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Genesis Healthcare gets private-equity investment for nursing homes, will lose PowerBack facilities

The investment will effectively put the Kennett Square company back under private-equity control.

Burlington Woods, in Burlington, is among the nursing homes Genesis Healthcare Inc. operates in the Philadelphia region. Genesis announced a major restructuring Wednesday, but did not say which Philadelphia area facilities will be taken over by different operators.
Burlington Woods, in Burlington, is among the nursing homes Genesis Healthcare Inc. operates in the Philadelphia region. Genesis announced a major restructuring Wednesday, but did not say which Philadelphia area facilities will be taken over by different operators.Read moreMICHAEL BRYANT / Staff Photographer