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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.


TSX:CRRX - Post by User

CareRx Corp > CareRx to Acquire Hogan Long-Term Care Pharmacy
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Comment by MrMugsyon Mar 31, 2022 9:01am
135 Views
Post# 34562324

RE:RE:CareRx to Acquire Hogan Long-Term Care Pharmacy

RE:RE:CareRx to Acquire Hogan Long-Term Care Pharmacy
zinger99 wrote: Mugsy - nice transaction at a really good price. A few more of these acquisitions will be helpful. Suspect Hogan bed growth must be with a provider who is building new homes in the coming years. We should get to 100k beds this quarter I hope......


Absolutely !!!

Also ... CareRx is in a great position to build the best it can.  To do so, they can cherry-pick from what's out there.  Absolutely no competition on the acquisition front.

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Since 2015, Hogan Pharmacy Partners has offered a provincially-recognized, award-winning model of pharmacy services with a collaborative model that puts Residents safety and wellness first by ensuring their medication-safety in Long-Term Care by providing Automated Dispensing Cabinets, 24-7 TelePharmacists and In-Home Pharmacy Technicians.

Public Inquiry into the Safety and Security of Residents in the Long-Term Care Homes System / Chapter 17 - Deterrence Through Medication Management.

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This is the time to build the model correctly as you roll out a national footprint.  Then take it live internationally (if/when you are inclined to do so).  IMO.


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