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CareRx Corporation 3Q revenue exceeds analyst estimates, driven by acquisitions and organic growth

CareRx Corporation 3Q revenue exceeds analyst estimates, driven by acquisitions and organic growth

CareRx Corporation (TSX:CRRX) CEO David Murphy tells Proactive the group posted third-quarter results that saw its revenue jump 56% year-on-year, driven by strong contributions from its acquisitions, and strong organic growth. Murphy says the Toronto-based provider of pharmacy services to senior living communities, reported revenue of C$71.3 million, compared to C$45.6 million in the 3Q of 2020. The company also logged 79% year-on-year growth in adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization for the quarter.

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