Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CareRx Corporation (T:CRRX)

Business Focus: Drug Retailers (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Drug Retailers
 
Company Contact
Address: 320 Bay St. Suite 1200
TORONTO ON M5H 4A6
Tel: N/A
Website: https://www.carerx.ca
IR: See website
Key People
Puneet Khanna
President, Chief Executive Officer, Chief Operating Officer
Andrew Mok
Chief Financial Officer
Adrianne Sullivan-Campeau
Chief People and Culture Officer
Paul Rakowski
Senior Vice President - Corporate Development, General Counsel, Corporate Secretary
Travis Featherstone
Vice President Information Technology
 
Business Overview
CareRx Corporation is a Canada-based provider of pharmacy services to seniors living communities. The Company serves over 93,000 residents in over 1,600 senior and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. It supports its home care partners by providing solutions for the supply of chronic medication. It offers a range of medication solutions. Its technology automates the preparation and verification of multi-dose compliance packaging of medication, providing the safety and adherence for individuals with complex medication regimes. Its network of pharmacy fulfillment centers delivers solutions for the supply of chronic medication and other specialty clinical pharmacy services. The Company provides services in rural and urban areas throughout Ontario, Alberta, British Columbia, and parts of Saskatchewan. It works with home operator partners to promote resident health, staff education and others.
Financial Overview
For the nine months ended 30 September 2023, CareRx Corp revenues decreased 3% to C$279.6M. Net loss decreased 94% to C$1.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Goodwill and intangible assets impairmen decrease from C$24.3M (expense) to C$0K, Change in fair value of investment decrease from C$2.7M (expense) to C$0K.
Employees: 1,444 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $195.44M as of Sep 30, 2023
Annual revenue (TTM): $373.97M as of Sep 30, 2023
EBITDA (TTM): $25.69M as of Sep 30, 2023
Net annual income (TTM): -$6.39M as of Sep 30, 2023
Free cash flow (TTM): $24.84M as of Sep 30, 2023
Net Debt Last Fiscal Year: $97.77M as of Sep 30, 2023
Shares outstanding: 59,857,708 as of Feb 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization