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CareRx Corp T.CRRX

Alternate Symbol(s):  CHHHF

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

Bullboard Posts
Post by ValueSpotteron Jan 23, 2018 6:16pm
157 Views
Post# 27419901

Imagine that 5 small pharmacies service..

Imagine that 5 small pharmacies service..500 beds each. They all do a pretty good job but one has a pharmacist that is interested in nursing home or assisted living care. Along comes Centric Health with their team and their platform and their liquidity and they say... sign with us and together we can service all 2500 beds more efficiently. By the way... if you don't want to... no big deal... we are meeting with your competitors tomorrow amd we have new grads from U of T and UBC itching at the opportunity. Now multiply that 2500 bed scenario by say... 4 possible geographical areas. 10000 beds serviced in a potentially more cost effective manner. Hmmm... win... win... win... the residents win... Centric wins... and believe it or not the other 4 pharmacies also win because they can focus on their own strengths. Those sellimg here are either in this for a short term buck or they do not understand the business model. If they get together with "Nurse Next Door or a similar group and service the home beds..... look out... .50 may not be the share price... it could be the annual dividend... maybe not tomorrow but some day. Conduct your own due diligence. VS
Bullboard Posts