SoloHealth names former Walgreens SVP to board
ATLANTA — SoloHealth, a consumer-driven healthcare technology company, on Wednesday said Stanley Blaylock, former Walgreens SVP and former president of Walgreens Health Services, will join SoloHealth’s board of directors. The announcement comes as SoloHealth prepares for a nationwide rollout in 2012 of its next-generation, consumer health screening kiosk, the SoloHealth Station.
“We are excited and honored that such a respected figure in the healthcare community has agreed to join the SoloHealth board, especially as we ready ourselves for what promises to be a fast-growing and pivotal next 12 to 18 months for the company,” SoloHealth CEO Bart Foster said. “Stan brings unparalleled finance, entrepreneurial and healthcare knowledge to SoloHealth and will provide invaluable counsel during this exciting time of growth as we roll out our new healthcare solution nationwide.”
Blaylock has more than 20 years of experience in the fields of health care, entrepreneurship and investment banking. He began his career in healthcare investment banking, where he rose to the position of global co-head of healthcare investment banking at Deutsche Bank. In this capacity, he oversaw the execution of 149 financings totaling approximately $45 billion and 54 mergers and acquisitions totaling approximately $24 billion.
Blaylock went on to co-found specialty pharmacy solutions company Medmark, where he served as EVP/CFO and chief administrative officer until his promotion to president and CEO in 2005. When Walgreens acquired Medmark in 2006, Blaylock joined the company, and through a series of quick promotions, became Walgreens SVP and president of Walgreens Health Services. Blaylock is credited with successfully integrating Medmark, driving Walgreens’ specialty pharmacy to the No. 3 player in the industry through rapid internal growth and key strategic acquisitions. He was responsible for enhancing more than 7,100 community-based pharmacies and managed approximately 7,000 Walgreens employees with P&L responsibility for approximately $4 billion in revenues.
Blaylock currently serves on the board of directors of NovaSom, a provider of home sleep testing services for obstructive sleep apnea. He is also a member of the board of directors of MTS Medication Technologies, an international provider of adherence packaging systems, designed to improve medication dispensing and administration.
He earned a degree in economics and communication studies from the University of Virginia and received his master’s degree in business administration from Harvard Business School. He is also a 2009 fellow of the CEO Perspective Program from Northwestern’s Kellogg School of Management and Corporate Leadership Center.
Cara Inc. founder Ken O’Leary passes away
WARWICK, R.I. — Kenneth O’Leary, president and founder of Cara Inc., passed away Oct. 12 at home after a long struggle with Alzheimer’s disease.
A 50-year industry veteran, O’Leary, 83, started his career as a detail rep for Schieffelin & Co. in New York. He also spent time with Schering (White Labs), Miles (Dome Labs), CR Bard (Davol) and in 1983 founded Cara Inc.
During his tenure, O’Leary and the company received many awards, including nine DIANA Awards from the Healthcare Distribution Management Association, as well as one of HDMA’s highest honors, the Tim Barry Award. He also served on many industry committees and boards over the past 28 years.
O’Leary had developed a reputation as a hardworking, high energy individual, who was proud to be a part of the industry and valued the many relationships that were developed over his career.
He is survived by his wife, Jeanne, six children and his grandson.
Dream Water expands distribution to CVS/pharmacy
MIAMI — Dream Water once again has expanded its retail distribution through a nationwide retail alliance with CVS/pharmacy.
With this move, Dream Water now is available in more than 20,000 points of sale nationwide. The product also is available in such stores as Duane Reade, Kmart, Harmon, Walmart and Walgreens.
“This is an exciting time for the Dream Water brand. Less than two years ago a liquid sleep enhancer didn’t exist. Today you can walk into your local Walgreens, CVS or Walmart store, among many others and find Dream Water there. You can walk into nearly 1,000 stores in over 100 airports throughout the country and can find Dream Water in a Hudson News or a Paradies Shop,” Dream Products chief brand officer Adam Platzner said. “This growth speaks to both the quality of our product and the need for Dream Water in the marketplace. Over 70 million Americans can’t sleep and they continue to look for innovative solutions to help them find a better night’s rest or a more restful travel experience.”