MIAMI – May 22, 2018 – Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced that the company has purchased a new TCGRx Automated Pouch Packaging System for its Miami-Dade County PharmCo location, which is to be installed in the beginning of June 2018.
Progressive Care’s wholly owned subsidiary, PharmCo, LLC located in Miami Beach, will be one of the first in South Florida to offer patients the benefit of this new packaging system that allows for patients to receive customized dosage pouches according to their daily prescription needs.
“We understand that patients continue to struggle with taking their medications on time and as prescribed and one of our core missions is to eliminate the obstacles patients experience that lead to non-adherence,” said S. Parikh Mars, CEO of Progressive Care Inc. “This machine, along with our PharmCo Medication Synchronization Program, allows us to streamline and personalize the format in which we disburse prescriptions. Physicians and patient preferences are shifting toward this type of packaging and the addition of this system will help us to solidify our 5-star performance and build brand differentiation and loyalty both in our markets and across the health care spectrum.”
Customarily used in hospital and facility settings, the Company intends to offer this convenient adherence packaging to retail patients in Miami-Dade and Broward counties. Depending on the dosage schedule, pill size, pill amount and language, this machine can provide the perfect pouch designed to make each patient’s experience more user friendly and convenient. Additionally, this new technology is easily integrated within the current pharmacy software. The TCGRx system will add to the Company’s current contingent of other pharma-robotic equipment including the ScriptPro CRS 225 and Parata PASS 208.
Similar systems have been making news headlines recently, including PillPack, which casts itself as a full-service online pharmacy that customizes the packaging in which prescriptions are delivered. In April, CNBC reported that Walmart “is looking” at buying PillPack for just under $1 billion.
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About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long term care facilities, and health practice risk management.
Cautionary Statement Regarding Forward Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target,” “intend” and “expect” and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
Public Relations Contact:
Tory Patterson, CMW Media
Public Relations Consultant
Investor Relations Contact:
Armen Karapetyan, Progressive Care
Senior Advisor Business Development