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CareRx Initiates Quarterly Dividend
Newsfile· 2025-09-15 11:30
Core Viewpoint - CareRx Corporation has announced the initiation of a quarterly dividend, reflecting its commitment to strong cash generation and disciplined capital allocation strategy [2][3]. Group 1: Dividend Announcement - The Board of Directors declared a dividend of $0.02 per Common Share, payable on October 15, 2025, to shareholders of record as of September 23, 2025 [3]. - This dividend is classified as an "eligible dividend" for Canadian income tax purposes, with specific tax implications for non-residents and U.S. residents [3]. Group 2: Company Strategy and Financial Performance - The initiation of the dividend is part of CareRx's balanced approach to return capital to shareholders while maintaining financial flexibility for growth initiatives [2]. - The company is committed to investing in both organic and inorganic growth opportunities, including capital expenditures for capacity expansion and selective acquisitions [2]. Group 3: Company Overview - CareRx is Canada's leading provider of pharmacy services to seniors living and other congregate care communities, with a national network of pharmacy fulfillment centers [4]. - The company utilizes advanced technology for medication management, ensuring safety and adherence for individuals with complex medication regimens [4].
CareRx Initiates Quarterly Dividend and Receives Regulatory Approval for Renewal of its Normal Course Issuer Bid
Newsfile· 2025-09-15 11:30
Core Viewpoint - CareRx Corporation has announced the initiation of a quarterly dividend and received regulatory approval for a normal course issuer bid to repurchase outstanding common shares, reflecting its commitment to robust cash generation and disciplined capital allocation [1][2]. Dividend Initiation - The Board of Directors declared a dividend of $0.02 per Common Share, payable on October 15, 2025, to holders of record as of September 23, 2025. This dividend is classified as an "eligible dividend" for Canadian income tax purposes [3]. Normal Course Issuer Bid (NCIB) - The TSX has approved CareRx's NCIB to repurchase up to 1,500,000 Common Shares, representing approximately 2.4% of the 62,925,219 Common Shares outstanding as of September 4, 2025. The NCIB aims to return capital to shareholders as part of the company's capital management strategy [4][5]. - The NCIB is expected to commence on September 17, 2025, and conclude on September 16, 2026, or earlier if completed or terminated by the company. The average daily trading volume for the six months ending August 31, 2025, was 39,300 Common Shares, allowing the company to purchase up to 9,825 Common Shares on any trading day [5][6]. Previous NCIB Performance - In the previous NCIB period from September 7, 2024, to September 6, 2025, CareRx purchased 672,984 Common Shares at a weighted average price of $2.49 per share [9]. Automatic Repurchase Plan - CareRx has established an automatic repurchase plan with its designated broker to facilitate share purchases under the NCIB, allowing purchases during periods when the company would not typically be active in the market [10].
Guardian Pharmacy Services (GRDN)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-09-01 14:56
Group 1 - Guardian Pharmacy Services, Inc. (GRDN) has reached a significant support level and is considered a good pick for investors from a technical perspective [1] - GRDN's 50-day simple moving average has recently broken above its 200-day moving average, indicating a "golden cross," which is a bullish signal [1] - The stock has experienced a 30% increase over the past four weeks, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting potential for further gains [3] Group 2 - A golden cross consists of three key stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and a subsequent upward price trend [2] - The positive earnings outlook for GRDN is supported by no earnings estimate cuts and two upward revisions in the past 60 days, with the Zacks Consensus Estimate also increasing [3] - Investors are encouraged to monitor GRDN for potential gains due to its key technical level and favorable earnings estimate revisions [5]
NextPlat Accelerates Healthcare Growth with New Leadership and Expanded Sales, Marketing, and Technology Investments
Prnewswire· 2025-08-26 12:02
Core Insights - NextPlat Corp is strategically expanding its healthcare operations, focusing on enhancing customer service and introducing new services for 340B and long-term care providers [1][2] - The company has appointed new senior leadership to drive this expansion, including Birute Norkute as Vice President of Healthcare Operations and Alexis Fernandez as Director of Pharmacy [5] Group 1: Company Strategy - NextPlat aims to capitalize on the expanding healthcare market by investing in talented leadership and entering higher-margin healthcare segments to enhance profitability and shareholder value [2] - The company is making investments into PharmcoRx to support growth and profitability, including hiring dedicated sales and marketing professionals for securing 340B and Long-Term Care contracts [5] Group 2: Leadership Appointments - Birute Norkute has been appointed as Vice President of Healthcare Operations, bringing over a decade of experience from Progressive Care, where she led significant growth and operational success [5] - Alexis Fernandez, with over 20 years of pharmacy experience, has been appointed as Director of Pharmacy, focusing on improving pharmacy operations and patient care [5] Group 3: Operational Enhancements - NextPlat is initiating a technology upgrade cycle aimed at improving internal process efficiencies and enhancing patient care and customer service responsiveness [5] - The company is focused on building a strong reputation in the healthcare sector, leveraging its leadership's experience to drive operational excellence and service quality [5]
Guardian Pharmacy (GRDN) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-08-25 17:01
