Progressive Care Increases Revenue by 22% for January 2017
MIAMI, FL -- February 28, 2017 -- InvestorsHub NewsWire --
Progressive Care Inc. (OTC
PINK: RXMD), through its subsidiary Pharmco LLC, a South
Florida health services organization and provider of prescription
pharmaceuticals specializing in health practice risk management,
compounded medications, the sale of anti-retroviral medications and
related medication therapy management, and the supply of
prescription medications to long term care facilities, announces
strong start to 2017.
PharmCo continues to deliver year over year growth, filling over
17,500 prescriptions and garnering revenues of $1.6 million for the
month, which is a 12% and 22% increase over January 2016
respectively. The Company is in the middle of what is commonly
called deductible season where costly health care decisions are
deferred until after deductibles are met for the year. During this
period, typically the first quarter of the year, new prescriptions
therapies are lower when compared to the rest of the year.
This is a really exciting start to year, stated S. Parikh Mars,
CEO. We are completing the audit of the 2016 Annual Report, focused
on building new relationships with doctors, clinics, and long term
care facilities, and pushing forward on our aggressive growth
agenda. We are emboldened by the new opportunities we have in front
of us, like our Century Village Resource Center and Smart Medical
Alliance and are looking forward to strong results from both of
these ventures this year.
About Progressive Care
Progressive Care, Inc. (OTC
PINK: RXMD), through its subsidiary PharmCo, LLC, is a South
Florida health services organization and provider of prescription
pharmaceuticals specializing in health practice risk management,
compounded medications, the sale of anti-retroviral medications and
related medication therapy management, and the supply of
prescription medications to long term care facilities.
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Contact
Armen Karapetyan
Senior Advisor Business Development
armen@progressivecareus.com