Paoli, Pennsylvania, USA
Died April 18, 2020
Age 71
Michael Walker was the founder and former CEO of Genesis Healthcare. He later became a lobbyist for assisted-living facilities and nursing homes.
Source: The Philadelphia Inquirer
Obituary
Michael Richmond Walker, husband of Kathy Schaeffer Walker, and son of the late William Kirk Walker and Dr. Dorothy Jeane Walker, died on Saturday, April 18th, 2020 at the age of 71 after a decade long battle with Frontotemporal Dementia… In 1985, he established Genesis Health Ventures in his adopted hometown of Kennett Square, Pennsylvania. Over the next 13 years, Genesis grew from a small portfolio of nine skilled nursing centers, into a two billion dollar publicly traded company with 40,000 employees nationwide through the acquisition of nursing homes, rehabilitation therapy, diagnostic testing, respiratory therapy, and pharmacy. In 1995, he was awarded the Ernst and Young Entrepreneur of the Year Award for Health Care in the Greater Philadelphia region. He was also awarded the Wall Street Transcript Chief Executive Officer award in 1995 and 1996 in recognition of outstanding achievement as a CEO.
Published in The Daily Local
“I, for one will never forget all the good he did for the company he created and for which I worked for many years. I can also testify to the good he did for our little town by having the company based here in Kennett instead of elsewhere. “
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