Name David Snow, | ||
Education Duke University (1978), Bates College (1976) Organizations founded UnitedHealthcare Community & State | ||
News Update: Medco Health Solutions (NYSE:MHS) CEO Compensated $13.4 Million in 2009
David B. Snow Jr. (born November 30, 1954) is an American business executive currently serving as the Chairman and chief executive officer (CEO) of Cedar Gate Technologies, a healthcare predictive and prescriptive analytics company. He previously served as the CEO of Medco Health Solutions, the sixth largest pharmaceutical company in the United States by revenue. He founded Americhoice, a drug development company he would go on to sell to United Healthcare for $570 million.
Contents
- News Update Medco Health Solutions NYSEMHS CEO Compensated 134 Million in 2009
- Early life and education
- Early career
- Medco Health Solutions
- Cedar Gate Technologies
- Other business pursuits
- Personal life
- Awards and honors
- References
Snow is on the board of directors for Pitney Bowes, Teledoc, CareCentrix, the Clemson Institute for the Study of Capitalism, and Duke University's Fuquas School of Business. In 2010, he was named #27 on the Harvard Business Review's “Best Performing CEOs in the World".
Early life and education
Snow graduated from Bates College, in Lewiston, Maine, in 1976, with a degree in economics. He went on to obtain a Master's Degree in health care administration from Duke University Fuquas School of Business in 1978.
Early career
From April 1993 to April 1998, Snow served as an executive vice president of Oxford Health Plans and was responsible for medical delivery system development, medical management, Medicare, Medicaid and marketing.
He served at Empire Blue Cross Blue Shield from 1999 to 2002, where he joined in 1999 as chief operating officer and served as its president since 2001. He became executive vice president and chief operating officer of WellChoice from 1999 to 2001. He co-founded Americhoice (also known as Medco Health Solutions) and served as its president and CEO. He served as the president of Medco Pharmacy Benefit Unit of Merck & Co. since March 21, 2003. He served as chairman and president of Lincare Holdings, Inc. in 2004.
Medco Health Solutions
Snow was appointed president and CEO of Medco Health Solutions in March 2003. He became chairman and CEO in June 2003. He went on to serve as the executive chairman of Medco Health Solutions from June 2003 to 2013.
As of 2013, his total annual compensation was $22.12 million, with a five-year compensation package of $87.10 million. Forbes ranked him #43 in their "highest paid CEO in the country" ranking. While at Medco Health Solutions, he led the company into public offering on the New York Stock Exchange in August 2003, increased revenue from $35 billion to $72 billion, quadrupled market capitalization, and acquired four smaller companies. Medico is ranked #34 on the Fortune 500, and took in $66 billion in revenue in 2011.
He stepped down as a Medco Health Solutions official in 2014, walking away with $17 million in stock options.
Cedar Gate Technologies
He founded Cedar Gate Technologies, a healthcare predictive and prescriptive analytics company, in February 2014. He invested $20 million of his own personal funds and fundraised $200 million from GTCR. Snow currently serves as the chairman and CEO of the company.
Other business pursuits
Snow is on the board Pitney Bowes, Teledoce, CareCentrix, the Clemson Institute for the Study of Capitalism, the Duke University Fuquas School of Business. He served as a Director of IMPATH Inc. from 1995 to March 1999.
Personal life
Snow lives in Darien, Connecticut.