CareRx Corporation (TSX:CRRX) said it has signed a multi-year contract to provide pharmacy services to residents in multiple seniors living facilities in Atlantic Canada, initially serving up to 600 residents.
CareRx is currently in the process of establishing pharmacy operations in Atlantic Canada and expects to commence servicing homes in the third quarter of 2023.
"Establishing a presence in Atlantic Canada is another significant step in our growth journey and will further strengthen our position as the national leader in seniors pharmacy services," said David Murphy, CareRx president and CEO in a statement.
READ: CareRx reports continued strong growth in Q2 with revenue almost doubling
"We believe that our comprehensive and differentiated service model, which has been so successful in other provinces, will allow us to deliver higher quality and enhanced support to seniors housing operators in Atlantic Canada, becoming a foundation to further expand our presence and market share in the region in the years ahead."
"Geographic expansion remains a key strategic priority for CareRx, and we are confident in our ability to further expand our presence to other new geographies as we continue to execute on our growth and leadership vision," Murphy added.
CareRx is Canada's leading provider of pharmacy services to seniors living communities, serving over 97,000 residents in over 1,600 seniors and other congregate care communities.
Contact the author at jon.hopkins@proactiveinvestors.com