Mr. Puneet Khanna reports

CARERX CORPORATION ANNOUNCES CLOSING OF $70 MILLION DEBT REFINANCING

CareRx Corp. today closed the comprehensive refinancing transaction with a syndicate of lenders led by a Canadian Schedule I chartered bank, and arranged and managed by Crown Private Credit Partners Inc. as announced in its Dec. 11, 2023, press release.

In addition to repaying the outstanding term loan and subordinated debt as previously outlined, concurrent with the closing, the company also redeemed the entire aggregate principal of its March, 2019, convertible debentures that otherwise were set to mature on March 12, 2024, at par plus accrued interest.

About CareRx Corp.

CareRx is Canada's leading provider of pharmacy services to seniors living communities. It serves approximately 94,000 residents in over 1,500 seniors and other congregate care communities (long-term care homes, retirement homes, assisted living facilities and group homes). CareRx is a national organization with a large network of pharmacy fulfilment centres strategically located across the country. This allows the company to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. The company uses best-in-class technology that automates the preparation and verification of multidose compliance packaging of medication, providing the highest levels of safety and adherence for individuals with complex medication regimes. CareRx takes an active role in working with its home operator partners to promote resident health, staff education, and medication system quality and efficiency.

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