Thursday, November 17, 2011

Genesis HealthCare Announces Development of New Post-Acute Care Facility



Kennett Square, PA -- (November 17, 2011) – Genesis HealthCare, a leading provider of short-term post-acute, rehabilitation and skilled nursing care services, today announced it will operate a new 124-bed post-acute care facility in Voorhees, NJ. The new state-of-the-art facility will be financed by Health Care REIT, Inc., a real estate investment trust that acquired substantially all of the real estate assets of Genesis HealthCare in February 2011.  The project was designed by and will be built by Burris Construction Company of Moorestown, NJ.

The facility, which will be dedicated to post-hospital short-stay rehabilitation and nursing care, will be located on Route 73, adjacent to the recently opened hospital, Virtua Voorhees. Construction of the facility began in November 2011 and could open as early as late 2012.  The facility is designed to focus on activity and patient engagement in rehabilitation, including hydrotherapy, and will include all private rooms and hotel-like services.

“Every aspect of this facility has been designed to produce an integrated program of operational effectiveness and energy efficiency unlike any other facility of its kind,” states William Burris, Chairman at Burris Construction Company. “Genesis truly has a reputation for providing great care and we look forward to working together with them.”

“Genesis operates over 200 skilled nursing along the east coast,” notes Paul Bach, Executive Vice President at Genesis.  “We are excited to have collaborated with Burris Construction Company on the development of this new project; this short-stay, rehabilitation-focused facility will serve as a model for Genesis facilities going forward.”

Genesis has a long-standing presence in the Voorhees area, where the company currently operates two skilled nursing facilities, Kresson View Center and Voorhees Center.  After the new facility opens, each of the three Genesis facilities in Voorhees will provide differentiated services through clinical specialization.

About Genesis HealthCare
Genesis HealthCare is one of the nation's largest skilled nursing care providers with over 200 skilled nursing centers and assisted living residences in 13 eastern states. Genesis also supplies rehabilitation therapy to over 1,100 healthcare providers in 28 states and the District of Columbia. Visit our website at www.genesishcc.com.

About Health Care REIT, Inc.
Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of September 30, 2011, the company’s broadly diversified portfolio consisted of 898 properties in 45 states. More information is available on the company’s website at www.hcreit.com.

Burris Construction Company
Burris Construction Company is a leading South Jersey based design/build and construction management group headquartered in Moorestown, New Jersey. Burris Construction Company has been a leader in Design/Build Construction since 1973 with an outstanding history of construction and development in the tri-state area.
More information is available on the company’s website at www.burrisconstructioncompany.com.

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