UPDATE:
Progressive Care Reports 20% Increase in
Year over Year Prescriptions Filled During
March 2018
MIAMI FL
-- April 16, 2018 -- InvestorsHub
NewsWire -- Progressive Care Inc. (OTCQB:
RXMD),
a healthcare services and technology company,
announced
increased prescriptions filled and revenue for March
2018.
PharmCo,
LLC filled over 22,800 prescriptions during the
month of March, generating nearly
$1.9 million in net revenues.
Prescriptions filled and revenues
increased
by 20% and 18% respectively
compared to the
same month last year. Revenues and prescription
counts continue to increase as the Company promotes its proactive
patient engagement model to doctor's offices and clinics keen to
lower healthcare costs and provide quality service to their
patients. The company also filled
over $470,000 worth of prescriptions
on behalf
of 340B
entities (not included in Net
Revenues) in February, generating fees
to the pharmacy of approximately $20,000 which is over a 200% increase over the same
month last year.
The
Company is proceeding with its acquisition of Touchpoint Rx,
located in Palm Beach County. The Company has begun the process of
filing applications and notifying relevant regulatory agencies the
results of which will consummate the closing. In the interim,
PharmCo, LLC is facilitating the management of the Touchpoint and
initiated transition processes for smooth workflow and the
introduction of
convenience packaging to the South Florida retail
market.
"This has been truly an
exciting quarter," stated S. Parikh Mars,
CEO. "We
are well on our way to having our second location. Our services
will be greatly improved by addition of automated convenience
packaging options for retail patients. We have a number of other
initiatives we are pushing forward on and feel that we are
executing well."
This Press Release has been updated to reflect the correct
percentage increase of year over year revenues.
Get
connected and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
About
Progressive Care
Progressive Care Inc.
(OTCQB:RXMD),
through its PharmCo, LLC, is a South
Florida health services organization and provider of prescription
pharmaceuticals, compounded medications, provider of tele-pharmacy
services, the sale of anti-retroviral medications, medication
therapy management (MTM), the supply of prescription medications to
long term care facilities, and health practice risk
management.
Cautionary Statement
Regarding Forward Looking Statements
Statements contained
herein that are not based upon current or historical fact are
forward-looking in nature and constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements reflect the Company's expectations about
its future operating results, performance and opportunities that
involve substantial risks and uncertainties. These statements
include but are not limited to statements regarding the intended
terms of the offering, closing of the offering and use of any
proceeds from the offering. When used herein, the words
"anticipate," "believe," "estimate," "upcoming," "plan," "target,"
"intend" and "expect" and similar expressions, as they relate to
Progressive Care Inc., its subsidiaries, or its management, are
intended to identify such forward-looking statements. These
forward-looking statements are based on information currently
available to the Company and are subject to a number of risks,
uncertainties, and other factors that could cause the Company's
actual results, performance, prospects, and opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements.
Contact
Armen
Karapetyan
Senior Advisor
Business Development
armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com