RXMD OTCQB: Record Sales! New Pharmacies! Multi-St
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Posted On: 11/28/2018 6:00:25 PM
RXMD OTCQB: Record Sales! New Pharmacies! Multi-State Licences!
Share Structure
Preserved OS as compared to 2 years ago:
see---
http://www.otcmarkets.com/stock/RXMD/profile
versus historic---
https://web.archive.org/web/20151229173335/ht...MD/profile
Float 350,121,394 11/19/2018
Authorized Shares 500,000,000 11/19/2018
Outstanding Shares 431,221,376 11/19/2018
Restricted 81,099,982 11/19/2018
Market cap
Market cap of a company in this sector (Drugs/Pharmaceutical; http://pages.stern.nyu.edu/~adamodar/New_Home...sdata.html ) easily reaches 4x the P/S ratio (up to 10x*)...so for an estimated 50M revs in 2019 the RXMD fair market value (and ~450M OS), not even taking its constant expansion into account, should be at a pps of 45 cents in a conservative evaluation (up to $1.10* pps).
14 state licenses. Expansion to 50 states
will follow within few years meaning revenue and profit multiplication!
Now Licences pending in 3 new states: Utah, Arizona, and Rhode Island https://ih.advfn.com/p.php?pid=nmona&article=76101390
Updates/News
https://www.otcmarkets.com/stock/RXMD/news
Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual RevenuePress Release | 11/28/2018
MIAMI, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced that it has entered into a letter of intent to purchase a Florida based pharmacy with 2 operating locations.
On November 27, 2018, Progressive Care executed a letter of intent to purchase a Florida based pharmacy with locations in Davie and Orlando, Florida. The target pharmacy had just under $16 million in revenue in 2017 and is projected to have approximately $18 million for 2018. The agreement calls for a stratified payment structure for the total purchase price of $3,000,000. $2.3 million in cash spread over 2 years and $700,000 in stock valued at market price at closing or $0.07, whichever is lower. The signing is expected to take place no later than January 15, 2019 after the completion of a 45-day due diligence period.
“We have devoted our efforts to grow the company and expand its geographical coverage,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. “This LOI is a significant step towards our development and presence in the industry. We are excited to add another pharmacy with its exceptional team to our family and platform.”
The vast majority of the target pharmacy’s patient base is in Orlando, and they provide similar services to PharmCo such as home delivery, MTM, medication synchronization, full range inventory, etc. The target pharmacy is owned and managed by an experienced team of pharmacists and operational staff that provide expertise in healthcare management and logistics.
Upon signing of definitive agreements, the Company will initiate the Change of Ownership process with relevant regulatory agencies and pharmacy benefit managers. Upon completion of this process, the target pharmacy will be the wholly owned subsidiary of Progressive Care.
Progressive Care Inc. Announces Record-Breaking October 2018Press Release | 11/19/2018
Progressive Care to Host Conference Call on Third Quarter 2018 Financial Results and Business Update on November 14thPress Release | 11/09/2018
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Proprietary Tele-Pharmacy PlatformPress Release | 11/06/2018
Progressive Care Inc. CEO to Speak at 5th Annual Florida Telehealth Summit in St. Pete Beach, FloridaPress Release | 11/01/2018
Progressive Care Enters into Definitive Agreements to Purchase Property for Third Pharmacy Location in South FloridaPress Release | 10/30/2018
Progressive Care Inc. Announces Beta Launch of New Proprietary Tele-PharmCo Software Platform for Real-Time Patient-to-Pharmacist Video InteractionsPress Release | 10/18/2018
Progressive Care Inc. Announces 40% Year-Over-Year Increase in Prescriptions Filled and Continued Strong Revenues in September 2018Press Release | 10/16/2018
Progressive Care Inc. Announces Record Number of Prescriptions Filled and Strong Revenues During August 2018Press Release | 09/18/2018
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Efforts to Battle Opioid EpidemicPress Release | 09/12/2018
Progressive Care Announces Newly Redesigned Website for Wholly-Owned Subsidiary PharmCo, LLCPress Release | 09/10/2018
Progressive Care Inc. CEO to Speak at First US FlyPharma Conference in Miami, Fla.Press Release | 09/05/2018
S. Parikh Mars, CEO of Progressive Care Inc., is Featured in a New Audio Interview with SmallCapVoice.comPress Release | 08/29/2018
Progressive Care Inc. Earns International Media Coverage in Top Industry Outlets on Its Healthcare Technology ExpertisePress Release | 08/28/2018
Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc.Press Release | 08/22/2018
Progressive Care Inc. Reports 47% Increase in Prescriptions Filled During July 2018Press Release | 08/21/2018
Progressive Care Inc. Reports Largest Six-Month Revenue Period in Company History in Q2 2018 Financial FilingPress Release | 08/14/2018
Progressive Care Announces Pay-Off of Note to Chicago Venture PartnersPress Release | 08/09/2018
CORRECTING and REPLACING -- Progressive Care to Host Conference Call on Second Quarter 2018 Financial Results and Business Update on Aug. 14Press Release | 08/07/2018
Progressive Care to Host Conference Call on Second Quarter 2018 Financial Results and Business Update on Aug. 14Press Release | 08/07/2018
Progressive Care Earns Coveted LegitScript Certification Verifying PharmCo Pharmacy is a Safe and Credible Online Health ResourcePress Release | 08/01/2018
Progressive Care Subsidiary PharmCo Partners with Westchester General Hospital to Implement New DischargeRx ProgramPress Release | 07/26/2018
Progressive Care Signs Two New 340B Contracts to Bring Discounted Prescription Programs to Non-Profit Healthcare InstitutionsPress Release | 07/19/2018
Progressive Care Inc. Announces Month-End Sales Figures Showing Increase in Year-Over-Year Prescriptions Filled in June 2018Press Release | 07/17/2018
Progressive Care Launches New Discharge(RX) Program to Improve Engagement Between Patients and HospitalsPress Release | 07/10/2018
S. Parikh Mars, CEO of Progressive Care Inc., Discusses Recent Company and Industry News in a New Audio Interview with SmallCapVoice.comPress Release | 07/03/2018
Progressive Care Completes Acquisition of Touchpoint Pharmacy Expanding Company Footprint and Market OpportunityPress Release | 07/02/2018
Progressive Care Inc. Signs New Investment Banking Agreement with The Benchmark Company, LLCPress Release | 06/27/2018
S. Parikh Mars, CEO of Progressive Care Inc., Provides Updates and Insights into Recent Events in a New Audio Interview with SmallCapVoice.comPress Release | 06/21/2018
Progressive Care Inc. Continues to See Strong Prescription Numbers and Overall Revenue in May 2018Press Release | 06/14/2018
Progressive Care Launches Opioid Alternative Treatment Campaign Aimed at Reaching Millions Affected by the Nationwide EpidemicPress Release | 06/12/2018
Progressive Care Installs New TCGRx Pouch Packaging System in MiamiPress Release | 06/05/2018
Progressive Care Completes Acquisition of Touchpoint Pharmacy Expanding Company Footprint and Market Opportunity
MIAMI, July 02, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a personalized healthcare services and technology company, today announced that it has completed the acquisition of a Touchpoint pharmacy in Palm Beach County. This second location will facilitate the company’s growth by expanding the delivery radius of Progressive Care’s pharmacy operations to now include Miami-Dade, Broward, Palm Beach and Martin County. It will also decrease costs of expansion of products and services and increase prescription dispensing efficiency.
The new 3,000-square-foot pharmacy facility is located close to major highways and has adequate space to provide the opportunity to develop new processes for long-term care services, compounded medications, medication therapy management, and tele-pharmacy services. The location also allows for the accelerated ramp-up of sales in the county through the addition of 340B services to non-profit healthcare facilities, additional capacity to service long-term care institutions, and referrals from area physicians and clinics in need of patient support and medication management.
“This second location is a major milestone in the growth of Progressive Care and will allow us to effectively bring the PharmCo pharmacy model to a new market,” said S. Parikh Mars, CEO of Progressive Care. “Through this acquisition, we will be the first to bring the full suite of adherence programs, packaging options, and range of inventory to Palm Beach County to be delivered on a local basis.”
Progressive Care has continued to make advances in becoming a leader in personalized healthcare and tele-pharmacy services. Earlier this month, the company added to its growing fleet of robotic pharmacy equipment with the completion of installation of a TCGRx Automated Pouch Packaging System at its Miami-Dade County PharmCo location. Prior to that announcement, the company also began developing its own proprietary tele-pharmacy software to digitally communicate with patients, physicians, pharmacists, and caretakers across the world and expand the company’s kiosk program.
