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| RXMD Announces Audio Update |
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 Hot Stock to Watch |
Company: Progressive Care Inc. (OTCQB: RXMD)
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Last:
Price: 0.053
Change (%): + 0.003 (6.00)
Volume: 383,045 |
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Uptick Newswire Hosts Progressive Care Inc’s CEO to Discuss an Exciting New Acquisition Prospect and Company Growth
PHOENIX, Dec. 17, 2018 (GLOBE NEWSWIRE) - Uptick Newswire Stock Day Podcast features Progressive Care Inc. (OTCQB: RXMD), (The Company) a personalized healthcare services and technology company. CEO, Shital Mars, talked with Stock Day’s Everett Jolly about company growth.
At the start of the interview Jolly mentioned the letter of intent issued by Progressive Care Inc. to purchase a Florida based pharmacy with 2 operating locations. That company has an annual revenue of $18 million.
“We want to grow organically but we also want to grow through acquisition,” explains Mars. “We are very, very picky about who we choose to work with and who we choose to acquire.”
Mars went on to explain the company they intend to purchase has a lot of synergies with who Progressive Care Inc. is as a company, including a pharmacy in Orlando which is a big market for the company.
“They do same day delivery, next day delivery, they have the same kind of patient structure we do. They have the same belief systems in improving healthcare outcomes like we do,” said Mars. “We have a great opportunity to join forces, come under one umbrella, which is Progressive Care, and leverage now a new size which would potentially double what Progressive Care is.”
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