Progressive Care: PharmCo Installs ScriptPro Robotic System
MIAMI, FL -- October 25, 2016 -- InvestorsHub NewsWire
-- Progressive Care Inc. (OTC PINK: RXMD), through its
subsidiary Pharmco LLC, a South Florida health services
organization and provider of prescription pharmaceuticals
specializing in health practice risk management, compounded
medications, the sale of anti-retroviral medications and related
medication therapy management, and the supply of prescription
medications to long term care facilities, announces the
installation of ScriptPros CRS 225 robotic prescription dispensing
system.
On Thursday, October 20, 2016, the ScriptPro CRS 225 was
installed in the new facility extension of PharmCo. The CRS 225
holds up to 225 individual medications and fills over 1000
prescriptions per day. The automated dispensing system will greatly
increase production capacity, streamline workflow, and add an extra
layer of quality control to PharmCos already rigorous accuracy
management protocol. Testing and training on the new systems will
be completed in the first week of November.
"This is a long anticipated moment for us and we are so excited
to see the modernization of our facility coming to fruition,"
stated S. Parikh Mars, CEO. Currently, PharmCo is filling just
under 1000 prescriptions per day without the assistance of the
automation system. The ScriptPro CRS 225 will double filling
capacity without an increase in labor costs. We also expect to see
capacity and productivity gains from improved accuracy and the new
workflow process. This is a remarkable step forward for the company
which will yield financial benefits in the coming quarters.
About Progressive Care
Progressive Care, Inc. (OTC PINK: RXMD), through its subsidiary
PharmCo, LLC, is a South Florida health services organization and
provider of prescription pharmaceuticals specializing in health
practice risk management, compounded medications, the sale of
anti-retroviral medications and related medication therapy
management, and the supply of prescription medications to long term
care facilities.
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 Companys
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.
Contact
Armen Karapetyan
Senior Advisor Business Development
armen@progressivecareus.com