Healthcare >> CEO Interviews >> July 3, 2000

Sergio Vallejo – Complete Wellness Centers Inc (cmwl)

SERGIO R. VALLEJO, DMD, is President & COO of Complete Wellness Centers. Dr. Vallejo brings to the company a unique combination of team-spirited leadership, solid organizational skills, and pragmatic management style which has defined his success and resulted in the rapid growth of each and every business venture he has undertaken. Dr. Vallejo obtained his Bachelor of Science degree in Chemistry in 1985 from the University of South Florida. While attending graduate school to receive his DMD from the University of Florida, Dr. Vallejo founded PVM Prescription Center, an institutional pharmacy that provided medications and supplies to the residents of long-term care facilities throughout central Florida. In 1989, Dr. Vallejo successfully merged three thriving dental practices into one, forming Jones Wilson Vallejo Associates, P.A. He consolidated all accounting functions, then evaluated and lowered the overhead from 66% to 57%. He established a paperless online insurance claims transmittal system that allows the practice to bill patients and third- party providers on a daily basis, thereby increasing cash flow. After eight years of managing PVM, Dr. Vallejo proposed the company's sale and began negotiating offers from interested parties. Three years later, in 1996, he sold PVM to Sun Healthcare Group, a publicly traded company seeking to expand its pharmaceutical holdings. The business sold at an overwhelming profit over Dr. Vallejo's initial investment. In 1996, Dr. Vallejo assumed responsibility as the Director of Pharmacy Operations in Florida for Sunscript Pharmacy Corporation, an international company with 44 pharmacies in the United States alone. In the 18 months he was affiliated with Sunscript (a subsidiary of Sun Healthcare), Dr. Vallejo increased gross revenues 250% and increased net by 350%. After Sun Healthcare bought PVM, Dr. Vallejo continued to work with them in obtaining long-term care pharmacy accreditation with commendation through JCAHO, scoring a 97 out of 100 total points. He also oversaw the relocation of PVM to a new location and doubled the size of the staff. Dr. Vallejo currently serves as a member of the Board of Directors of Universal Building Specialists, a statewide building contractor specializing in the design and construction of complicated roof systems, decking, and other customized projects. UBS is a privately held company grossing an average of $15 million per year. Dr. Vallejo is acutely aware of the role the Board of Directors plays in today's corporate environment, and strives to provide innovative and insightful concepts indicative of his forward-thinking style. Dr. Vallejo's other business interests include ownership in Transworld Senior Services, an assisted living facility development firm, and S&S Enterprises, a real estate investment company. Profile
TWST: Could we start off by asking you to give us a a background and

profile of Complete Wellness Centers?

Dr. Vallejo: The company was originally founded to take advantage of the

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