David Cotton
David B. Cotton (born 1950/1951) is an American billionaire businessman, and the former owner, chairman and CEO of Meridian Health Plans.
David Cotton | |
---|---|
Born | David B. Cotton 1950/1951 (age 68–69)[1] |
Alma mater | Loma Linda University |
Occupation | Businessman |
Known for | Former owner of Meridian Health Plans |
Net worth | US$2.5 billion (August 2018) |
Spouse(s) | Shery Cotton |
Children | 3 sons |
Early life
Cotton earned an MD degree from Loma Linda University in 1974.[1] He trained as a medical doctor, specializing as a gynecologist.[2][3]
Career
He was specialist-in-chief of obstetrics and gynecology at the Detroit Medical Center until 1997.[3]
In 1997, Cotton and his wife Shery Cotton founded Meridian Health Plans in Detroit, Michigan.[2] Cotton and his family owned Meridian for two decades, growing it into the largest private provider of Medicaid benefits in Michigan and Illinois.[4]
In May 2018, WellCare Health Plans Inc announced that it was buying Meridian for US$2.5 billion.[4][5]
Personal life
Cotton is married to Shery, and they have three sons.[4] In August 2007, their son Jon Cotton was promoted to corporate president of Meridian.[2] Their son Sean Cotton is chief legal counsel of Meridian, and son Michael Cotton is president of Meridian Health Plan of Illinois.[3]
References
- "Executive Profile David B. Cotton". Bloomberg LP. Retrieved 6 August 2018.
- "Jon Cotton appointed corporate president of Meridian". crainsdetroit.com. 14 August 2017. Retrieved 6 August 2018.
- "David Cotton". crainsdetroit.com. 5 January 2014. Retrieved 6 August 2018.
- "Obamacare Helped Make This Doctor a Billionaire". bloomberg.com. Retrieved 6 August 2018.
- "$2.5 billion deal done, Cotton family plans next steps, new ventures". Crain's Detroit Business. 2018-09-30. Retrieved 2020-03-24.