Jim Sweeney

Co-Founder & CEO, Clarify Medical · 1 appearance on the record.

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founderexecutiveauthorjamesmsweeney.com ↗Wikipedia ↗

Recognized as the pioneer of the home infusion therapy industry after founding Caremark, Jim Sweeney built 14 healthcare companies including CardioNet and Clarify Medical. He raised over $2 billion in capital, achieved over $30 billion in exits, and later co-authored Creative Insecurity while supporting anti-trafficking philanthropy.

12statements → 6claims → 2claims resolved → 3.92/5average certainty → 1.58/5average debate potential →

2 supported 0 partly supported 0 contradicted 3 not yet assessed 1 not checkable as stated how the 6 claims stand · each chip opens the sources

2 predictions · 4 assertions · 1 opinion · 1 insight · 4 disclosures · every statement was checked. The predictions and assertions are the 6 claims: statements the public record can support or contradict. 2 are resolved, 3 are not yet assessed, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Jim argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Sweeney: Founded healthcare companies have generated over $25B in exit value

“A little north of twenty-five billion.”

Jim Sweeney Apr 26, 2017 ▶ 4:57 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Jim Sweeney on measured tape to publish a rate. This says nothing about how they speak.

What they said12 Episodes1

Everything Jim Sweeney said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated

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…”

Jim Sweeney Apr 26, 2017 ▶ 10:43 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Assertion Supported

Sweeney: Founded healthcare companies have generated over $25B in exit value

“A little north of twenty-five billion.”

Jim Sweeney Apr 26, 2017 ▶ 4:57 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Assertion Supported

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.”

Jim Sweeney Apr 26, 2017 ▶ 8:31 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Insight

Sweeney: Medical tech companies typically exit at 15 to 20x EBITDA

“And these companies exit values would typically be 15 to 20 times EBITDA.”

Jim Sweeney Apr 26, 2017 ▶ 12:09 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Prediction Open · timeframe Apr 2022

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.”

Jim Sweeney Apr 26, 2017 ▶ 14:25 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Opinion

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.”

Jim Sweeney Apr 26, 2017 ▶ 17:12 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Disclosure

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…”

Jim Sweeney Apr 26, 2017 ▶ 3:15 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Assertion Not publicly verifiable

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.”

Jim Sweeney Apr 26, 2017 ▶ 6:14 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Assertion Not publicly verifiable

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.”

Jim Sweeney Apr 26, 2017 ▶ 6:59 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Disclosure

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.”

Jim Sweeney Apr 26, 2017 ▶ 7:47 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Disclosure

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.”

Jim Sweeney Apr 26, 2017 ▶ 11:35 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Disclosure

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 Apr 26, 2017 ▶ 13:09 641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney

Appearances (1)

Episode	Date	Speaking time
641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet	Apr 26, 2017	7m

Jim Sweeney

The record, in short

Their most notable supported claim

How they sound: not measured why? →

Appearances (1)

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