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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
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Post by mayorkghon May 26, 2021 2:18pm
263 Views
Post# 33268892

CareRx valuation- IA Capital Markets- May 19- $10.75

CareRx valuation- IA Capital Markets- May 19- $10.75
Valuation
April was an extremely active month for CRRX with not one, but three accretive
acquisitions. The acquisitions propelled CRRX to reach ~92,000 beds serviced, which
we believe will increase with at least another 8,000 beds in organic growth in 2021.
Increased revenue, coupled with cost-saving synergies and an increased competitive
advantage with favourable drug pricing and an improved competitive landscape,
allow us remain bullish on CRRX in 2021. We value CareRx using the average of DCF,
EV/EBITDA and EV/Revenue valuations to arrive at our $10.75/share target price
(previously $7.50/share). We reiterate our Buy recommendation.
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