CareRx Corp

About

CareRx Corp. engages in the provision of pharmacy and other healthcare services. It offers services for patients, solutions for insurers, solutions for employers, and solutions for long term care homes and retirement residences. The company was founded by Brenda Rasmussen on February 2, 2001 and is headquartered in Toronto, Canada.

Growth

CareRx is an established company in the specialty pharmacy services sector, with a focus on serving seniors in Canada. With over 1,500 seniors' and other communities served and approximately 94,000 residents under their care, CareRx has a strong presence and market position. The company has a unified mission to enhance the health of Canadians with unique or complex medication needs, showcasing a commitment to providing specialized services.

Achievements

CareRx has reached significant milestones in its history, such as consolidating customer-centric regional pharmacies to form a national umbrella organization. This strategic move has allowed CareRx to offer a comprehensive range of services to its customers. With over 70 years of combined experience in providing care, the company has established longstanding partnerships and a reputation for delivering quality services. CareRx's growth strategy and commitment to creating value for its shareholders and stakeholders are key achievements in its trajectory.

Case Studies

CareRx has been involved in numerous impactful projects and initiatives aimed at improving medication management and health outcomes for seniors in various care environments. By providing medication and clinical support, consultations to physicians, and operational guidance to home operators, CareRx plays a vital role in the healthcare ecosystem. The company's emphasis on equipping healthcare teams with the necessary tools, technology, and expertise underscores its dedication to enhancing the quality of care for residents.

Key Events

Key events in CareRx's journey include the company's establishment as Canada's leading provider of specialty pharmacy services for seniors, serving a large resident population across diverse care settings. The successful consolidation of regional pharmacies into a national entity has been a pivotal moment, enabling CareRx to offer comprehensive services nationwide. Moreover, the company's recent listing on the Toronto Stock Exchange demonstrates its commitment to growth and value creation for shareholders. These events showcase CareRx's strong position in the market and its dedication to improving the health outcomes of Canadians.

Socials

company logo
CEO
Founded

-

Operating Status

Active

Industry

Retail/Wholesale

headquarters
Address

20 Eglinton Avenue West 320 Bay Street Suite 1200 Toronto Ontario M5H 4A6 Canada...

Country

Canada

Employees

1685

Key People

Keith L. McIntosh (Director)

Alpinder Grewal (VP-Operations East & Business Transformation)

Suzanne Brand (Chief Financial Officer)

Revenue

370.75 M

Operating Income

Stock Price

$1.98


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CareRx Corp

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About CareRx Corp

CareRx Corp. engages in the provision of pharmacy and other healthcare services. It offers services for patients, solutions for insurers, solutions for employers, and solutions for long term care homes and retirement residences. The company was founded by Brenda Rasmussen on February 2, 2001 and is headquartered in Toronto, Canada.


Why Setting Up a Virtual Delivery Center (VDC) Is Critical for Your Company’s Success

Achieving business success in today’s competitive landscape requires specialized expertise, seamless operations, and continuous innovation. Establishing a Virtual Delivery Center (VDC) can transform your company’s growth journey by ensuring efficiency, scalability, and long-term value.

Why Choose a VDC for Your Company?

1. Cost Optimization:

Save up to 70% on operational costs by leveraging remote teams and streamlined processes.

2. Expert Access:

Gain instant access to highly skilled professionals, ensuring faster and smoother project execution.

3. Scalable Teams:

Scale your team as business needs evolve, from initial project setup to long-term support.

4. Accelerated Timelines:

Leverage 24/7 global teams to reduce project delays and speed up implementation.

5. Continuous Support:

Ensure uninterrupted business performance with ongoing maintenance and updates.

Unlock Business Success with a VDC By establishing a VDC, your company can overcome operational challenges, achieve seamless system integration, and maximize ROI. Stay ahead in today’s dynamic market with a future-ready business strategy powered by a Virtual Delivery Center. Learn More About Us

Book A Meeting To Setup Your VDCovertime
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