Jacque Sokolov
Chairman and chief executive officer of the SSB Companies, a diversified healthcare group.
- Industry
- Healthcare
- Country
- United States
- Format
- Video interview
- Interviewer
- Richard C. Wilson
- Source
- Billionaires.com interview
Watch the Interview
About Jacque Sokolov
Jacque Sokolov is a billionaire. He is chairman and chief executive officer of the SSB Companies. SSB is a diversified healthcare group. It advises healthcare organizations. It also develops and invests in them. It has four strategic businesses. These are SSB Solutions, SSB Investment Funds, SSB Financial Services and SSB Government Contracting. His training was in academic cardiology. He left that path to change healthcare. He has spent three decades in healthcare and has invested in almost every sector of it. His projects include the Humana turnaround. They also include moving Hospira from an I.V. solution company to the largest independent biosimilar manufacturer in the world. He helped grow the Summit physician practice management entity to an exit of almost $9 billion. That process made 1,800 physicians millionaires.
What They Shared in the Interview
In Their Words
“At the end of the day, if you’re not at bat, you’re never going to get a hit.”
“So the three elements are clinical, business, and operating expertise, and at the end of the day, whoever you’re investing with needs to defend those three areas of expertise.”
“One of my guiding principles is to pay it forward.”
“Bringing people along with your clinical, financial, and operating model is absolutely critical in professional services.”
“Expand your network to the greatest ability you can, hearing from multiple, different sources.”
FAQs
What does SSB invest in?
SSB makes earlier stage investments in healthcare. These are usually seven to eight figures with 10 to 30x potential.
Which areas of healthcare is Jacque Sokolov excited about?
He says he is very bullish on physician practice management. He also sees expansion in mRNA and DNA applications. AI enabled applications are another area he points to.
Where does he find his deals?
He says he finds them everywhere. The National Association of Corporate Directors and LinkedIn are two sources. He also names universities and boards. About 25,000 people follow him on LinkedIn.
