TORONTO, Oct. 1, 2024
/CNW/ - CareRx Corporation ("CareRx" or "the Company")
(TSX: CRRX) today announced that it will be opening a new
state-of-the-art pharmacy in North
Burnaby, British Columbia.
This new pharmacy fulfillment centre is designed to enhance
service delivery for the homes and residents serviced by CareRx
throughout the B.C. lower mainland, while improving the employee
experience, through optimized workflows, streamlined operations and
leading-edge medication packaging technology. Notably, this
location will utilize an advanced high-volume medication packaging
technology, allowing for the processing of significantly higher
prescription volumes, while enhancing safety and reducing
waste.
With this expansion, CareRx will be consolidating its existing
Burnaby and Vancouver pharmacy operations into the new
North Burnaby location, commencing
in early December 2024. The
transition is expected to be completed by the end of Q1 2025.
"Following the success of our first high-volume pharmacy in
Oakville, Ontario in 2022, we are
excited to replicate this model in B.C.," said Puneet Khanna, President and Chief Executive
Officer of CareRx. "By uniting our Burnaby and Vancouver pharmacies under one roof, we can
leverage enhanced workflows and cutting-edge technology.
Furthermore, this supports our commitment to implementing LEAN
methodologies, driving efficiencies and further elevating our
service offering to our home operator partners and residents."
About CareRx Corporation
CareRx is Canada's leading provider of pharmacy
services to seniors living communities. We serve approximately
90,000 residents in approximately 1,450 seniors and other
congregate care communities (long-term care homes, retirement
homes, assisted living facilities, and group homes). We are a
national organization with a large network of pharmacy fulfillment
centres strategically located across the country. This allows us to
deliver medications in a timely and cost-effective manner and
quickly respond to routine changes in medication management. We use
best-in-class technology that automates the preparation and
verification of multi-dose compliance packaging of medication,
providing the highest levels of safety and adherence for
individuals with complex medication regimens. We take an active
role in working with our home operator partners to promote resident
health, staff education, and medication system quality and
efficiency.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements" within the meaning of applicable
Canadian securities legislation. These forward-looking statements
include, among others, statements regarding the Company's business
strategy, plans and other expectations, beliefs, goals, objectives,
information and statements about possible future events.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate" or similar expressions
suggesting future outcomes or events. Such forward-looking
statements reflect management's current beliefs and are based on
information currently available to management.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
contemplated by such statements. Factors that could cause such
differences include the Company's general business risks, the
Company's exposure to and reliance on government regulation and
funding, risks related to employee recruitment and retention, the
Company's liquidity and capital requirements, exposure to epidemic
or pandemic outbreak, reliance on contracts with key care operators
and other risk factors described from time to time in the reports
and disclosure documents filed by the Company with Canadian
securities regulatory agencies and commissions. These and other
factors should be considered carefully and readers should not place
undue reliance on the Company's forward-looking statements. As a
result of the foregoing and other factors, no assurance can be
given as to any such future results, levels of activity or
achievements and neither the Company nor any other person assumes
responsibility for the accuracy and completeness of these
forward-looking statements. The factors underlying current
expectations are dynamic and subject to change.
SOURCE CareRX Corporation