Pharmacy benefit manager Capital Rx named Lloyd Fiorini as general counsel and chief compliance officer this week. 

Fiorini most recently served as deputy general counsel at OptumRx and has a vast background in healthcare legal affairs over the course of 25 years, including a particular focus on PBMs, pharmacy and reimbursement. Before OptumRx, Fiorini served as VP of healthcare at Walgreens and VP and legal counsel for CVS Caremark. 

He joins Capital Rx at a pivotal time for the company, which recently closed a $106 million Series C investment round earlier this year. In a company press release, Capital Rx stated that it currently serves over 180 employer groups, unions, payers and government entities.

Capital Rx CEO AJ Loiacono said he is “thrilled” to have Fiorini join the organization and assist in guiding it through the next phases of growth. 

“It’s an inspiring time to join Capital Rx and help bring much-needed change to prescription drug benefits management throughout our industry,” Fiorini said in a statement. “Capital Rx is showing the way forward on making drug pricing and delivery more transparent, equitable, and focused on patients. The Capital Rx team is exceptional, and I look forward to working with them to build on their success in serving customers and driving change in healthcare.”

Fiorini is the latest addition to the Capital Rx team.

Earlier this month, the PBM tabbed Marcel White as its first chief people officer, where he will lead talent acquisition for the company. In February, the company announced that Kristin Begley, PharmD, will serve as its first chief growth officer. Begley previously served as chief commercial officer at Wildflower Health.