David B. Snow, Jr.
Chairman & Chief Executive Officer
Mr. Snow has an industry-leading track record over a 36 year career in healthcare with diverse experience running Pharmacy Benefit Managers, Health Plans, Hospitals and Physician Groups. Mr. Snow is currently the Chairman & Chief Executive Officer of Cedar Gate Technologies, Inc., a healthcare predictive and prescriptive analytics company in the “big data, big math", Software-as-a-Service (SaaS) space. Mr. Snow founded Cedar Gate Technologies in February 2014. He invested $20 million in the company and raised $200 million from GTCR, the oldest private equity firm in the United States. The strategic intent of the company is to acquire and build the talent, software and services required to provide world-class healthcare analytics to integrated delivery systems and ACOs.
Medco Health Solutions (2003 - 2012)
- Joined as CEO in March 2003 to manage spin-off from Medco’s parent company (Merck & Co.)
- Spun Medco 100% free of Merck and led public offering on the New York Stock Exchange in August 2003
- During tenure as Chairman & CEO at Medco:
- Revenues more than doubled from $34B to $72B
- Market capitalization increased by 4x ($6B at IPO to $27B at time of sale)
- Completed 4 strategic acquisitions
- Engineered the $34BN EV merger with Express Scripts which closed April 2012
- In 2010, named #27 on the Harvard Business Review “Best Performing CEOs in the World”
Empire Blue Cross Blue Shield (1999 – 2002)
- $5 billion health plan serving 6 million New Yorkers. Served self-insured employers, government sponsored individuals in Medicare /Medicaid and was the fiscal intermediary for Medicare’s fee-for-service program for the eastern region of the US
- Joined in 1999 as COO to turn-around the financially ailing company. Became President & COO in 2001
- Successfully turned around the company, converted it from a not-for-profit to a for-profit, and took it public as “WellChoice” in November 2002, market cap of $2B
- Company ultimately sold to WellPoint for $6.8B in September 2005
Oxford Health Plans (1993 – 1998)
- Five-state regional health plan that went public in 1992
- Joined as Executive Vice President. Responsible for medical delivery system development, medical management, Medicare, Medicaid and marketing. Grew the health plan from 500,000 members to 6 million in 5 years
- Oxford was eventually purchased by United Health Group in 2004 for $6.1B (second largest acquisition in UNH’s history) and has become the backbone of United’s East Coast operations
- Americhoice (MHS) – Founder & CEO, Ultimately sold to United Healthcare for $570 million.
- Executive roles at American International Healthcare, US Healthcare, and Memorial Hospital of Burlington County
- Duke University Fuquas School of Business (1978) – Masters in Healthcare Administration
- Bates College (1976) – Bachelor of Science in Economics
Mr. Snow is currently a member on the boards of directors for Pitney Bowes, Teladoc, CareCentrix and the Clemson Institute for Capitalism. He is also a member of the board of visitors for the Duke University Fuquas School of Business.