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 materLoma Linda University
OccupationBusinessman
Known forFormer owner of Meridian Health Plans
Net worthUS$2.5 billion (August 2018)
Spouse(s)Shery Cotton
Children3 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
  1. "Executive Profile David B. Cotton". Bloomberg LP. Retrieved 6 August 2018.
  2. "Jon Cotton appointed corporate president of Meridian". crainsdetroit.com. 14 August 2017. Retrieved 6 August 2018.
  3. "David Cotton". crainsdetroit.com. 5 January 2014. Retrieved 6 August 2018.
  4. "Obamacare Helped Make This Doctor a Billionaire". bloomberg.com. Retrieved 6 August 2018.
  5. "$2.5 billion deal done, Cotton family plans next steps, new ventures". Crain's Detroit Business. 2018-09-30. Retrieved 2020-03-24.


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