Departing CEO paid $5.2 million ‘retention’ bonus by nursing home chain that lost 2,800 residents to covid Will Englund © Avi Steinhardt/Avi Steinhardt/For the Philadelphia Inquirer Genesis Healthcare CEO George Hager poses in the gym of Powerback Rehab in 2016 in Voorhees, N.J. Hager received a $5.2 million “retention payment” in late October but retired earlier this month. Buffeted by covid-19, struggling with crumbling finances, one of America’s largest nursing home chains gave its CEO a $5.2 million “retention payment” in late October, just as the second big wave of the pandemic was rising. On Jan. 5, nonetheless, George Hager Jr. retired as head of Genesis HealthCare.
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COVID vaccine comes to nursing homes, hurt medically and financially
Jeanne Peters, 95, a rehab patient at The Reservoir, a nursing facility, was given the first COVID-19 vaccination in a Connecticut nursing home Friday, Dec. 18, 2020, in West Hartford. Administering the vaccine is Mary Lou Galushko, a CVS pharmacist from North Haven, left. Staff members showered her with confetti after. At rear is Bob Atighechi, a CVS pharmacist from Rocky Hill. (AP Photo/Stephen Dunn)
Genesis HealthCare, the largest publicly traded nursing home company in the United States, invited the press to watch its chief medical officer and others be vaccinated Friday against a novel coronavirus that poses an existential threat to the company.
Published December 18. 2020 8:38PM | Updated December 18. 2020 8:50PM
Mark Pazniokas, The Connecticut Mirror
Genesis HealthCare, the largest publicly traded nursing home company in the United States, invited the news media to watch its chief medical officer and others be vaccinated Friday against a novel coronavirus that poses an existential threat to the company.
The first COVID-19 vaccination at a Connecticut nursing home went to Dr. Richard Feifer. A CVS vaccinator inoculated Feifer as he sat outside The Reservoir in West Hartford, one of the 360 facilities operated in 25 states by the struggling Genesis HealthCare.
“This is all about leadership. The only way out of this pandemic not just for nursing homes, but for society is through mass vaccination,” said Feifer, who is also the executive vice president of Genesis. “And the faster we can get there, the better.”