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Centric Health Announces Plan to Rebrand as CareRx Corporation
Centric Health Announces Plan to Rebrand as CareRx Corporation Canada NewsWire T...
About this update from Carerx Corporation
[{"type":"text","content":"\n\n\n\nCentric Health Announces Plan to Rebrand as CareRx Corporation\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 13, 2020\n\n\n\nTORONTO, May 13, 2020 /CNW/ - Centric Health Corporation (\"Centric Health\" or the \"Company\") (TSX:CHH) announced today its intention to change its name to \"CareRx Corporation\". The Company's Board of Directors has approved the name change, and it will be formally submitted to shareholders for consideration at the Company's upcoming annual and special meeting of shareholders that is being held on June 18, 2020 (the \"Meeting\"). If the name change is approved by shareholders, and subject to customary Toronto Stock Exchange (\"TSX\") approvals, the Company expects to have its trading symbol for its common shares on the TSX changed to \"CRRX.\"\n\"In light of the Company's transformation from a diversified healthcare services company to the leading specialty pharmacy service provider in Canada, we felt that it was appropriate to adopt a brand that better reflects our strategic focus and core values,\" said David Murphy, President and Chief Executive Officer of the Company. \nThe Company operates under a number of pharmacy banners across Canada, including Classic Care Pharmacy and Centric Health Pharmacy in Ontario, Pharmacare Pharmacy in Alberta, CareRx Integrated Pharmacy in British Columbia and Pharmacy West in Saskatchewan. It also operates under the newly acquired Remedy'sRx banner in Ontario, Alberta and British Columbia and iPharm in Ontario. \n\"After our recent acquisition, we have an opportunity to unify our combined organization under a single national brand,\" said Mr. Murphy. \"We look forward to harmonizing our multiple pharmacy banners across Canada over the next few months and will be communicating more exciting news on this planned transition in the near future.\"\nThe Company also expects to submit to shareholders at the Meeting a resolution to consolidate the Company's issued and outstanding common shares (\"Common Shares\") on the basis of a range of one post-consolidation Common Share...