Progressive Care Completes Acquisition of Touchpoint
Pharmacy Expanding
Company Footprint and Market
Opportunity
MIAMI FL.
-- July 2,
2018 -- InvestorsHub NewsWire -- Progressive Care Inc. (OTCQB:
RXMD),
a personalized
healthcare services
and technology company, today announced that it has completed
the acquisition of a Touchpoint pharmacy
in Palm
Beach County. This second location
will
facilitate the company's
growth by
expanding
the
delivery
radius of
Progressive Care's pharmacy operations to now include Miami-Dade,
Broward, Palm Beach and Martin County. It will also decrease costs of
expansion of
products and services and increase prescription
dispensing efficiency.
The new 3,000-square-foot pharmacy facility
is
located
close to major
highways and has adequate space to provide
the opportunity to develop new processes for
long-term
care services, compounded medications, medication therapy management, and tele-pharmacy
services. The location also allows
for the accelerated
ramp-up of sales in the county
through the addition of
340B
services to
non-profit healthcare facilities, additional capacity to
service
long-term care
institutions, and referrals from area
physicians and clinics in need of patient support and medication
management.
"This second location
is a major
milestone in the growth of Progressive Care and will allow us to effectively bring the PharmCo pharmacy
model to a new market," said S. Parikh Mars, CEO of
Progressive Care. "Through this acquisition, we will be the first to bring the
full suite of adherence programs, packaging options, and range of
inventory to Palm Beach County to be delivered on a
local basis."
Progressive Care has
continued to make advances in becoming a leader in personalized
healthcare and tele-pharmacy services. Earlier this month,
the company added to its growing fleet of
robotic pharmacy equipment with the completion of
installation of a TCGRx Automated Pouch Packaging
System at its Miami-Dade County PharmCo location. Prior to
that announcement, the company
also began developing its own
proprietary tele-pharmacy software to digitally communicate with
patients, physicians, pharmacists, and caretakers across the
world and
expand the company's kiosk program.
To learn more about
Progressive
Care,
please visit the
company's website.
Connect 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 Inc.
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.
Public
Relations Contact:
Tory Patterson, CMW
Media
Tory@cmwmedia.com
www.cmwmedia.com
Investor
Relations Contact:
Armen Karapetyan, Progressive
Care
Senior Advisor Business
Development
Armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com