Edgardo A. Mercadante P'79, Chief Executive Officer of MedOptions
Edgardo A. Mercadante P’79, RPh, has a career that advanced the transition in pharmacy evolution from a traditional dispensing role, to technology enablement, to patient care innovation. He began by working as a community retail pharmacist in a chain pharmacy shortly after graduating from Philadelphia College of Pharmacy in 1979. He then became the founder and subsequently the chief executive officer of numerous pharmacy and related healthcare innovative practice entities focused on pharmaceutical technologies, clinical involvement and interdisciplinary patient care elements.
Most recently, Mr. Mercadante has been the CEO of MedOptions (www.MedOptionsinc.com), growing the company to be the national leader in the delivery of behavioral health services to the long-term care industry (LTC). The company focuses on utilizing a team of interdisciplinary mental health providers including the recent addition of clinical pharmacists to treat patients within nursing and assisted living communities. He has over 35 years of extensive experience in the healthcare industry including significant operational expertise within all facets of the pharmacy industry, the post-acute LTC market sectors and overall physician/healthcare services sectors. Over the past nine years, Mr. Mercadante has been involved with private equity and venture capital firms working to turn around, grow and successfully re-position a variety of healthcare platform companies for greater value creation. Before joining MedOptions, Mr. Mercadante was the CEO of Partners Pharmacy, restructuring and growing this traditional long-term care pharmacy into the third-largest institutional pharmacy in the U.S. Mr. Mercadante has also led the early growth of start-ups such as NuScriptRx, a technology-enabled mail order institutional pharmacy servicing Skilled Nursing Facilities and growing NuScriptRx into a national presence.
In 2007, Mr. Mercadante founded Dante Capital Management LLC, an investment and consulting group focusing on the changing healthcare delivery systems and growth restructurings. From 1997 to 2007 he served as founder, chairman and CEO of Familymeds Group, Inc., a NASDAQ traded, $250+ million, 80+ location specialty pharmacy provider and medical product company. Previously, Mr. Mercadante was the co-founder and CEO of APP, a pharmacy benefit management company focused on utilizing pharmacists performing medication management for the employees and dependents of hospital institutions. He was also the chief operating officer of the Arrow Pharmacy and Nutrition Center Franchise System and helped them grow to become a regional franchise system in New England enabling pharmacists to open and operate their own community pharmacies.
Mr. Mercadante has led the innovation and development of numerous process standards and technologies now deployed by pharmacies across the nation, including: eMedstatTM system, a remote dispensing med cart for nursing facilities and SafeScriptTM, a process platform for pharmacists to ensure quality assurance to patients when dispensing medications in a community setting.
Additionally, Mr. Mercadante has deep experience in wellness and nutritional healthcare having been the key idea driver for the buyout of General Nutrition Centers (GNC) from Royal Numico in 2003 by Apollo Global Management. He subsequently served on the GNC Board of Directors and chaired its’ audit committee.
Mr. Mercadante has served on the board of directors for many nonprofit organizations, together with private and public companies (i.e. Medibank-MBI, General Nutrition Centers, RJ Health, MTS Medication Technologies, WeCounsel Telehealth Technology, and the Connecticut Chapter Alzheimer’s Association). He has extensive knowledge of healthcare corporate governance, investment financing and the overall evolving changes in healthcare policy. He was on the University of the Sciences board of trustees from 2000-2008. Most recently, Mr. Mercadante served on the board of directors of ProHealth MD Physicians, one of the largest primary care physician practices in New England recently sold to Optum.
In addition to his BS degree in pharmacy from Philadelphia College of Pharmacy, he has pursued advanced studies in healthcare and business management at the University of South Carolina and is a registered pharmacist (RPh) in numerous states. In May 2004, USciences officially dedicated the atrium in the Athletic/Recreation Center to Mr. Mercadante as a reflection of his continuous assistance, guidance, and association with the University, as well as his leadership support to the capital campaign that year: The Campaign For USP—An Historic Opportunity to Shape Our Future.
Mr. Mercadante has been married to Colleen A. Mercadante for over 37 years. They have three children: Nicholas a healthcare attorney, Daniel an accomplished filmmaker, and Jessica who is a class of 2017 PharmD candidate University of the Sciences. Mr. Mercadante is a proud American who emigrated from Italy and in a naturalized U.S. citizen who is very involved in his community.
University of the Sciences
600 South 43rd Street
Philadelphia, PA 19104-4495