CareRx Corp T.CRRX

Alternate Symbol(s): CHHHF

Healthcare

CareRx Corporation is a Canada-based provider of pharmacy services to seniors living communities. The Company serves over 94,000 residents in over 1,500 senior and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. It supports its home care partners by providing solutions for the supply of chronic medication. It offers a range of medication solutions. Its technology automates the preparation and verification of multi-dose compliance packaging of medication, providing the safety and adherence for individuals with complex medication regimes. Its network of pharmacy fulfillment centers delivers solutions for the supply of chronic medication and other specialty clinical pharmacy services. The Company provides services in rural and urban areas throughout Ontario, Alberta, British Columbia, and parts of Saskatchewan. It works with home operator partners to promote resident health, staff education and others.

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CareRx Corp > Stephen Takacsy on BNN today

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Post by Possibleidiot01on Jun 16, 2020 2:11pm

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Stephen Takacsy on BNN today

Centric Health (CHH-T)

June 16, 2020

They made huge strides in the past year. They are Canada's biggest provider of meds to seniors' homes. Stock has risen over 50% during the pandemic, partially because they just completed a highly accretive purchase of another company. They have a strong balance sheet now, so they can continue to consolidate in a fragmented industry. The only other big player is Shoppers Drug Mart. CHH has a good balance sheet. Contracts with these retirement homes are coming for renewal in the coming 12 months. This stock could double in 12 months. He expects organic and acquisition growth. (Analysts’ price target is $0.38)

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