David Cotton Explained

David Cotton
Birth Name:David B. Cotton
Birth Date:[1]
Alma Mater:Loma Linda University
Occupation:Businessman
Known For:Former owner of Meridian Health Plans
Spouse:Shery Cotton
Children:3 sons

David B. Cotton (born 1950/1951) is an American billionaire businessman, and the former owner, chairman and CEO of Meridian Health Plans.

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 has three sons.[4] In August 2007, their son Jon Cotton was promoted to corporate president of Meridian.[2] Their son Sean Cotton was chief legal counsel of Meridian, and son Michael Cotton was president of Meridian Health Plan of Illinois.[3]

Notes and References

  1. Web site: Executive Profile David B. Cotton . Bloomberg LP . 6 August 2018.
  2. Web site: Jon Cotton appointed corporate president of Meridian. 14 August 2017. crainsdetroit.com. 6 August 2018.
  3. Web site: David Cotton. 5 January 2014. crainsdetroit.com. 6 August 2018.
  4. News: Obamacare Helped Make This Doctor a Billionaire. 6 August 2018. bloomberg.com. 6 August 2018.
  5. Web site: $2.5 billion deal done, Cotton family plans next steps, new ventures. 2018-09-30. Crain's Detroit Business. en. 2020-03-24.