Subject: RXMD Announces Huge Acquisition LOI. Newly Acquired Pharmacies will Almost Double Annual Revenue

SCV Client Spotlight
BY READING THIS EMAIL YOU CERTIFY YOU HAVE READ THE DISCLAIMER BELOW AND THE FULL DISCLAIMER PROVIDED THROUGH A LINK AT THE END OF THIS EMAIL. This is a paid advertisement., Inc. is not responsible or held liable for the information in the press releases issued by the companies in these emails. Please always do your own due diligence.
Facebook Twitter YouTube
RXMD Announces Huge Acquisition LOI. Newly Acquired Pharmacies will Almost Double Annual Revenue
Hot Stock to WatchHot Stock to Watch

Company: Progressive Care Inc. (OTCQB: RXMD)


Price: 0.06

Change (%): + 0.0063 (11.71)

Volume: 710,830
RXMD Chart

Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual Revenue

MIAMI, Nov. 28, 2018 (GLOBE NEWSWIRE) - Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced that it has entered into a letter of intent to purchase a Florida based pharmacy with 2 operating locations.

On November 27, 2018, Progressive Care executed a letter of intent to purchase a Florida based pharmacy with locations in Davie and Orlando, Florida. The target pharmacy had just under $16 million in revenue in 2017 and is projected to have approximately $18 million for 2018. The agreement calls for a stratified payment structure for the total purchase price of $3,000,000. $2.3 million in cash spread over 2 years and $700,000 in stock valued at market price at closing or $0.07, whichever is lower. The signing is expected to take place no later than January 15, 2019 after the completion of a 45-day due diligence period.

“We have devoted our efforts to grow the company and expand its geographical coverage,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. “This LOI is a significant step towards our development and presence in the industry. We are excited to add another pharmacy with its exceptional team to our family and platform.”

The vast majority of the target pharmacy’s patient base is in Orlando, and they provide similar services to PharmCo such as home delivery, MTM, medication synchronization, full range inventory, etc. The target pharmacy is owned and managed by an experienced team of pharmacists and operational staff that provide expertise in healthcare management and logistics.

Continue Reading

SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, publicly available material information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that this information, which originates from third parties, is accurate. We do not have the resources to confirm the accuracy of all information obtained from third parties. It is important for you to verify all information by your own independent research. You are receiving this message because you have agreed to receive emails from You may opt out of our distribution list at any time by clicking on the “unsubscribe” link below. Link to full disclosure about compensation paid to, Inc. by companies featured on our website or in our e-mail communications.

About Penny Stocks