Gilbert, and a CFO seat through a sale
Scott Magnano is founder and CFO of Magnano Advisory, headquartered in Gilbert, Arizona. He works with founders across the Phoenix metro and nationally. He has 25-plus years in executive finance. Phoenix
Medicx hired him as CFO in September 2019. He had been assistant vice president for financial planning and analysis at CNA National Warranty, and director of financial planning and analysis at LifeLock. Medicx announcement
The Medicx sale, then the practice
He joined Medicx when the company had roughly three months of cash and three years of declining revenue. On his account, revenue later ran from about $15M to $40M at 20%+ EBITDA margins.Company-reported OptimizeRx agreed in October 2023 to acquire Medicx Health for $95 million. OptimizeRx release Track record
Magnano Advisory now takes a small set of funded, scaling, turnaround, and exit-stage companies in healthcare, technology, insurance, services, and pharmacy benefit management. Published retainers start at $6,000 a month for Foundations, $12,000 for Growth, $20,000 for Keystone, and $28,000 for Acting CFO. A 30-day Pulse Check is $5,000. Retainers
Accomplishments
- CFO of Medicx from September 2019. OptimizeRx agreed to buy Medicx Health for $95 million in October 2023. OptimizeRx release
- Revenue from about $15M to $40M and 20%+ EBITDA margins during the Medicx years.Company-reported Track record
Case studies
Medicx Health
CFO from 2019 through the sale to OptimizeRx. The $95 million purchase price is in OptimizeRx's October 12, 2023 release. The revenue and margin path is his account.
Track record
Sources
- Magnano Advisory · Magnano Advisory · Accessed 2026-10-07
- Phoenix
- Medicx announcement
- OptimizeRx release
- Track record
- Retainers