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CareRx Enters Deal With Rexall To Add 4,200 Beds


CareRx Enters Deal With Rexall To Add 4,200 Beds
Stephanie Bedard-Chateauneuf-
April 26, 2021, 2:14 PM EDT
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CareRx announced Monday it had signed an agreement to acquire a portion of the long-term care pharmacy business of Rexall Pharmacy Group. CareRx provides specialty pharmacy services to seniors communities. Rexall is one of the most trusted names in pharmacy.
This partial acquisition adds approximately 4,200 to the total number of residents served. CareRx (
CRRX) now anticipates that it will serve more than 90,000 residents through the largest national eldercare pharmacy platform in Canada. The offer consists of C$3.5 million in cash and should close in June or July 2021. (See CareRx stock analysis on TipRanks) ....

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BAILEY: When your turn comes, roll up your sleeve


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With April’s arrival, I am now back at Queen’s Park, dealing with a full slate of proposed legislation, committee hearings and other legislative work over the next four weeks. That includes the passing of the 2021 budget, which will provide a wide range of supportive measures as the province continues to battle COVID-19 and recover economically from the pandemic.
During a recent statement in the legislature, it was a pleasure to recognize the tireless efforts of Lambton’s chief medical officer of health, Dr. Sudit Ranade, and the entire team at Lambton Public Health for the impressive rollout of vaccines in Lambton County. ....

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