Genesis HealthCare, a major nursing home chain based in Kennett Square, has filed for Chapter 11 bankruptcy protection amidst mounting debts, including a $58 million tax liability. The bankruptcy affects several facilities, including two in the Pittsburgh area, and has prompted emergency court actions and a potential sale to ReGen. The operator is reportedly looking to restructure and strengthen its future while navigating the challenges posed by this financial downturn, which has also impacted related entities such as Healthcare Services Group and LTC Properties.