Progressive Care Begins Development of Proprietary Tele-pharmacy Software for Exclusive UsePress Release | 05/24/2018
Progressive Care Purchases TCGRx Pouch Packaging System to Add to Expanding Robot Pharmacy Machinery FleetPress Release | 05/22/2018
Progressive Care Reports 30% Increase in Year-over-Year Prescriptions Filled During April 2018Press Release | 05/17/2018
Progressive Care Inc. Reports Largest Single Revenue Quarter in Company HistoryPress Release | 05/15/2018
Progressive Care Inc. Selects CMW Media as New Public Relations Agency of RecordPress Release | 05/11/2018
Progressive Care: PharmCo Rolls Out Online Prescription ApplicationPress Release | 04/24/2018
Progressive Care Reports 20% Increase in Year over Year Prescriptions Filled During March 2018Press Release | 04/13/2018
Progressive Care Reports 20% Increase in Year over Year Prescriptions Filled During March 2018Press Release | 04/13/2018
S. Parikh Mars, CEO of Progressive Care Returns to Uptick Newswire’s "Stock Day" Podcast with Everett JollyPress Release | 04/10/2018
Progressive Care: S. Mars, CEO Releases Open Letter to ShareholdersPress Release | 04/05/2018
Progressive Care Releases Investor PresentationPress Release | 04/03/2018
Entry into a Material Definitive Agreemnent: Touchpoint Rx, LLCEntry into a Material Definitive Agreement | 04/02/2018
Progressive Care Enters Into Definitive Agreements to Purchase the Pharmacy in Palm Beach CountyPress Release | 04/02/2018
Progressive Care Releases Audited 2017 Annual ReportPress Release | 03/22/2018
Progressive Care to Present at The Wall Street Investor Forum 26th Annual Investor ConferencePress Release | 03/16/2018
Progressive Care Reports 18% Increase in Year over Year Prescriptions Filled During February 2018Press Release | 03/16/2018
Progressive Care Executes Letter of Intent to Purchase a Pharmacy in Palm Beach CountyPress Release | 03/12/2018
SeeThruEquity Upgrades RXMD Price Target to $0.35 per Share
MIAMI, March 09, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces upgraded price target to $0.35 per share from SeeThruEquity.
SeeThruEquity, a premier small and microcap research firm, released an updated analyst report today upgrading Progressive Care’s price target to $0.35 per share. The upgrade is based on recent news of the Company’s intent to acquire a pharmacy in Palm Beach County as well as increased sales, new product and technology development projects, and the acceptance Bitcoin. SeeThruEquity’s report issues analysis on the Company’s current business and releases new sales targets which provide the basis for the upgraded price target for RXMD.
https://finance.yahoo.com/news/seethruequity-...00911.html
“We are excited to see that SeeThruEquity has initiated updated coverage of the Company,” stated S. Parikh Mars, CEO. "We believe that we are executing on our objectives as we take the Progressive Care to the next level. We are humbled by the response to our story and remain focused on delivering results to our patients and shareholders alike.”
S. Parikh Mars, CEO of Progressive Care Inc., Discusses Recent RXMD News and Corporate Moves in a New Audio Interview with SmallCapVoice.com
AUSTIN, Texas, March 01, 2018 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. (SCV) and Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, today announced that a new audio interview with the Company is now available. The interview can be heard at https://smallcapvoice.com/blog/2-28-18-smallc...e-inc-rxmd.
S. Parikh Mars, CEO of Progressive Care Inc. called in to SmallCapVoice.com, Inc. to discuss the recent news and achievements for the Company. So far in 2018, Progressive Care announced that 23,000 prescriptions were filled during the month of January, generating $1.8 million in net revenues. That is record for the Company and up 34% from the same month in 2017. RXMD is also proud of the work they are accomplishing with Mass Ventures Corp, a Florida company, who has significantly enhanced the digital presence and technology solutions for the company and all subsidiaries. Other important achievements include the expansion into Palm Beach County and the news that its retail pharmacy will officially begin accepting Bitcoin payments.
