Spouse(s) Pamela S. Children Emily, Max | Name Martin Wygod Education New York University | |
Born February 1, 1940 (age 84) ( 1940-02-01 ) New York City, New York, U.S. Occupation Stockbroker, entrepreneur, merchant banker, racehorse owner/breeder Known for Founder: Medco Containment Services, Inc. Residence Rancho Santa Fe, California, United States Board member of HLTH Corporation, Del Mar racetrack | ||
Martin J. Wygod (born February 1, 1940) is an American businessman and a prominent Thoroughbred racehorse owner/breeder.
Contents
Business career
A business administration graduate from New York University, he joined a Wall Street stock brokerage firm before becoming a managing partner in a similar firm.
In 1964, Wygod became involved with Computer Sciences Corporation (CSC) in California, run by founders Roy Nutt and Fletcher Jones. In the 1970s he shifted his focus to the burgeoning health care industry, buying Glasrock Medical Services in 1977 and after five years of solid growth, sold it for a large profit. In 1983 he established Medco Containment Services, Inc. and built it into the largest mail order pharmacy in the United States. In 1993 Wygod sold Medco to Merck & Co. for more than US$6 billion.
Martin Wygod is currently Chairman of the New York City based WebMD Health Corporation which provides health information services to consumers, healthcare professionals, physicians, employers, and health plans through its public and private online portals. As well, Wygod is Chairman of HLTH Corporation, an Elmwood Park, New Jersey technology company providing healthcare information services.
Thoroughbred racing
Since boyhood, Martin Wygod has had a love of horses and the sport of Thoroughbred Horse racing. Growing up in New York he spent time as a hot walker at Belmont Park and Aqueduct Racetrack. As a result of his friendship with Fletcher Jones of CSC, Wygod first became a Thoroughbred owner when Jones gave him two racehorses, Verification and Heliotropic, as a 25th birthday gift. Fletcher Jones owned Westerly Stud Farms near Santa Ynez, California and was involved in horse racing for several years prior to his untimely death in 1972.
Since 1975 the Wygods have owned the 240-acre (0.97 km2) River Edge Farm near Buellton in the Santa Ynez Valley. In 1995, they left the East Coast of the United States to make their home on a 110-acre (0.45 km2) estate in Rancho Santa Fe, California. A member of The Jockey Club, Martin Wygod and his wife Pamela began devoting more time to their horses and became major players in Thoroughbred racing. Their River Edge Farm was the leading breeder in California in 2006, 2007 and 2008.
In 1996 Martin Wygod became a trustee of the Thoroughbred Owners and Breeders Association and serves on the Board of Directors of the Del Mar Thoroughbred Club. Pamela Wygod also oversees two foundations, the Rose Foundation and the WebMD Health Foundation. They are supporters of Breeders' Cup Charities
Lefty Nickerson was the first trainer hired to condition Wygod's horses for racing. One of their early stakes race wins came in the 1973 Derby Trial with the colt, Settecento. As of 2009, their trainer is John Shirreffs. Other successful racehorses raced by Martin and Pamela Wygod include: