About

Our History

Generations Healthcare began operations in January 1998 with a single 89-bed skilled nursing facility. Generations has since grown to 28 facilities comprising over 3,100 licensed beds. When Generations began business, it started with a very simple business strategy: focus on quality and service while remaining mindful of the challenges and changes facing older adults in today’s world. Since its inception, Generations has established an excellent reputation in the communities served by its facilities. Generations has built this reputation through a concerted focus on quality and service.

Our Mission and Our Philosophy

Generations Healthcare was founded upon the belief that caring for the sick, the elderly, and the infirm is a special and sacred stewardship. It is our mission to have this belief reflected in everything we do: in the presentation of our homes, in the professionalism of our staff, and in the daily delivery of care to our residents and their families. It is our purpose that whoever enters a Generations home will be met with kindness, competence, and compassion.

Establish a vision of quality
Develop high standards of performance
Provide the necessary resources (training, expectations, capital, systems, procedures)
Attract Superior talent
Focus. on building, not maintaining

Build through serving
Measure progress timely and accurately
Develop a reputation of competence and excellence
Respect others
Expect extraordinary results

Management Team

Thomas Olds

CEO/Founder

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Lois Mastrocola

Chief Financial Officer

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Marissa L. Brandel

General Counsel

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Thomas Olds, Jr.

CEO/Founder

Mr. Olds founded Generations Healthcare in January of 1998 with a single 89-bed skilled nursing facility. Since that time, he has grown the company to encompass 3,000 beds in facilities throughout Northern and Southern California and a presence in Nevada as of 2017. His business strategy focuses on quality and service while remaining mindful of the challenges and changes facing older adults in today’s world. Mr. Olds began his career in the long-term care industry in 1989 at GranCare, a small LTC startup. He was a key member of the acquisition and operations team that grew GranCare from just a few hundred beds to over 10,000 beds and a place on the NYSE. In 1994, he was a founding partner in Covenant Care, Inc., focusing on business development and operations. During his tenure with Covenant Care, he directed the acquisition of more than 30 skilled nursing facilities, four pharmacies, and a therapy company. He also led the building of the corporate infrastructure with both management and information systems.

Lois Mastrocola

Chief Financial Officer

Lois has been part of Generations Healthcare since its founding in 1998. She began her career working with an international public accounting firm, where she served as a financial and reimbursement consultant to Regency Health Services, a startup long-term care company. She joined Regency and took the company through its subsequent growth from 21 facilities to over 100 facilities; the enterprise was later acquired by Sun Healthcare Group. Following Regency, she joined Covenant Care, Inc. as Director of Reimbursement. She was a valuable contributor to Covenant Care’s growth to over 40 facilities. She departed to join KPMG LLP to assist with their efforts to develop their western region long-term care consulting and advisory practice. Lois graduated from Villanova University.

Marissa L. Brandel

General Counsel

Marissa began working in the healthcare industry in 1996. She received her Juris Doctor from Chapman University School of Law and has been providing legal counsel to Generations Healthcare since 2007. Marissa oversees all acquisitions, litigation, financial transactions, licensing, regulatory matters, and contracts. She supports Generations Healthcare’s regulatory compliance and policy development for every department at GHC.