James M. Sweeney

James M. Sweeney is a healthcare entrepreneur in advanced home care modes and healthcare technologies. Sweeney is the Executive Chairman of HomeFront Health (formerly Triage Healthcare), and previously founded and was the Chairman & CEO of Caremark, Inc. in 1979[1] — which has since been sold to CVS and is now CVS Caremark.[2]

Early life and education

Sweeney has worked in the healthcare industry for over six decades. When Sweeney was 15, he worked in a hospital supply room.[3] After graduating from high school in San Diego, California, Sweeney joined the Army Medical Corps.[4] In 1969, Sweeney graduated from San Diego State University and, shortly after, was hired by Baxter Travernol.

Career

As a serial entrepreneur, Sweeney is responsible for creating multiple companies in the healthcare field: Caremark, CarePartners, CareGivers, Central Admixture Pharmacy Services, McGaw Coram, Bridge Medical, CardioNet,[5] Intellidot[6] most recently, HomeFront Healthcare.[7]

According to an article in the New York Times, Sweeney founded Caremark (originally Home Health Care of America) after he “... realized that a considerable number of hospital patients requiring intravenous therapy and nutrition did not really need to be hospitalized.” Furthermore, “[p]arenteral, or nondigestive, feeding could be  done at home … freeing patients and their insurers from uncomfortable, expensive hospital stays.”[3]

On August 3, 1987, Caremark was sold to Baxter Laboratories Inc. for approximately $600 million.[2]

References
  1. "History of Caremark Rx, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2021-01-21.
  2. "Company Was Acquired by Baxter Travenol in 1987 : James Sweeney Resigns as Caremark Inc.'s Chairman". Los Angeles Times. 1988-02-27. Retrieved 2021-01-21.
  3. Underhill, Marion; Yoshihashi, Pauline (1987-05-14). "BUSINESS PEOPLE; The Head of Caremark Is a Pioneer in His Field (Published 1987)". The New York Times. ISSN 0362-4331. Retrieved 2021-01-21.
  4. Underhill, Marion; Yoshihashi, Pauline (1987-05-14). "BUSINESS PEOPLE; The Head of Caremark Is a Pioneer in His Field (Published 1987)". The New York Times. ISSN 0362-4331. Retrieved 2021-01-21.
  5. "Xconomy: A Big Convergence: Wireless Health Care, Information Technologies, and Serial Entrepreneur James Sweeney". Xconomy. 2009-05-04. Retrieved 2021-01-21.
  6. "James M. Sweeney Named Chairman and CEO of IntelliDOT". BioSpace. Retrieved 2021-01-21.
  7. www.homefronthealth.com http://www.homefronthealth.com/. Retrieved 2021-01-21. Missing or empty |title= (help)
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