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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Progressive Care Inc (QB) | USOTC:RXMD | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.332 | -14.82% | 1.908 | 1.80 | 2.23 | 1.908 | 1.66 | 1.66 | 407 | 15:31:08 |
Progressive Care: PharmCo Installs ScriptPro Robotic System
MIAMI, FL -- October 25, 2016 -- 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 the installation of ScriptPros CRS 225 robotic prescription dispensing system.
On Thursday, October 20, 2016, the ScriptPro CRS 225 was installed in the new facility extension of PharmCo. The CRS 225 holds up to 225 individual medications and fills over 1000 prescriptions per day. The automated dispensing system will greatly increase production capacity, streamline workflow, and add an extra layer of quality control to PharmCos already rigorous accuracy management protocol. Testing and training on the new systems will be completed in the first week of November.
"This is a long anticipated moment for us and we are so excited to see the modernization of our facility coming to fruition," stated S. Parikh Mars, CEO. Currently, PharmCo is filling just under 1000 prescriptions per day without the assistance of the automation system. The ScriptPro CRS 225 will double filling capacity without an increase in labor costs. We also expect to see capacity and productivity gains from improved accuracy and the new workflow process. This is a remarkable step forward for the company which will yield financial benefits in the coming quarters.
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.
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 Companys 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
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