CHIEF EXECUTIVE OFFICER
BOARD INTERIM CHAIR
Mike Steinhauser comes to Stemedica after having a long and successful career in the Pharmacy Sector. As CEO of Merwin Drug and Merwin Long Term Care Pharmacy, the largest long-term care pharmacy in the Midwest, Mike led an organizational transformation from a retail operation to institutional pharmacy, increasing revenue growth from $8M to over $100M, while devising an exit strategy selling to CVS in 2016, which also included Merwin IV/Specialty Pharmacy. Mike also serves as Chairman of Corner Home Medical, the largest Durable Medical Equipment supplier in the Midwest, helping, with his partners, take the company from $1M revenue at the time of formation to over $70 million for the year 2023.
Mike and his brothers have a business incubator for several health care start-up companies and play a critical leadership role in the development of the largest pharmaceutical buying group in the country, Independent Pharmacy Cooperative, helping lead strategic initiatives and having negotiated supply agreements for 7,000 independent pharmacies in the United States with volume of over $6 billion annually.
In addition to his role as CEO of Stemedica, Mike continues to act as Chairman of the Board at Corner Home Medical; Chairman of the Board of North Memorial Health Health, a hospital system providing primary, urgent, specialty and Level 1 care services to the Twin Cities metro area; and as a Founding Member of The Jack Jablonsky Foundation, a non-profit 501(c)(3) organization dedicated to making paralysis recovery possible.