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Michael
Busch, RPh is dedicated to assisting entrepreneurs succeed. Michael,
a successful entrepreneur himself, has started a number of new businesses.
The most successful business venture was Medicine Shoppe International,
Inc., an international franchisor of over 1,000 retail pharmacies
(visit www.medicineshoppe.com).
In 1995, Medicine Shoppe, already a public company, was sold to
Cardinal Health (www.cardinalhealth.com),
the 19th largest company in the United States. This transaction
was valued at approximately $360 million.
Michael also
founded Wharton Capital, a consulting firm specializing in raising
capital for small and medium size entrepreneurial ventures. Wharton's
client base was comprised of start-up to early stage businesses.
Wharton also developed a turnaround practice, servicing troubled
companies.
The successor
to Wharton Capital was CHSI Corporation (Community Health Services,
Inc.) CHSI was transformed into a technology start-up company that
developed a proprietary desktop and software to provide consulting
and oversight services to independently owned pharmacies as well
as regional chain pharmacies. This leading edge technology allowed
pharmacies of all sizes to maximize profitability through increased
efficiency from their prescription departments. CHSI was also sold
to Cardinal Health in 2005.
In addition
to his entrepreneurial endeavors, Michael served as President of
a subsidiary of a publicly held tire company, General Manager of
all non-food divisions for a grocery conglomerate, President and
COO of a franchise furniture company and Vice President - Business
Development for a wholesale drug company. He has lectured at a number
of universities and colleges on how to start a new business and
on franchising. The history of Medicine Shoppe International, Inc.,
from start-up to success, has been presented to a number of business
groups over the years.
Michael resides
with his wife, Sharon in Pinehurst, North Carolina, and can be reached
at 800-603-2519.
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