Investopedia

Continue to Site »

Mac Crawford

Filed Under »
Dictionary Says

Definition of 'Mac Crawford'

Former CEO, president and chairman of Nashville-based Caremark, a mail-order pharmaceutical and pharmacy benefits management company. In 1997, Mac Crawford became president and CEO of physician-practice management company MedPartners. When he joined MedPartners, it was struggling with operating losses and a high level of debt. It sold most of its physician-practice management companies to focus on pharmacy benefits management and changed its name to Caremark.

In 1998, Crawford became the company's CEO, president and chairman. He increased Caremark's revenues, paid off its debt and helped it acquire rival AdvancePCS. In 2007, Caremark merged with pharmacy CVS to become the Fortune 20 company CVSCaremark.

After leaving Caremark, Crawford became the co-founder and principal in 2008 of CrawfordSpalding Group, a business advisory and management services company whose services are based on Crawford's experience in turning around struggling companies.
Investopedia Says

Investopedia explains 'Mac Crawford'

Born in 1949, Crawford earned his bachelor of science degree in accounting from Auburn University and began his career as an accountant with Arthur Young & Co. in 1971. He joined GTI in 1981 as its CFO, became CFO of Oxylance in 1985, became president of Mulberry Street Investment Company in 1986 and later became chairman, CEO and president of Charter Medical Corp., which he helped rescue from Chapter 11 bankruptcy. In 1995, Crawford became chairman, CEO and president of Magellan Health Services when Charter purchased Magellan and took its name.

Articles Of Interest

  1.

    Evaluating Pharmaceutical Companies

    Learn how to find a healthy pharmaceutical investment in a market full of weak drugs.

  2. Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!

  3. How To Avoid Medical Debt

    Find out what you can do to avoid a financial meltdown when there's a medical emergency.

  4. Health Insurance Tips For College Students

    Why buy for health insurance when your parents' policy can cover you? Read on to avoid paying twice.

  5. Concierge Healthcare: The Pros and Cons Of Having A Doctor On Call

    Concierge healthcare can mean extra attention from your doctor when you need it, but it isn't the best substitute for health insurance.

  6. Fighting The High Costs Of Healthcare

    If your employer is cutting medical benefits, a health savings account may be right for you.

  7. Failing Health Could Drain Your Retirement Savings

    You may not be able to prevent illness, but it doesn't have to infect your savings.

  8. The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.

  9. Thomas Rowe Price: Always Right

    This great investor mastered a new type of investing with every new market he faced.

  10. Members Of Congress With The Highest Net Worth

    Members of Congress make much more than the average American citizen. Here are the four wealthiest congressmen.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center