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Baltimore Business Journal: Locking Up Business
April 21, 2006 Source: Baltimore Business Journal
By: Alan Zibel Handling orders streaming off fax machines from around the country, the employees of Correct Rx Pharmacy Services Inc. fill thousands of prescriptions on a typical weekday.
The clients, however, are a lot different from your neighborhood Walgreens. The Linthicum-based company serves more than 100 prisons, assisted living centers and other institutional clients around the country, including state correctional facilities in Maryland.
The company's CEO, Ellen Yankellow, started her career more than 30 years ago working in retail pharmacies in Baltimore City. When Yankellow got her bachelor's degree from the University of Maryland's pharmacy school in 1973, there were only a handful of women in her graduating class.
She gradually built her career, moving from managing a chain of supermarket pharmacies to executive positions at institutional pharmacies, which provide pharmacy services to correctional institutions, senior care facilities and other institutions. In the 1990s, she went back to school to get her doctorate in pharmacy from the University of Maryland, while continuing to work full-time.
Yankellow, 56, formed Correct Rx in spring 2003 after the breakup of an earlier vices, which was based in Baltimore. Less than 60 days after Yankellow hatched the original business plan, Correct Rx opened for business in May 2003. Right off the bat, Yankellow was able to win some of her old company's clients. She credits the quick start to her long experience in the industry.
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