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Genesis Health Ventures was founded by Michael R. Walker [2] and Richard R. Howard in 1985, with the acquisition of nine centers. [3] Between 1985 and 1998, Genesis Health Ventures grew from a $32 million to a $2.4 billion public company through the acquisition of nursing homes and services, including rehabilitation therapy, diagnostic testing, respiratory therapy, and pharmacy companies.
The system provides health services to multiple communities in Eastern Iowa and Western Illinois which includes 6 different hospitals. Genesis is the largest employer in Scott County, Iowa and the third largest in the Quad City area with 5,200 employees. [1] In March 2023, MercyOne acquired the Iowa-based healthcare system. [2]
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Genesis is certified as a Level 9 for Ambulatory Care and Acute Care again for 2023. These certifications place Genesis in the top 10% of all hospitals in the country utilizing integrated technology.
GenesisCare (not to be confused with Genesis Health System of Iowa, or Genesis HealthCare of Pennsylvania) is the largest provider of cancer care services in Australia, and have cancer treatment centers in the United States, United Kingdom, and Spain. The company was founded by Dan Collins in Brisbane in 2005.
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Straus became involved in the healthcare industry in 1984 through leading Multicare Companies, Inc., a group of assisted living facilities in New Jersey. Multicare was purchased by Genesis Health Ventures, Inc. in 1997. [3] Straus then founded CareOne LLC in 1999. [4]
The Fair Labor Standards Act of 1938 (FLSA) provides that all employees have the right to full pay for forty hours of work in any given week. Laura Symczyk, a nurse working for Genesis HealthCare, alleged that her employer would regularly dock thirty minutes of pay per shift for its employees as meal time, regardless of whether the employee actually took a meal break.