In the interview, Ms. Mars was asked what she was excited about in 2018 for her Company and she stated, “I think the coolest thing that I am most excited about is our Telepharmacy platform. While it might be hard for someone who has not seen the software or hasn’t interacted with a kiosk yet to imagine how it works, essentially it allows the patient to go to the doctor, come out with a prescription, visit a convenient kiosk, interact directly with a pharmacy technician on the screen, and speak right to a pharmacist remotely and in real time. There is a face to face interaction with a pharmacist to handle any question or concern the patient has without ever having to visit the pharmacy and wait in line. The medication is then delivered directly to patient’s home. All of this is safe, secured through the software, and HIPAA compliant.”
Progressive Care to Accept Bitcoin for its Pharmacy Unit
MIAMI, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces that its retail pharmacy will officially begin accepting Bitcoin payments. Customers that choose to pay using Bitcoin will undergo a similar payment process as customers using credit cards or online payment processing platforms such as Paypal.
PharmCo, LLC will use external payment providers, such as BitPay, to process all Bitcoin payments. BitPay compliance analysts approved the pharmacy for Tier 2 volume processing limit on February 14, 2018. Tier 2 provides daily cash settlements in USD and has a $500,000 annual limit. This will allow the pharmacy to reach more customers who are increasingly using cryptocurrencies for daily purchases. Mass Ventures Corp will develop and integrate Bitcoin processing into the Company’s e-commerce platform for seamless ease of use.
“We are committed to evolving the pharmacy both operationally and technologically,” stated S. Parikh Mars, CEO. "PharmCo will be one of the few pharmacies in the country enabling systems for cryptocurrency acceptance. The main purpose of accepting Bitcoin payments is to provide value to the end customer by aligning ourselves with the current lifestyles of a large and rapidly growing demographic using this cryptocurrency within the community.”
Progressive Care (RXMD) through its 100% owned subsidiaries PharmCo and Smart Medical Alliance is quickly becoming one of South Florida's leading health services organisations
New appointments to the Board of Directors among those Oleg Firer. Oleg Firer is regarded as one of Florida most successful businessman and a Wall Street heavy hitter . He takes companies like Progressive Care (RXMD) to the next level. Check out these awesome recognitions he has received!
http://investorshub.advfn.com/boards/read_msg...=135023809
Progressive Care (RXMD) has been awarded a 5-Star Rating based on the ratings provided by various insurance carriers. Rated among the top 10% of all Pharmaceutic Benefit Networks in the NATION Progressive Care (RXMD) is right there with the big players and a major buyout target.
Share Structure
Preserved OS as compared to 2 years ago:
see---
http://www.otcmarkets.com/stock/RXMD/profile
versus historic---
https://web.archive.org/web/20151229173335/ht...MD/profile
Float 350,121,394 11/19/2018
Authorized Shares 500,000,000 11/19/2018
Outstanding Shares 431,221,376 11/19/2018
Restricted 81,099,982 11/19/2018
Market cap
Market cap of a company in this sector (Drugs/Pharmaceutical; http://pages.stern.nyu.edu/~adamodar/New_Home...sdata.html ) easily reaches 4x the P/S ratio (up to 10x*)...so for an estimated 50M revs in 2019 the RXMD fair market value (and ~450M OS), not even taking its constant expansion into account, should be at a pps of 45 cents in a conservative evaluation (up to $1.10* pps).
14 state licenses. Expansion to 50 states
will follow within few years meaning revenue and profit multiplication!
Now Licences pending in 3 new states: Utah, Arizona, and Rhode Island https://ih.advfn.com/p.php?pid=nmona&article=76101390
Updates/News
https://www.otcmarkets.com/stock/RXMD/news
Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual RevenuePress Release | 11/28/2018
MIAMI, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced that it has entered into a letter of intent to purchase a Florida based pharmacy with 2 operating locations.
On November 27, 2018, Progressive Care executed a letter of intent to purchase a Florida based pharmacy with locations in Davie and Orlando, Florida. The target pharmacy had just under $16 million in revenue in 2017 and is projected to have approximately $18 million for 2018. The agreement calls for a stratified payment structure for the total purchase price of $3,000,000. $2.3 million in cash spread over 2 years and $700,000 in stock valued at market price at closing or $0.07, whichever is lower. The signing is expected to take place no later than January 15, 2019 after the completion of a 45-day due diligence period.
“We have devoted our efforts to grow the company and expand its geographical coverage,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. “This LOI is a significant step towards our development and presence in the industry. We are excited to add another pharmacy with its exceptional team to our family and platform.”
