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TSX:CRRX

CareRx Corporation

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Market:
TSX
Price
1.95 CAD
Day Change
-
Market Cap:
$116.72 m
52 weeks high
2.48
52 weeks low
1.10

In brief

CareRx Corporation is Canada's leading provider of pharmacy services to seniors living communities and other institutional settings, serving over 96,000 residents in over 1,600 facilities communities (long-term care homes, retirement homes, assisted living facilities, and group homes). CareRx uses best-in-class technology that automates the preparation and verification of multi-dose compliance packaging of medication. 

CareRx’s growth strategy is focused on capitalizing on the favourable demographics that exist in the expanding seniors market through a multi-pronged organic growth and acquisition strategy. CareRx is well positioned to continue to increase the number of beds serviced by winning significant new contracts and making accretive acquisitions. 

Snapshot

  • CareRx refinances $70M debt in cost-savings move
  • CareRx can navigate near-term healthcare market headwinds, analysts say
  • CareRX Corporation new CEO sets course for success