CONTACT:Investor RelationsLori Mayer, Genesis HealthCare610-925-2000Media RelationsJeanne Moore, Genesis HealthCare484-949-5647
KENNETT SQUARE, Pa., Nov. 22, 2016 (GLOBE NEWSWIRE) -- Genesis HealthCare (Genesis or the Company), one of the nation's largest providers of post-acute care, today announced that Robert A. "Mike" Reitz, Executive Vice President and Chief Operating Officer of the Company, will retire effective January 1, 2017. The Company also announced the appointment of Paul D. Bach as Chief Operating Officer - Genesis HealthCare effective January 1, 2017 to succeed Mr. Reitz. From now until January 1, 2017, Mr. Reitz will remain in his current position. Beginning January 1, 2017, Mr. Reitz will support the Company on a limited project basis focused on the leadership transition and other strategic initiatives such as relationship development with acute care systems and performance improvement projects. "Mike has spent over 40 years working in the long-term care industry, the last 25 years in service to Genesis," notes George V. Hager, Jr., Chief Executive Officer of Genesis. "I'd like to thank Mike for his unparalleled commitment and dedication to Genesis. His leadership and wisdom have been a part of every major initiative we've undertaken in nearly three decades, and his influence on Genesis is far-reaching. In Mike's own words, he 'has chosen to make Genesis his life's work.' I am thrilled to say that we will continue to benefit from Mike's involvement in key strategic opportunities for a period of time." Mr. Bach, who has served the Company in various roles, including Executive Vice President, Senior Vice President, Regional Vice President, Regional Director and Nursing Home Administrator, has been a valuable member of the Genesis management team for more than 32 years. Most recently, Mr. Bach served as the Company's Executive Vice President of the Mid-Atlantic/Southeast Division since 2009 and Senior Vice President of the Capital Region from 1997 to 2009. About Genesis HealthCare Genesis HealthCare (NYSE:GEN) is a holding company with subsidiaries that, on a combined basis, comprise one of the nation's largest post-acute care providers with approximately 500 skilled nursing centers and assisted/senior living communities in 34 states nationwide. Genesis subsidiaries also supply rehabilitation and respiratory therapy to more than 1,700 healthcare providers in 45 states and the District of Columbia. References made in this release to "Genesis," "the Company," "we," "us" and "our" refer to Genesis Healthcare, Inc. and each of its wholly-owned companies. Visit our website at www.genesishcc.com.