Welcome to our dedicated page for GEN DIGITAL news (Ticker: GEN), a resource for investors and traders seeking the latest updates and insights on GEN DIGITAL stock.
Gen Digital Inc (NASDAQ: GEN) delivers trusted cybersecurity solutions through industry-leading brands like Norton, LifeLock, and Avast. This news hub provides investors and professionals with essential updates on the company's strategic initiatives, product developments, and market performance.
Access real-time press releases, earnings reports, and analysis of GEN's consumer protection innovations. Our curated collection includes updates on cybersecurity product launches, partnership announcements, and industry leadership insights - all critical for understanding the company's position in digital safety markets.
Stay informed about GEN's global operations across 150+ countries through verified updates on threat detection advancements, identity protection services, and privacy solution enhancements. Content is organized for quick scanning while maintaining depth for technical audiences.
Bookmark this page for continuous access to GEN's official communications and third-party analysis. Check regularly for updates on emerging cybersecurity trends impacting the company's portfolio of award-winning consumer protection products.
Norton, a Cyber Safety brand of Gen (NASDAQ: GEN), is urging online shoppers to adopt safety measures ahead of Cyber Monday. With sales expected to surpass $200 billion in 2022, the incidence of cybercrimes is increasing, with nearly 40% of shoppers reporting scams during the holiday period. A study revealed that 25% of U.S. adults have been targeted by scams. Norton advises using secure sites, being cautious with deals, and protecting personal information while shopping online. More than 89% of Americans feel confident in online shopping but 43% are unsure how to do it safely.
Genesis Healthcare has appointed Harry Wilson as its new CEO, succeeding Robert Fish. Wilson aims to develop a turnaround strategy while enhancing patient care and strengthening the company’s position in eldercare. The board expressed gratitude to Fish and welcomed Wilson’s transformational leadership experience. Wilson’s background includes notable restructuring roles, including the turnaround of General Motors. Alongside Wilson, David Harrington assumes the role of Executive Chairman. Genesis provides skilled nursing and rehabilitation services across the U.S.
Genesis Healthcare announced a strategic restructuring plan to enhance liquidity and reduce debt by approximately $256 million. The plan includes terminating a master lease for 51 facilities leased from Welltower and receiving about $86 million for debt repayment. An additional $170 million in debt reduction is expected upon meeting certain conditions. Furthermore, Genesis secured a $50 million investment from ReGen Healthcare, which could increase to $75 million. The company will voluntarily delist its shares from the NYSE and expects to transition to the OTC Pink Sheets.
On March 2, 2021, ProMedica and Welltower (NYSE: WELL) announced strategic transactions to enhance their partnership, focusing on patient care and clinical outcomes. The joint venture will divest a portfolio of 25 non-strategic skilled nursing facilities for $265 million. In addition, nine state-of-the-art PowerBack rehabilitation facilities will be integrated into the joint venture, enhancing ProMedica's capabilities. These changes are expected to strengthen both organizations' positions in strategic markets and improve care quality.
Genesis HealthCare announced that 84% of its skilled nursing residents and 61% of staff have received their first dose of the COVID-19 vaccine as of January 29, 2021. These rates surpass the national averages reported by the CDC. Genesis facilities began vaccinations on December 17, 2020, and aim to continue increasing acceptance rates through educational initiatives. The company is collaborating with Brown University to monitor vaccine safety among residents. Genesis operates over 325 skilled nursing facilities nationwide.
LTC ACO and Third Eye Health have partnered to form a new Virtual Care Network aimed at enhancing patient care in long-term care facilities. This initiative offers access to Third Eye Health's physicians and telehealth technology for over 6,000 beneficiaries across more than 200 facilities. The network aims to provide 24/7 physician access, improving quality of care and reducing hospital transfers. LTC ACO previously reported a 19.6% cost savings and a 94.5% quality score, indicating potential financial benefits for all parties involved.
Genesis Healthcare has announced the retirement of CEO George V. Hager, Jr., effective January 5, 2021. The Board has appointed Robert H. Fish, the current Chairman, as the new CEO. Fish, a board member since 2013 with extensive healthcare experience, will also maintain his role as Chairman. Hager will assist in a senior advisory role, facilitating a transition while focusing on the company's recovery amid COVID-19 challenges. Genesis operates over 325 skilled nursing facilities across 24 states, offering post-acute care services and rehabilitation therapy.
On December 23, 2020, Franklin Woods Center, affiliated with Genesis HealthCare (NYSE:GEN), became one of the first long-term care facilities in Maryland to administer COVID-19 vaccinations to residents and staff. The event was attended by Maryland Governor Larry Hogan and highlighted Genesis's partnership with CVS Health for vaccine distribution. Chief Nursing Officer Dr. JoAnne Reifsnyder emphasized the vaccine's critical role in combating the pandemic. Genesis is collaborating with state governments to expand vaccine availability across its facilities nationally.
Genesis HealthCare has made history by being the first long-term care facility in Connecticut to administer the COVID-19 vaccine. The event took place at The Reservoir Center, attended by healthcare workers and residents, marking a significant step in the fight against the pandemic. Genesis is collaborating with CVS Health for vaccine distribution, and efforts are underway to ensure vaccination availability for all staff and residents across its facilities nationwide. This initiative is vital for boosting community trust in vaccine efficacy.
Genesis HealthCare (NYSE:GEN) has begun vaccinating frontline healthcare workers at its affiliated nursing home in Dover, Delaware, marking a significant step in the fight against COVID-19. The event, attended by key personnel including the Chief Executive Officer and local officials, highlights the importance of vaccination for healthcare workers. Genesis aims to ensure widespread vaccine availability for all employees and residents, collaborating with CVS Health Corp. for vaccine administration across various states, as part of the Pharmacy Partnership for Long-Term Care Program.
