Wilbur Ross To Invest in Healthcare Sector

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Jul 15, 2010
Wilbur Ross is back on the prowl expanding his investment empire, with Wilbur Ross, WL Ross & Co. chairman & CEO and Mac Crawford, former CVS Caremark chairman.

Ross sees the new healthcare reform bill very complex and it create opportunities. Ross is teaming up with Mac Crawford and is putting in $1 billion in the venture.

Crawford sees the new bill create winners and losers and he said he will go with the people. He does not see hospitals be the winners of the new bill.

Ross said homes will be a preferred way of delivering health care to the old folks.