James M. Sweeney
Chairman and Chief Executive Officer IntelliDOT Corporation
James M. Sweeney is the Chairman and Chief Executive Officer of IntelliDOT Corporation. He is responsible for setting and carrying out the strategic and operational direction for the company.
Mr. Sweeney has been the founder and CEO of eight healthcare product and service companies, including Bridge Medical, the pioneer of bedside bar-code scanning prior to medication administration. While Sweeney was Chairman and CEO of Bridge, the company produced “Beyond Blame” an award winning documentary that showed the human consequences of medication errors on families and caregivers and point to the system flaws that were the root cause of error.
Most recently he was founder and CEO of CardioNet (NASDQ: BEAT), the highly successful developer and marketer of Mobile Cardiac Outpatient telemetry, a technology and service that allows physicians to continuously monitor cardiac activity as patients go about their normal daily activities. Mr. Sweeney took CardioNet public in March 2008 for what became a $650 million value we he moved on to begin looking for new opportunities.
He has taken three companies public, led an LBO resulting in a 650% return to investors in less than four years. His first company Caremark returned $144 million to an original investor who invested $1.1 million. He has also raised over $2 billion in financing for his various companies including $500 million in venture capital, $700 million in debt financing, $400 million in three IPO’s – and sold two companies for over $1 billion.
Jim’s serial entrepreneurship, the subject of a laudatory Page One Wall Street Journal article, has involved him in buying, selling or taking public over 20 healthcare product and service companies. Acknowledged as the founder of the multi-billion dollar home infusion therapy industry, Jim founded Caremark, the industry pioneer and leader in in-home infusion and prescription benefit management. He sold the company to Baxter in 1987 for approximately $600 million.
About IntelliDOT Corporation
IntelliDOT is a leading provider of wireless, handheld, barcode point-of-care (BPOC) solutions that connect to any healthcare information system to improve patient safety and nurse workflow. When using the IntelliDOT system, nurses can easily manage all tasks associated with five-rights medication administration safety checks and related documentation. Additional modules include specimen collection, blood product administration, mother-baby breast milk matching and vital signs collection. IntelliDOT was founded in 2002 and is headquartered in San Diego. More information can be found at www.intellidotcorp.com.