Tampa Philanthropist and Entrepreneur Sells 2nd Billion Dollar Health Company

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Posted by: Nick Strite Category: Business, News Comments: 0 Post Date: November 2, 2017

Tampa Philanthropist and Entrepreneur Sells 2nd Billion Dollar Health Company

The Tampa Bay Business Journal recently reported that Anthem Inc. has agreed to buy America’s 1st Choice, a health insurance company owned by Tampa philanthropist and entrepreneur Dr. Kiran Patel.

Dr. Patel is well known for purchasing in 1992 and selling what is now WellCare in 2002. He also recently invested $200 million into a Tampa Medical learning facility. Furthermore, he is known for the 32,000-square-foot home he is building that is collectively five mini-mansions for his entire family.

This is the second time Patel is selling a $1 billion-plus healthcare insurance business.

“I like to grow things and then it’s time to pass it on to someone who has a more corporate structure,” Patel said.

We love to watch influencers, entrepreneurs, and philanthropists in the community grow and succeed. It takes a lot of time and trust to develop business relationships and we applaud Dr. Patel’s success and will continue to watch how he influences the Tampa Bay community.

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