Joseph Swedish starts private equity firm

Joseph Swedish has started his own private equity firm, called Concord Health Partners, since stepping down as CEO of health insurance company Anthem in 2017, Swedish told me at the J.P. Morgan Healthcare Conference in San Francisco.

Why it matters: Swedish is a high-profile health care executive who has amassed a fortune that will now partially go into various companies. Swedish said he still advises Anthem on the side, but he's now focused on his private equity investments in areas like technology and other health care services.