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Posted On: 05/28/2019 7:06:05 PM
Post# of 124858
Re: wowhappens28 #21758
Progressive Care Inc. Announces Closing Date for Acquisition of Florida Pharmacies MIAMI – May 28, 2019 -- InvestorsHub NewsWire -- – Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, announced today the closing date of June 1, 2019 for the acquisition of Family Physicians RX, Inc., dba Five Star RX and Florida corporation (FPRX).
The closing will take place on June 1, 2019 and the release of funds will take place on June 3, 2019. The Company's auditors will observe closing inventory counts on June 2nd and June 3rd after which additional paperwork can be filed with regulatory agencies. Progressive Care will have multiple opportunities post-closing which include expansion to the I-4 corridor of Florida, including Tampa, Orlando and Daytona areas. The Company expects to bring on additional talent, an 80% increase in monthly revenue, and positive cash flows from FPRX operations.
The closing will take place on June 1, 2019 and the release of funds will take place on June 3, 2019. The Company's auditors will observe closing inventory counts on June 2nd and June 3rd after which additional paperwork can be filed with regulatory agencies. Progressive Care will have multiple opportunities post-closing which include expansion to the I-4 corridor of Florida, including Tampa, Orlando and Daytona areas. The Company expects to bring on additional talent, an 80% increase in monthly revenue, and positive cash flows from FPRX operations.
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