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CareRx Completes Acquistion of SmartMeds Pharmacy
CareRx Completes Acquistion of SmartMeds Pharmacy Canada NewsWire Acq...
About this update from Carerx Corporation
[{"type":"text","content":"\n \n \n \n CareRx Completes Acquistion of SmartMeds Pharmacy\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Acquisition increases the number of residents serviced by 2,400\n \n \n \n \n TORONTO\n \n ,\n \n April 1, 2021\n \n /CNW/ - CareRx Corporation (\"\n \n CareRx\n \n \" or the \"\n \n Company\n \n \") (TSX: CRRX), Canada's leading provider of pharmacy services to seniors communities, announced today that it has closed the previously announced acquisition of SmartMeds Pharmacy Inc. (\"\n \n SmartMeds\n \n \"), a pharmacy serving over 2,400 residents in long-term care, assisted living and other institutional settings in\n \n Ontario\n \n (the \"\n \n Transaction\n \n \"). SmartMeds also operates a retail pharmacy located in\n \n Burlington, Ontario\n \n that was acquired as part of the Transaction.\n \n \n \"We are excited to welcome the SmartMeds team to CareRx,\" said\n \n David Murphy\n \n , President and Chief Executive Officer of CareRx. \"We look forward to quickly integrating this outstanding organization, providing customers with a seamless transition that adds SmartMeds' reputation for service excellence and its value-added technology offering to CareRx's leading pharmacy services platform.\"\n \n \n At closing of the Transaction, CareRx issued the vendors of SmartMeds\n \n $4 million\n \n of cash and 86,678 common shares of CareRx valued at\n \n $475,000\n \n , subject to customary closing adjustments.\n \n \n \n \n About CareRx Corporation\n \n \n \n \n CareRx is\n \n Canada's\n \n leading provider of pharmacy services to seniors communities. We serve over 50,000 residents in over 900 seniors and other communities (long-term care homes, retirement homes, assisted living facilities, and group homes). We are a national organization with a large network of pharmacy fulfillment centres strategically located across the country. This allows us to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. We use ...