Workflow
Acquisition-driven growth
icon
Search documents
PharmaCorp Rx Inc. Reports First Quarter 2025 Results and Announces Non-Binding Letters of Intent to Acquire Four Pharmacies
Globenewswireยท 2025-05-29 18:02
Core Insights - PharmaCorp Rx Inc. reported a net income of $254,000 for Q1 2025, marking its first quarter of positive net income [2][3] - The company has entered into non-binding letters of intent to acquire four community pharmacies for approximately $12.5 million, aligning with its acquisition-driven growth strategy [5][6] Financial Performance - Same-store sales increased by 4.0% year-over-year compared to Q1 2024, indicating organic growth across the pharmacy network [3] - Total prescription volumes rose by 3.2% year-over-year, reflecting sustained patient engagement [4] Acquisition Strategy - The proposed acquisitions are expected to be accretive to earnings and will be funded through a combination of cash and common shares [5][6] - The completion of these acquisitions is subject to the execution of definitive agreements and customary conditions, with anticipated closings between June 30 and August 31, 2025 [7] Operational Outlook - The company remains committed to expanding its national footprint through strategic acquisitions and operational excellence [9] - Management expresses confidence that the momentum from Q1 results will continue to build in future quarters [3][9]