15:41:50 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



CareRx Corp
Symbol CRRX
Shares Issued 59,921,923
Close 2024-04-19 C$ 2.25
Market Cap C$ 134,824,327
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CareRx hosts politicians at Oakville pharmacy

2024-04-22 10:40 ET - News Release

Mr. Andrew Mok reports

CARERX CORPORATION HOSTS PREMIER OF ONTARIO, MINISTER OF LONG-TERM CARE AND MPPS AT OAKVILLE FULFILLMENT CENTRE

CareRx Corp. hosted Doug Ford, Premier of Ontario, at the company's Oakville pharmacy on April 18, 2024, to showcase CareRx's leadership in technology and innovation in support of improving health care outcomes for residents in long-term care homes across Ontario.

He was joined by Stan Cho, Minister of Long-Term Care, Stephen Crawford, member of provincial parliament (Oakville) and Effie Triantafilopoulos, MPP (Oakville North-Burlington).

Alongside several senior leaders from CareRx's home operating partners, the delegation received a demonstration of CareRx's automated high-volume medication packaging equipment, optical verification robotics and use of Lean management principles that drive continuous improvement in pharmacy operations. CareRx team members were proud to share personal stories of their commitment to ensuring safe and efficient medication management for seniors.

"We would like to extend our gratitude to the Ontario government for their continued support of long-term care pharmacy service providers," said Puneet Khanna, president and chief executive officer of CareRx. "This visit underscores our combined commitment to supporting seniors in Ontario and to driving innovation and improving health care for our community. We look forward to forging an even stronger partnership in the future."

About CareRx Corp.

CareRx is Canada's leading provider of pharmacy services to seniors living communities. It serves approximately 91,000 residents in over 1,500 seniors and other congregate care communities (long-term care homes, retirement homes, assisted living facilities and group homes). It is a national organization with a large network of pharmacy fulfilment centres strategically located across the country. This allows CareRx to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. CareRx 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 regimens. It 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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