The vast majority of the target pharmacy’s patient base is in Orlando, and they provide similar services to PharmCo such as home delivery, MTM, medication synchronization, full range inventory, etc. The target pharmacy is owned and managed by an experienced team of pharmacists and operational staff that provide expertise in healthcare management and logistics.
Upon signing of definitive agreements, the Company will initiate the Change of Ownership process with relevant regulatory agencies and pharmacy benefit managers. Upon completion of this process, the target pharmacy will be the wholly owned subsidiary of Progressive Care.
Progressive Care Inc. Announces Record-Breaking October 2018Press Release | 11/19/2018
Progressive Care to Host Conference Call on Third Quarter 2018 Financial Results and Business Update on November 14thPress Release | 11/09/2018
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Proprietary Tele-Pharmacy PlatformPress Release | 11/06/2018
Progressive Care Inc. CEO to Speak at 5th Annual Florida Telehealth Summit in St. Pete Beach, FloridaPress Release | 11/01/2018
Progressive Care Enters into Definitive Agreements to Purchase Property for Third Pharmacy Location in South FloridaPress Release | 10/30/2018
Progressive Care Inc. Announces Beta Launch of New Proprietary Tele-PharmCo Software Platform for Real-Time Patient-to-Pharmacist Video InteractionsPress Release | 10/18/2018
Progressive Care Inc. Announces 40% Year-Over-Year Increase in Prescriptions Filled and Continued Strong Revenues in September 2018Press Release | 10/16/2018
Progressive Care Inc. Announces Record Number of Prescriptions Filled and Strong Revenues During August 2018Press Release | 09/18/2018
Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Efforts to Battle Opioid EpidemicPress Release | 09/12/2018
Progressive Care Announces Newly Redesigned Website for Wholly-Owned Subsidiary PharmCo, LLCPress Release | 09/10/2018
Progressive Care Inc. CEO to Speak at First US FlyPharma Conference in Miami, Fla.Press Release | 09/05/2018
S. Parikh Mars, CEO of Progressive Care Inc., is Featured in a New Audio Interview with SmallCapVoice.comPress Release | 08/29/2018
Progressive Care Inc. Earns International Media Coverage in Top Industry Outlets on Its Healthcare Technology ExpertisePress Release | 08/28/2018
Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc.Press Release | 08/22/2018
Progressive Care Inc. Reports 47% Increase in Prescriptions Filled During July 2018Press Release | 08/21/2018
Progressive Care Inc. Reports Largest Six-Month Revenue Period in Company History in Q2 2018 Financial FilingPress Release | 08/14/2018
Progressive Care Announces Pay-Off of Note to Chicago Venture PartnersPress Release | 08/09/2018
CORRECTING and REPLACING -- Progressive Care to Host Conference Call on Second Quarter 2018 Financial Results and Business Update on Aug. 14Press Release | 08/07/2018
Progressive Care to Host Conference Call on Second Quarter 2018 Financial Results and Business Update on Aug. 14Press Release | 08/07/2018
Progressive Care Earns Coveted LegitScript Certification Verifying PharmCo Pharmacy is a Safe and Credible Online Health ResourcePress Release | 08/01/2018
Progressive Care Subsidiary PharmCo Partners with Westchester General Hospital to Implement New DischargeRx ProgramPress Release | 07/26/2018
Progressive Care Signs Two New 340B Contracts to Bring Discounted Prescription Programs to Non-Profit Healthcare InstitutionsPress Release | 07/19/2018
Progressive Care Inc. Announces Month-End Sales Figures Showing Increase in Year-Over-Year Prescriptions Filled in June 2018Press Release | 07/17/2018
Progressive Care Launches New Discharge(RX) Program to Improve Engagement Between Patients and HospitalsPress Release | 07/10/2018
S. Parikh Mars, CEO of Progressive Care Inc., Discusses Recent Company and Industry News in a New Audio Interview with SmallCapVoice.comPress Release | 07/03/2018
Progressive Care Completes Acquisition of Touchpoint Pharmacy Expanding Company Footprint and Market OpportunityPress Release | 07/02/2018
Progressive Care Inc. Signs New Investment Banking Agreement with The Benchmark Company, LLCPress Release | 06/27/2018
S. Parikh Mars, CEO of Progressive Care Inc., Provides Updates and Insights into Recent Events in a New Audio Interview with SmallCapVoice.comPress Release | 06/21/2018
Progressive Care Inc. Continues to See Strong Prescription Numbers and Overall Revenue in May 2018Press Release | 06/14/2018
Progressive Care Launches Opioid Alternative Treatment Campaign Aimed at Reaching Millions Affected by the Nationwide EpidemicPress Release | 06/12/2018
Progressive Care Installs New TCGRx Pouch Packaging System in MiamiPress Release | 06/05/2018
Progressive Care Completes Acquisition of Touchpoint Pharmacy Expanding Company Footprint and Market Opportunity
MIAMI, July 02, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a personalized healthcare services and technology company, today announced that it has completed the acquisition of a Touchpoint pharmacy in Palm Beach County. This second location will facilitate the company’s growth by expanding the delivery radius of Progressive Care’s pharmacy operations to now include Miami-Dade, Broward, Palm Beach and Martin County. It will also decrease costs of expansion of products and services and increase prescription dispensing efficiency.
