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Robert Smith Named COO of Remedi SeniorCare
Date:5/24/2010

Smith to oversee the day-to-day operations of Remedi's four long-term care pharmacies

Baltimore, MD (PRWEB) May 24, 2010 -- Remedi SeniorCare, which ranks among the nation’s ten largest long-term care pharmacies, today announced the appointment of Robert A. Smith, RPh, as the company’s executive vice president and chief operating officer. Smith replaces Michael Mahon, who is departing after four years in the role.

In this new role, Smith will oversee the day-to-day operations of the company’s four long-term care pharmacies in Baltimore, Maryland, Covington, Ohio, Richmond, Virginia and Marshall, Michigan. He will be responsible for managing the customer experience with Remedi’s distribution, technology and pharmacist consulting solutions.

“We are extremely fortunate to bring Bob Smith’s strong leadership and operating experience to Remedi SeniorCare,” said Michael Bronfein, chairman and CEO. “His proven track record of operating performance in the long-term care pharmacy setting will be incredibly valuable as our company continues to grow our customer base and expand our geographic locations.”

Smith previously served as president and COO of NeighborCare, where he was instrumental in scaling the long-term care pharmacy business from $800 million to $1.2 billion through strategic initiatives. Following NeighborCare’s acquisition by OmniCare in 2005, he was appointed senior vice president of operations and managed six of Omnicare’s operating regions. Since 2007 he has worked as a consultant providing expertise on long-term care pharmacy and other areas of healthcare to Wall Street firms.

Smith, who resides in Stevenson, Md with his wife, Jackie and daughter, Jordan, is a registered pharmacist and holds a B.S. in Pharmacy from Duquesne University.

About Remedi SeniorCare
Remedi SeniorCare, a long-term care pharmacy, transforms the way long-term care organizations manage and deliver medications for their residents. Growing from two established long-term care pharmacy operations, Remedi SeniorCare brings a unique understanding of the needs of long-term care nurses and administrators. The company provides reliable and accurate pharmacy delivery, innovative technology, deep expertise and high-touch service to guide facilities through the complex landscape of pharmaceutical care. Currently operating four pharmacies serving eight states and 22,000 residents, Remedi SeniorCare helps long-term care facilities advance outstanding care, medication safety and financial strength. www.remedirx.com

About Sterling Partners
Sterling Partners, the leading investor in Remedi SeniorCare, is a leading private equity firm with over 25 years of experience partnering with entrepreneurs to build market-leading businesses and generate superior returns. With approximately $4 billion of assets under management, Sterling invests growth capital in industries with positive, long-term trends and provides ongoing support to management through a dedicated team of industry veterans, operators, strategy experts and human capital professionals. Sterling Partners is a leader in education, healthcare and business services and is co-headquartered in Chicago and Baltimore. For more information, please visit www.sterlingpartners.com.

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Read the full story at http://www.prweb.com/releases/2010/05/prweb4040974.htm.


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