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Tuesday, October 18, 2005In a move reminiscent of financier Michael Milken's financial and entrepreneurial assault on prostate cancer, Case says he is pouring his cash and energy into making the nation's health system as easy to navigate and consumer friendly as AOL. Case announced last week that since forming his Revolution Health Group in July, he has spent about $100 million, mostly of his own money, buying all or part of seven private companies that provide healthcare and health information and manage health benefits for employers. And he's planning to spend hundreds of millions more scooping up other health-related ventures and building a new health information website, Revolutionhealth.com. Twenty percent of the money will come from private investors who, Case says, understand it may take more than 10 years to realize a return. But the profit, for now, is secondary. The real goal of all this money and energy, he says, is to "put consumers at the center by improving their choice, control, convenience, and care." The article leaves the impression that the whole enterprise is short on strategy. posted by Sydney on 10/18/2005 09:41:00 PM 0 comments 0 Comments: |
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