The new 3,000-square-foot pharmacy facility is located close to major highways and has adequate space to provide the opportunity to develop new processes for long-term care services, compounded medications, medication therapy management, and tele-pharmacy services. The location also allows for the accelerated ramp-up of sales in the county through the addition of 340B services to non-profit healthcare facilities, additional capacity to service long-term care institutions, and referrals from area physicians and clinics in need of patient support and medication management.
“This second location is a major milestone in the growth of Progressive Care and will allow us to effectively bring the PharmCo pharmacy model to a new market,” said S. Parikh Mars, CEO of Progressive Care. “Through this acquisition, we will be the first to bring the full suite of adherence programs, packaging options, and range of inventory to Palm Beach County to be delivered on a local basis.”
Progressive Care has continued to make advances in becoming a leader in personalized healthcare and tele-pharmacy services. Earlier this month, the company added to its growing fleet of robotic pharmacy equipment with the completion of installation of a TCGRx Automated Pouch Packaging System at its Miami-Dade County PharmCo location. Prior to that announcement, the company also began developing its own proprietary tele-pharmacy software to digitally communicate with patients, physicians, pharmacists, and caretakers across the world and expand the company’s kiosk program.
Progressive Care Begins Development of Proprietary Tele-pharmacy Software for Exclusive UsePress Release | 05/24/2018
Progressive Care Purchases TCGRx Pouch Packaging System to Add to Expanding Robot Pharmacy Machinery FleetPress Release | 05/22/2018
Progressive Care Reports 30% Increase in Year-over-Year Prescriptions Filled During April 2018Press Release | 05/17/2018
Progressive Care Inc. Reports Largest Single Revenue Quarter in Company HistoryPress Release | 05/15/2018
Progressive Care Inc. Selects CMW Media as New Public Relations Agency of RecordPress Release | 05/11/2018
Progressive Care: PharmCo Rolls Out Online Prescription ApplicationPress Release | 04/24/2018
Progressive Care Reports 20% Increase in Year over Year Prescriptions Filled During March 2018Press Release | 04/13/2018
Progressive Care Reports 20% Increase in Year over Year Prescriptions Filled During March 2018Press Release | 04/13/2018
S. Parikh Mars, CEO of Progressive Care Returns to Uptick Newswire’s "Stock Day" Podcast with Everett JollyPress Release | 04/10/2018
Progressive Care: S. Mars, CEO Releases Open Letter to ShareholdersPress Release | 04/05/2018
Progressive Care Releases Investor PresentationPress Release | 04/03/2018
Entry into a Material Definitive Agreemnent: Touchpoint Rx, LLCEntry into a Material Definitive Agreement | 04/02/2018
Progressive Care Enters Into Definitive Agreements to Purchase the Pharmacy in Palm Beach CountyPress Release | 04/02/2018
Progressive Care Releases Audited 2017 Annual ReportPress Release | 03/22/2018
Progressive Care to Present at The Wall Street Investor Forum 26th Annual Investor ConferencePress Release | 03/16/2018
Progressive Care Reports 18% Increase in Year over Year Prescriptions Filled During February 2018Press Release | 03/16/2018
Progressive Care Executes Letter of Intent to Purchase a Pharmacy in Palm Beach CountyPress Release | 03/12/2018
SeeThruEquity Upgrades RXMD Price Target to $0.35 per Share
MIAMI, March 09, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces upgraded price target to $0.35 per share from SeeThruEquity.
