David Felsenthal, a healthcare valuation pioneer who consulted for Medicare's architects, died on Sunday. He was 86. Felsenthal, a World War II veteran who began as an insurance appraiser in 1948, co-founded the companies where he spent more than half his career, most recently Principle Valuation in 2007.
Healthcare valuation pioneer Felsenthal dies
Timothy Baker, president of Principle Valuation, based in Chicago, said Felsenthal, who had bone cancer and had begun treatment, loved his work and talking with people. Felsenthal typically arrived at work at 6:30 a.m. and “always had breakfast with someone. He always had lunch with someone,” Baker said. He is survived by seven children and stepchildren.
Baker and Felsenthal formed Principle Valuation after Huron Consulting Group acquired Wellspring Partners, where Felsenthal co-founded a valuation practice in 2001. “It was never a start up,” Baker said. “He's been doing this since 1948. It was business as usual.”
Felsenthal joined Wellspring after leaving the company he founded in 1970, Valuation Counselors, where he had retired in 1989 at age 65 but had remained as a consultant. Before Valuation Counselors, he was an insurance appraiser with Marshall & Stevens.
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