CareRx
CareRx is Canada’s leading provider of specialty pharmacy services to seniors, serving approximately 94,000 residents in over 1,500 communities. The company offers a range of services including medication management, clinical support, and operational guidance, and is publicly traded on the Toronto Stock Exchange under the ticker symbol TSX: CRRX.
Services
CareRx offers a comprehensive range of specialty pharmacy services to seniors and other community residents. The company provides medication and clinical support to long-term care facilities, retirement homes, assisted living environments, and group homes. Additionally, CareRx offers consultations to physicians, training to healthcare teams, and operational guidance to home operators. CareRx also maintains a Pharmacy at Your Door service to cater to residents in the community. Furthermore, the company’s Revicare brand provides a full range of incontinence and healthcare products at competitive prices.
Network and Operations
CareRx operates a network of strategically located pharmacy fulfillment centers across Canada. These centers use cutting-edge technology to automate the preparation and verification of multi-dose compliance packaging of medication. The company’s clinical pharmacists are available 24/7, 365 days a year, offering continuous support to healthcare teams. CareRx is committed to optimizing its operations through innovative technologies and lean principles to ensure quality, safety, and efficiency.
Growth Strategy
CareRx's growth strategy involves winning new contracts, pursuing accretive acquisitions, and expanding its geographic footprint in new markets. The company is committed to continuous operational optimization through the adoption of innovative technologies. CareRx's BOOMR (Better Coordinated Cross-Sectoral Medication Reconciliation) initiative is a key part of this strategy, aimed at enhancing quality, safety, and efficiency during residents' transitions to long-term care homes.
CareRx on the TSX
CareRx is a publicly traded company listed on the Toronto Stock Exchange under the ticker symbol TSX: CRRX. The company's financial strategy supports continued growth and innovation in delivering specialty pharmacy services to seniors and community residents across Canada.
Team and Culture
CareRx provides significant growth and learning opportunities for employees within their area of expertise and other functions. The company offers a comprehensive Group Benefits Program including Critical Illness Insurance, an Employee & Family Assistance Program, and paid time off. The focus on continuous education and professional development ensures that CareRx staff remain at the forefront of the pharmacy services industry.