medium term, Legg Mason believes (New Ratings)

    Daily Briefing  Dec 2, 2003
    Genesis becomes two companies. Genesis Health Ventures Inc. on Monday completed its announced separation of its nursing home and institutional pharmacy businesses, creating two new companies that will begin trading separately on the Nasdaq National Market today (The News Journal, DE)

    Genesis Health becoming two companies  Dec 1, 2003
    Jefferson Medical creates health policy department. Genesis Health Ventures Inc. of Kennett Square, Pa (Philadelphia Business Journal, PA)

    Santa, parade and tree lighting begin the holiday season  Nov 29, 2003
    The parade will start off from the Genesis Health Ventures parking lot on Broad Street and proceed up to State Street, turn left and continue down past Center Street. Each Sunday between Thanksgiving and Christmas free horse drawn carriage rides will be offered between noon and 3 p.m. The rides are sponsored by Genesis Health Ventures, Bove Jewelers, the Hilton Garden Inn, the Simpers Agency, First Keystone Bank and the People's Bank of Oxford (Kennett Paper, PA)

    Genesis Health to Spin Off Division Dec 1  Nov 14, 2003
    LOS ANGELES (Reuters) - Genesis Health Ventures Inc. on Friday announced Dec. 1 as the distribution date for the previously announced spin-off of its eldercare and rehabilitation businesses into a separately traded public company, Genesis Healthcare Corp.. In a one-for-two stock dividend Genesis Health Ventures shareholders of record as of Oct. 15 will receive 0 (Boston.com, MA)

    Borough beautification committee honors late leader, Everitt ...  Nov 13, 2003
    The serviceberries, native, slow-growing tree that produce little black berries, were planted in the raised bed along the Genesis Building walkway on Saturday morning. Bill Simeral, Longwood Garden's liaison to the Beautification Committee, said it wouldn't have been possible without the "generous support" of the Kennett Square merchants, who help maintain the flower barrels placed around the borough, and Genesis Health Ventures which donated money to the committee, making purchases possible (Kennett Paper, PA)

    Let them play pool?  Oct 24, 2003
    Duffy said she works at Genesis Health Ventures in Kennett Square and has lived in the borough for five years. She said she will be entering the real estate field soon (Chester Daily Local Online, PA)

    Of epicycles and overlays  Oct 16, 2003
    For instance, they have a provision that Genesis Health Ventures qualifies to be in the retail district because it is in a very big building. And recently, they made a change to let in beauty parlors (Kennett Paper, PA)



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