Bullboard - Stock Discussion Forum CareRx Corp CHHHF

Primary Symbol: T.CRRX

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... see more

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TSX:CRRX - Post Discussion

CareRx Corp > 100k Bed Target

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Post by zinger99 on Dec 18, 2021 2:57pm

100k Bed Target

The CEO appeared quite confident during the last presentation that the. team was focussedon hitting the 100k by year-end. Not sure if the latest variant may have impacted RFP opportunities. Fingers crossed that they cross over the line by end of Dec!!

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Comment by MrMugsy on Dec 18, 2021 6:09pm

Actually Zinger, I think he was confident in late 2021 or early 2022. He made it clear that he wasn't going to rush acquisitions of the beds ... he was going to wait for the opportunities to come to him. Sorry, I don't remember the exact wording but he left the potential that 100K beds could occur in the new year - but that's OK too. No point over-paying just to hit that goal. ...more

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Comment by DanielDarden123 on Dec 21, 2021 3:50pm

From what I see, they have plenty to digest already. Growth for the sake of growth without efficiently analysing capacity constraints often yields unintended consequences. Finding the right people to fill the multitude of positions should be priority number 1 before errors begin to surface. Reliability is paramount in their business.

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