Who We Are
CareRx is Canada’s leading provider of specialty pharmacy services to seniors. We serve approximately 50,000 residents in over 900 seniors and other 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. Our proximity to our customers allows us to deliver medications in a timely and cost-effective manner, and quickly respond to routine changes in medication management.
Our dedicated team and organizational culture has an unwavering commitment to delivering superior quality of care to the individuals we serve. Whether it is in our fulfillment centres or on-site with our home operator partners, we are dedicated to achieving the highest service and ethical standards.
Our pharmacy fulfillment centres dispense over 1,400,000 prescriptions every month. We provide high-volume solutions for cost-effective supply of chronic medication and other specialty clinical care. 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 regimes.
Growth Strategy and Outlook
Our growth strategy is focused on capitalizing on the favourable demographics that exist in the rapidly expanding seniors market through a multi-pronged organic growth and acquisition strategy. We believe we are well positioned to continue to increase our beds under care through winning significant new contracts. In addition, we operate in a highly fragmented market and believe there are numerous opportunities for us to make accretive acquisitions that will enable us to leverage our national footprint and continue to increase our scale and benefit from additional operational synergies. We believe this strategy will create significant value for our shareholders and other stakeholders while giving us the ability to offer a compelling, best-in-class service offering to our customers.