TORONTO, Sept. 14, 2021 /CNW/ - CareRx Corporation ("CareRx" or the "Company") (TSX: CRRX), Canada's leading provider of pharmacy services to seniors living and other congregate care communities, announced today that it has expanded its existing contract with an Ontario-based seniors home operator that is expected to add approximately 1,500 new retirement and long-term care residents in 19 seniors housing communities. The new beds are expected to transition to CareRx at the beginning of the fourth quarter of 2021, and will be serviced through CareRx's existing infrastructure.
"The decision by our customer to consolidate from using multiple pharmacy service providers to using CareRx exclusively is a testament to our compelling value proposition, service differentiation, and focus on resident safety and wellbeing," said David Murphy, President and Chief Executive Officer of CareRx. "This win, combined with our recent M&A activity, puts us one step closer to achieving our target of 100,000 beds serviced."
https://www.newswire.ca/news-releases/carerx-expands-existing-contract-with-seniors-home-operator-adding-1-500-beds-830390311.html