Company
TSE:CRRX
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.
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The Toronto-based company delivered revenue of C$46.4 million and an adjusted EBITDA of $4.1 million, in line with expectations for the three-month period to end December 2020