SeeThruEquity, a premier small and microcap research firm, released an updated analyst report today upgrading Progressive Care’s price target to $0.35 per share. The upgrade is based on recent news of the Company’s intent to acquire a pharmacy in Palm Beach County as well as increased sales, new product and technology development projects, and the acceptance Bitcoin. SeeThruEquity’s report issues analysis on the Company’s current business and releases new sales targets which provide the basis for the upgraded price target for RXMD.
https://finance.yahoo.com/news/seethruequity-...00911.html
“We are excited to see that SeeThruEquity has initiated updated coverage of the Company,” stated S. Parikh Mars, CEO. "We believe that we are executing on our objectives as we take the Progressive Care to the next level. We are humbled by the response to our story and remain focused on delivering results to our patients and shareholders alike.”
S. Parikh Mars, CEO of Progressive Care Inc., Discusses Recent RXMD News and Corporate Moves in a New Audio Interview with SmallCapVoice.com
AUSTIN, Texas, March 01, 2018 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. (SCV) and Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, today announced that a new audio interview with the Company is now available. The interview can be heard at https://smallcapvoice.com/blog/2-28-18-smallc...e-inc-rxmd.
S. Parikh Mars, CEO of Progressive Care Inc. called in to SmallCapVoice.com, Inc. to discuss the recent news and achievements for the Company. So far in 2018, Progressive Care announced that 23,000 prescriptions were filled during the month of January, generating $1.8 million in net revenues. That is record for the Company and up 34% from the same month in 2017. RXMD is also proud of the work they are accomplishing with Mass Ventures Corp, a Florida company, who has significantly enhanced the digital presence and technology solutions for the company and all subsidiaries. Other important achievements include the expansion into Palm Beach County and the news that its retail pharmacy will officially begin accepting Bitcoin payments.
In the interview, Ms. Mars was asked what she was excited about in 2018 for her Company and she stated, “I think the coolest thing that I am most excited about is our Telepharmacy platform. While it might be hard for someone who has not seen the software or hasn’t interacted with a kiosk yet to imagine how it works, essentially it allows the patient to go to the doctor, come out with a prescription, visit a convenient kiosk, interact directly with a pharmacy technician on the screen, and speak right to a pharmacist remotely and in real time. There is a face to face interaction with a pharmacist to handle any question or concern the patient has without ever having to visit the pharmacy and wait in line. The medication is then delivered directly to patient’s home. All of this is safe, secured through the software, and HIPAA compliant.”
Progressive Care to Accept Bitcoin for its Pharmacy Unit
MIAMI, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces that its retail pharmacy will officially begin accepting Bitcoin payments. Customers that choose to pay using Bitcoin will undergo a similar payment process as customers using credit cards or online payment processing platforms such as Paypal.
PharmCo, LLC will use external payment providers, such as BitPay, to process all Bitcoin payments. BitPay compliance analysts approved the pharmacy for Tier 2 volume processing limit on February 14, 2018. Tier 2 provides daily cash settlements in USD and has a $500,000 annual limit. This will allow the pharmacy to reach more customers who are increasingly using cryptocurrencies for daily purchases. Mass Ventures Corp will develop and integrate Bitcoin processing into the Company’s e-commerce platform for seamless ease of use.
“We are committed to evolving the pharmacy both operationally and technologically,” stated S. Parikh Mars, CEO. "PharmCo will be one of the few pharmacies in the country enabling systems for cryptocurrency acceptance. The main purpose of accepting Bitcoin payments is to provide value to the end customer by aligning ourselves with the current lifestyles of a large and rapidly growing demographic using this cryptocurrency within the community.”
Progressive Care (RXMD) through its 100% owned subsidiaries PharmCo and Smart Medical Alliance is quickly becoming one of South Florida's leading health services organisations
New appointments to the Board of Directors among those Oleg Firer. Oleg Firer is regarded as one of Florida most successful businessman and a Wall Street heavy hitter . He takes companies like Progressive Care (RXMD) to the next level. Check out these awesome recognitions he has received!
http://investorshub.advfn.com/boards/read_msg...=135023809
Progressive Care (RXMD) has been awarded a 5-Star Rating based on the ratings provided by various insurance carriers. Rated among the top 10% of all Pharmaceutic Benefit Networks in the NATION Progressive Care (RXMD) is right there with the big players and a major buyout target.
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