Wellgistics Health Enters into LOI to Acquire Kare Rx Hub

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[{"type":"list","items":[{"val":[{"type":"text","content":"KareRx to add plug & play telemedicine pharmacy-support vertical and key manufacturer relationships to Wellgistics' offering","length":132,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Telemedicine remote dispensing market expected to grow from $6.7 billion in 2025 to $13.57 billion by 2032 according to Fortune Business Insights","length":145,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":277,"olType":false},{"type":"text","content":"Tampa, Florida--(Newsfile Corp. - November 4, 2025) - Wellgistics Health, Inc. (NASDAQ: WGRX) ("Wellgistics"), a leader in next-generation pharmaceutical distribution, digital prescription routing, and AI-powered hub fulfillment, today announced that it has entered into a non-binding letter of intent to acquire Kare Rx Hub, LLC ("KareRx"), an artificial intelligence (AI)-based digital hub for retail pharmacies, telemedicine portal and specialty pharmaceutical 'lite' branded products from Kare Pharmtech, LLC, a company owned by Dr. Kiran Patel, MD. The all-stock transaction is expected to close by January 31, 2026.","length":659,"tagName":"p"},{"type":"text","content":""With Wellgistics' recent management upgrade and aggressive move to become the leader in Web 3.0 blockchain-enabled manufacturer-to-patient tracking and dispensing with patent protected technology via its emerging relationship with DataVault AI, it has positioned itself as the obvious solution to independent pharmacists' challenges," said Mital Panara, MBA, Founder, President & CEO of Kare Pharmtech. "Wellgistics has the scale needed to dramatically accelerate KareRx' business plan, and now also has the unique value proposition of being the only pharmacy hub services company with access to a patent-protected blockchain technology platform to squeeze the inefficiencies out from the prescription drug supply chain and last mile medication delivery to patient models."","length":810,"tagName":"p"},{"type":"text","content":"Dr. Kiran Patel, Founder, Chairman and controlling shareholder of Kare Pharmtech, noted, "We are excited to become shareholders of Wellgistics and help them fulfill our shared vision of providing end-to-end hub services for compliance and optimization of pharm...

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