Ron Galowich
First Health
Initiate Systems, Inc.

 
Successful entrepreneur with demonstrated history of identifying, and extensive experience in, founding and growing a successful public company and a variety of private businesses, including software, information technology, healthcare cost management, solid waste disposal, cable television and major real estate development.  Experience in negotiating and completing mergers and acquisitions and securing private and venture capital financing.
After establishing the business and actively participating in the early growth and development of the company, identifying experienced and successful executives to operate and grow the business while raising substantial private capital from investors and venture capital funds.

Founded Initiate Systems, Inc. (www.initiatesystems.com) and served as a member of the Board of Directors and Chairman since its inception in October 1996.  President 1996-1998; Chief Executive Officer 1996-2002.  Completed  favorable sale of the company to IBM in March, 2010.

Co-founder of First Health Group Corp. (Nasdaq: FHCC), serving as a Director (June 1982 to February 2005), Secretary, General Counsel and Executive Vice President.  Chairman of the Audit Committee, the Compensation Committee and the Transaction Committee that negotiated the sale of the company to Coventry Health Care, Inc. (NYSE: CVH) for $1.9 billion.

Director of Real Estate Operations for the Pritzker Family from April 1981 to November 1990.

Practiced law in Joliet and Chicago, Illinois  from 1959 to 1981.

Major residential and commercial real estate developer in Joliet, Illinos 1960-1981

Leave a Reply

QYou, Howard Tullman, and Stephen Shank are lawyers. I'm going to have to rethink law school as actually being a good training ground for company founders.

A I'm a reformed lawyer.



QBut you practiced for a while.

A I practiced law for 20 years, then ran real estate operations for the Pritzker family. I'm also a real estate developer on the residential and commercial side.

QYou started First Health with Dr. Robert Becker in Joliet and it became a large healthcare cost management company with 6,000 employees. When did you first know it would survive?

A We felt like we had turned a corner when I got the right president and CEO and a couple good customers.

Get the Full Story Here