Michael G. Bronfein
Special Limited Partner

“I enjoy working with executive teams to create customer-centric, competitively advantaged business models and product/service offerings that result in market leadership and premium valuations.”

Michael is a Special Limited Partner with Sterling Partners. With more than 30 years of experience in operations, finance, and strategy, Michael has a proven track record in growing start-ups into world-class organizations. Michael has been a key force in building and enhancing the Sterling Partners culture—one that blends an entrepreneurial mindset with operations and traditional finance experience. Michael is an expert in strategic analysis and planning, human capital assessment and planning, organizational assessment and alignment, marketing and financial management. His ability to envision and develop high-growth, innovative business models and customer service offerings enables him to create customer-centric corporate cultures that also achieve superior financial results. Michael’s investment interests and experience at Sterling Partners include health services and IT, Software-as-a-Service (SaaS), financial services and business services companies. He is CEO of Sterling portfolio company Remedi, leading the company in several exciting growth initiatives. He has worked with Sterling portfolio companies Artromick International, Paradigm Management Services LLC, Active Day, and Rittenhouse Senior Living. He also invested in and worked with exited Sterling portfolios VISICU and Vocus, assisting both with successful IPOs.

Background

Prior to joining Sterling Partners in 1999, Michael was Co-Founder, Chairman, President and CEO of NeighborCare, a publicly-traded pharmacy services provider. Michael sold the company to Genesis Health Ventures in 1996. During his time with NeighborCare, Michael developed and managed the business model and led the strategic visioning of the company. He grew the organization from a single retail pharmacy to a national leader in the provision of pharmaceuticals to the long-term care and managed care industries. Under Michael’s leadership, NeighborCare evolved from a single retail pharmacy to a leading institutional pharmacy provider with revenues in excess of $1 billion and EBIDTA of more than $120 million. Michael left NeighborCare in 1999. In 2005, the company was sold to Omnicare for $1.8 billion. Michael was also Senior Vice President of Signet Bank. In this role, Michael viewed hundreds of business models during varied economic cycles, and learned to appreciate the influence that management has over operational and financial outcomes. During his time at Signet, the bank’s Commercial Finance Division grew from a start-up into the market-share leader. Michael was also an executive with Brown’s Supermarkets, with broad general management and operational supervision responsibilities. This experience taught Michael the nuance of operational execution and the need for precise, strategic planning—critical skills within the thin margin supermarket industry, and within the Sterling Partners environment. Michael is also a Certified Public Accountant (non-practicing).

Education

• University of Baltimore – BS, Accounting

Interests

Michael has been married for 33 years and has three children. He enjoys traveling with his family, and is a drummer and an avid music lover. He is an avid (but challenged) golfer, and in his spare time he also enjoys photography and motorcycles. His commitment to the community is reflected in his current role of Chairman of the Board of The Baltimore Symphony Orchestra. He is also a member of the AICPA and the Maryland Association of CPAs. Michael speaks extensively at industry events.

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