CareDirect, a Milwaukee-based company that sells secure digital medication cabinets to health providers, has a new CEO.
Pharmacist and health tech executive Alex Yampolsky is the company's new chief executive, according to a Wednesday announcement.
Yampolsky will lead the company's day-to-day operations and growth. Those responsibilities were previously handled by CareDirect managing partner Matt Cordio, who has transitioned to the role of executive chairman.
Last year, an investor group including Cordio purchased CareDirect from Milwaukee medical equipment manufacturing firm MPE Inc. CareDirect was founded in 2016.
Yampolsky will join CareDirect's ownership group, according to the announcement. The group also includes former MPE executive Nadder Sahar, Kenneth Anderson and Stephan Desmoulin.
CareDirect has achieved profitable growth since spinning out from MPE last year, Cordio said in a Wednesday statement. The company has seven employees, he said.
Yampolsky was previously the co-founder and chief operating officer of integrative telemedicine firm Vytal Health and helped grow Telepharm, a digital health startup for community pharmacies and health systems. He started his career at Aurora Health Care and has both a pharmacy doctorate and a master's of business administration from the University of Wisconsin-Madison.
CareDirect focuses on medication storage technology for ambulatory surgery centers and outpatient health clinics, targeting smaller health providers that can't afford the solutions that hospitals use but want to upgrade from key-locked medication cabinets.
In addition to medication security, CareDirect's solutions help with drug inventory tracking and have cloud-based reporting.
“As the number of ambulatory surgery centers continues to grow, we are uniquely positioned to help administrators digitize their processes ensuring an efficient, secure and compliant medication management workflow,” Yampolsky said in a statement.
CareDirect is a tenant at the Eagleknit Innovation Hub in Milwaukee's Walker's Point neighborhood, which opened earlier this year.
A well-known presence in the local startup and tech community, Cordio founded Startup Wisconsin Week, co-founded the Wisconsin Startup Coalition and is on the board of the MKE Tech Hub Coalition.
