Business
Wellgistics Health, Inc. Announces Agreement to Acquire Peek Healthcare Technologies, Inc., to Support Over 2,500 Patients and $1.5MM Annual Revenue
TAMPA, FL / ACCESS Newswire / April 10, 2025 /Wellgistics Health, Inc. (NASDAQ:WGRX) ("Wellgistics Health" or the "Company"), a holding company for various existing and planned strategic businesses centered around healthcare technology and pharmaceutical ...
About this update from Wellgistics Health, Inc.
[{"type":"text","content":"TAMPA, FL / ACCESS Newswire / April 10, 2025 / Wellgistics Health, Inc. (NASDAQ:WGRX) ("Wellgistics Health" or the "Company"), a holding company for various existing and planned strategic businesses centered around healthcare technology and pharmaceutical services, today announced it has entered into a definitive agreement to acquire Peek Healthcare Technologies, Inc. ("Peek"). Peek operates the Peek Meds Marketplace, a digital prescription shopping platform built to empower consumers with real-time pricing transparency to assist consumers with making more informed medication purchase decisions.","length":632,"tagName":"p"},{"type":"text","content":"Through this acquisition, Wellgistics Health intends to expand its digital healthcare ecosystem and further its mission to create a more affordable, accessible, and patient-centric prescription experience.","length":205,"tagName":"p"},{"type":"text","content":""Access to clear and transparent medication pricing should be a right, not a privilege," said Brian Norton, Chief Executive Officer of Wellgistics Health. "The Peek platform aligns with our mission and vision to reimagine healthcare delivery - giving consumers the transparency, choice, and control they deserve. When combined with our existing technology stack, we are bringing a comprehensive set of solutions to market aimed at enhancing value and mitigating unnecessary costs across the prescription journey for other relevant stakeholders."","length":565,"tagName":"p"},{"type":"text","content":"Peek represents a high-growth opportunity within the evolving healthcare technology landscape, as per capita U.S. retail prescription drug spending is forecasted to increase by more than 40% over the next decade. Regulatory momentum is also accelerating through initiatives such as the Consolidated Appropriations Act of 2021 (CAA), which mandates prescription drug price transparency for health plans and insurers. As a result, consumer-driven prescription shopping is poised for rapid adoption. Peek is expected to be immediately accretive to earnings and significantly expand Wellgistics Health's total addressable market by integrating transparent digital pharmacy solutions into the Company's existing distribution, technology, and patient services ecosystem.","length":772,"tagName":"p"...