RXMD Announces Significant Expansion to Establish Full-Service PharmCo Operations and Rapid Testing Services in Orlando
July 29 2020 - 8:11AM
InvestorsHub NewsWire
Progressive Care Announces
Significant Expansion to Establish Full-Service PharmCo Operations
and Rapid Testing Services in Orlando Regional Market
Read full release
Miami, FL -- July 29, 2020 -- InvestorsHub NewsWire -- Progressive
Care Inc. (OTCQB:
RXMD) ("Progressive Care" or the "Company"), a personalized
healthcare services and technology company, is excited to announce
the expansion of the Company's PharmCo branded pharmacy operations
and presence in the Orlando metropolitan area. The Company is
moving out of its current Orlando pharmacy location, which is a 700
square-foot mini-pharmacy operating under the "Five Star" brand
designation, to a 3,700 square-foot full-size pharmacy that will
open under the PharmCo brand designation.
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The Company is also very pleased to report that this move, which
represents an expansion in property size of more than 400%, will
not increase monthly lease costs.
Once completed, the move will allow for a dramatic expansion in the
services and products offered in the Orlando market, including the
full scope of PharmCo pharmacy goods and services, as well as
therapy management, patient management, cost management services,
and rapid-results testing services (COVID-19 IgG/IgM) as authorized
by the FDA under its Emergency Use Authorization ("EUA") guidelines
for conducting SARS-CoV-2 antibody presence and COVID-19 infection
diagnosis testing.
The inclusion of future testing at this new location represents the
Company's continued expansion in that service area. As noted in its
release dated July 14, Progressive Care expanded its antibody
testing regional footprint to include Palm Beach County earlier
this week. Today's announcement indicates further expansion of that
coverage zone, which now also includes Orange County. The Company's
antibody testing service has been met with extremely strong demand
at its Dade location, depleting testing kit inventories through
sales to health providers and on-site test administrations. In
response to both this surge in demand and the expansion in regional
coverage, the Company has ordered a large new supply of antibody
testing kits for sale and administration across South Florida with
Orange County coming on shortly.
"This move will create access to a wider base of customers,
patients, and providers, and will provide much-needed room to grow
for years to come," remarked S. Parikh Mars, CEO of Progressive
Care. "Both the small size and limited location surroundings of our
Five Star location have been constraining our ability to grow in
the dynamic Orlando market. In addition, the shift in brand
designation to our widely recognized PharmCo brand will drive
expanded market share potential and allow us to tap the huge
potential we see in this market."
Management notes that the new location offers an ideal context for
a large full-service pharmacy presence. Not only is the space much
larger and better suited to a high volume of business, but the
surrounding area features four major clinical healthcare provider
operations within a direct view of the new storefront. In addition,
because its pharmacy operations at the Five Star location have been
situated inside a specific clinic, the Company believes relocating
into a larger stand-alone space will create a much wider marketing
opportunity, allowing PharmCo to target area providers far more
effectively.
Progressive Care is committed to providing Florida residents,
businesses, and healthcare providers with the resources necessary
to successfully navigate this challenging healthcare environment.
The Company looks forward to helping Orlando in its fight against
the COVID-19 health crisis through access to PharmCo's antibody
testing services.
"We have established leadership in contactless delivery of pharmacy
services and access to rapid-results antibody testing in Dade,
Broward, and Palm Beach counties in recent months," continued Mars.
"We are grateful for the opportunity to extend the scope of that
commitment to our valued patients, providers, and residents in the
Orlando metropolitan area."
For more information about Progressive Care, please visit the
Company's website progressivecareus.com
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCoRx
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
ClearMetrX
https://www.clearmetrx.com/
https://www.facebook.com/clearmetrx/
Carlos Rangel
carlosr@pharmcorx.com
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