Jacob Gottlieb is back with Altium Capital

Jacob Gottlieb is one of the successful investors in the healthcare industry. He is the former CEO of Visium Asset Management, a hedge fund that was closed a couple of years ago. He had built this company into one of the best hedge funds in the industry. However, he was faced by some challenges and was forced to close down. With success he had eared in other firms such as Merlin Biomed Group, Sanford C. Bernstein & Co., and Balyasny Asset Management, he had an outstanding reputation as an investor, he never disappointed when he created his firm. Gottlieb had brought together a team of 20 investors and invested $300 million into the company. By the time of the collapse, it had made over $8 billion. Gottlieb has been keeping a low professional profile for the past few decades. He has been making sure that the operations of the other company have been fully shut down.

Under the leadership of Jacob Gottlieb, Visium grew rapidly, and investors enjoyed great returns. The firm was growing fast. From the 20 employers he had when starting, by 2016, it had 170 employees. It had also opened offices in New York, London, and San Francisco. Between 2013 and 2016, the company looked like it was on an unstoppable growth path after it doubled its assets. However, despite the success that was being witnessed, challenges were around the corner. The company was brought down by activities of rogue employees who went against the regulations and engaged in misconduct. Neither Jacob Gottlieb nor the auditors had detected what was happening until SEC intervened.

Jacob Gottlieb has spent the last few years outside the industry, but he is now back with another company. He has created Altium Capital which will be involved in healthcare investments.

Drew Madden: Business In Healthcare And Pharmaceuticals

According to recent reports, healthcare is an attractive industry for most investors. The reports highlight CVS and Amazon battling to own the healthcare consumer. Both of the companies are making significant moves towards establishing business in healthcare. Recently, Amazon acquired license for distribution of healthcare related equipment in multiple states. The report also indicates the company’s intention to obtain more pharmacy licenses including distribution of prescription medication. On release of the report, several investors in the pharmaceutical industry shed their shares in bow of Amazon as a competitor in pharmaceutical sales.

 

Although Amazon has not clearly stated its intentions to venture in pharmaceutical sales, it is apparent from its moves and response of other firms in the industry. CVS for instance is acquiring Aetna as a first move in venturing in health insurance. The pharmaceutical company has also introduced next-day prescription delivery across the nation. These are indications of CVS preparations to compete with Amazon and maintain its market share.

 

Amazon venturing in pharmaceuticals is a game changer for existing firms in the industry. Reports indicate increasing innovation among key players in the industry. Pharmacy Benefit Managers (PBMs) are also enhancing their level of services to remain relevant in the industry. Amazon is a real threat to the industry because it is already a universal store across the United States. This offers it a wide consumer platform thus an upper hand in any new venture. Visit This Page for more information.

 

About Drew Madden

 

Drew Madden is a graduate in Industrial Engineering from University of Iowa College of Engineering. He specialized in Medical Systems. Madden began his career in IT entrepreneurship at Cerner Corporation. The Healthcare IT entrepreneur focuses on Electronic Medical Records (EMR) where he collaborates with professionals in healthcare and technology fields to solve complex challenges. Drew is renowned for building efficient teams and unique company cultures that attract prime clients and long-term partnerships.

Mr. Madden served as the president of Nordic Consulting Partners for five years. During this period, the company’s annual revenue grew from $1 million to $130 million. Additionally, employees number came up from 10 to 725 and client partners increased to 150.

 

See: https://www.nordicwi.com/about-nordic/our-team/