Everything Jim Sweeney said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Sweeney: Out-of-pocket costs will force healthcare to treat patients as customers
“The bad news is that people are going to have to start reaching in their pocket to pay for things much more than they ever envisioned in the past. And the good news is as a result of that, they're starting to be viewed for the first time since Medicare was pas…”
Sweeney: Founded healthcare companies have generated over $25B in exit value
“A little north of twenty-five billion.”
Sweeney: Alternative biologic and therapeutic drugs cost up to $100k annually
“Up to a 100,000 dollars a year with biologic and therapeutic drugs that also have horrific side effects.”
Sweeney: Medical tech companies typically exit at 15 to 20x EBITDA
“And these companies exit values would typically be 15 to 20 times EBITDA.”
Sweeney: Clarify Medical will exit between $500 million and $1 billion
“Well, I don't do companies that aren't, don't hit a billion, so that's my goal.
I'd say, you know, it'll be somewhere between half a billion and a billion on exit value.”
Sweeney: Government intervention in healthcare has been deeply traumatic
“Yes, I wish I knew that the government would have the amount of influence on healthcare that they have today. I didn't foresee that being as traumatic as it's been.”
Clarify Medical plans online direct-to-patient launch after FDA clearance
“We've developed a device and are seeking FDA clearance in the next few months. That will enable people to self-treat at home. Using a smart app, we're able to surveil what they're doing, prevent them from over-utilizing a device, communicate all of that inform…”
Sweeney: McGaw Labs buyout delivered a 6.5x ROI within three years
“Substantial market share from competitors, which led to about a six and a half time, ah, ROI for investors in three years.”
Sweeney: Granted equity to all 4,000 McGaw Labs employees after buyout
“The other thing importantly I did was I made every single employee in a sixty-year-old company about 4000 employees. Every single employee became a shareholder.”
Clarify Medical plans to sell its phototherapy device for $800 or $39/month
“It'll sell for 800 dollars or about 70% of the people we polled would rather buy it on a Monthly basis, it'll be about 39 dollars a month to lease it or to buy it on over time.”
Sweeney: Clarify Medical raised $6M and seeks $12M to $15M more
“We've got about six million dollars invested and I'm looking to raise another
12 to fifteen million in the next few months.”
Sweeney: Clarify Medical device currently costs more to make than sell
“Well, the truth is that the moment it'll cost us more to make than we'll sell it for.
That's a function of volume, obviously.”
Jim Sweeney
TOP FOUNDERSLEDGER