Core Viewpoint - Guardian Pharmacy Services (GRDN) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [2][4]. - Institutional investors often rely on earnings estimates to determine a company's fair value, leading to buying or selling actions that affect stock prices [4]. Business Outlook and Investor Sentiment - The upgrade in earnings estimates for Guardian Pharmacy suggests an improvement in the company's underlying business, which could lead to increased stock prices as investors respond positively [5][10]. - The Zacks Consensus Estimate for Guardian Pharmacy has increased by 4.1% over the past three months, with expected earnings of $0.93 per share for the fiscal year ending December 2025, indicating stability year-over-year [8]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Guardian Pharmacy's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
Top Wall Street Forecasters Revamp CVS Health Expectations Ahead Of Q2 Earnings
Benzinga· 2025-07-31 07:35
Earnings Report - CVS Health is expected to report Q2 earnings of $1.46 per share, a decrease from $1.83 per share in the same period last year [1] - Projected quarterly revenue is $94.59 billion, up from $91.23 billion a year earlier [1] Recent Developments - CVS Health opened a new Workforce Innovation and Talent Center (WITC) in Columbus on July 23 [2] - CVS Health shares increased by 3.8%, closing at $62.30 on Wednesday [2] Analyst Ratings - UBS analyst Kevin Caliendo maintained a Neutral rating and reduced the price target from $71 to $67 [4] - Jefferies analyst Brian Tanquilut maintained a Buy rating and raised the price target from $74 to $80 [4] - Mizuho analyst Ann Hynes maintained an Outperform rating and increased the price target from $70 to $76 [4] - Leerink Partners analyst Michael Cherny upgraded the stock from Market Perform to Outperform and raised the price target from $55 to $75 [4]
CareRx Reports Results for the Second Quarter of 2025
Newsfile· 2025-07-30 21:34
Core Insights - CareRx Corporation reported its financial results for the second quarter of 2025, highlighting a revenue of $91.4 million, an increase from the previous quarter but a slight decrease compared to the same quarter in 2024 [2][3] - The company experienced growth in the average number of beds serviced, which is expected to drive future growth [3] - Adjusted EBITDA for the quarter was $8.0 million, reflecting operational efficiencies and cost-saving initiatives [3][5] Financial Performance - Revenue for Q2 2025 was $91.4 million, compared to $89.6 million in Q1 2025 and $92.0 million in Q2 2024 [3][5] - Adjusted EBITDA for Q2 2025 was $8.0 million, up from $7.8 million in Q1 2025 and $7.5 million in Q2 2024 [3][5] - Net income for Q2 2025 was $0.6 million, an increase from $0.2 million in Q1 2025 and a recovery from a net loss of $1.4 million in Q2 2024 [3][5] Operational Highlights - The company ended the quarter with a bed count of 91,062, indicating growth in service capacity [2][3] - The increase in revenue compared to Q1 2025 was attributed to a higher average number of beds serviced and an additional weekday in the quarter [3] - The decrease in revenue compared to Q2 2024 was mainly due to a shift in the mix of branded and generic pharmaceuticals dispensed [3] Strategic Outlook - The CEO emphasized a focus on operational discipline and targeted investments to support home operator partners and enhance care quality [3] - The Ontario Ministry of Health's decision to pause changes to long-term care pharmacy funding is expected to have a positive impact on the company's financial outlook [4]
CareRx Corporation to Host Second Quarter 2025 Financial Results Conference Call on Thursday, July 31, 2025 at 8:30 a.m. ET
Newsfile· 2025-07-21 11:00
Company Overview - CareRx Corporation is Canada's leading provider of pharmacy services to seniors living and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities, and group homes [6] - The company operates a national network of pharmacy fulfillment centers strategically located across Canada, enabling timely and cost-effective medication delivery [6] - CareRx utilizes advanced technology to automate the preparation and verification of multi-dose compliance packaging, ensuring high safety and adherence for individuals with complex medication regimens [6] Upcoming Financial Results - CareRx will host a conference call to discuss its second quarter 2025 financial results on Thursday, July 31, 2025, at 8:30 a.m. Eastern Time [2] - The financial results for the period ended June 30, 2025, are expected to be reported after market close on Wednesday, July 30, 2025 [2] Conference Call Access - Participants can join the conference call by dialing 647-849-3320 or 1-833-752-4643, and should connect approximately 15 minutes prior to the call [3] - A live webcast of the conference call, including a slide presentation, will be available on the Events and Presentations page of the company's website [4] - The webcast will be archived for 90 days on the company's website for later viewing [5]
Avricore Health’s HealthTab™ Platform Expands to North Central London in Groundbreaking NHS Pharmacy-Led Cardiovascular Project
Globenewswire· 2025-07-10 11:00
Core Insights - Avricore Health Inc. is expanding its HealthTab™ platform into pharmacies in North Central London, marking the second NHS Integrated Care Board (ICB) to adopt this initiative aimed at addressing health inequalities through cholesterol screening [1][2] - The expansion will enhance access to preventative testing for underserved populations, aligning with the UK's vision for a more agile and accessible healthcare system [2][3] - The initiative is part of a broader strategy to transform community pharmacies into hubs for chronic disease prevention and management, empowering pharmacists to play a crucial role in patient care [3][4] Company Overview - Avricore Health Inc. focuses on developing early-stage technologies to advance pharmacy practice and patient care, with HealthTab™ as its flagship offering [14] - The HealthTab™ system provides rapid, lab-accurate results for various biomarkers, facilitating the management of chronic diseases such as diabetes and heart disease [12][13] - The company aims to create the world's largest network of rapid testing devices in community pharmacies, enhancing patient access to actionable health information [14] Industry Context - The UK's NHS Pharmacy First program and recent cardiovascular disease screening initiatives reflect a commitment to a decentralized, patient-centric model of care [6] - Community-based cardiovascular disease screening has been identified as a high-return healthcare investment, with reported returns of £7.52 for every £1 spent on screening [9] - The integration of HealthTab™ with Patient Knows Best (PKB) enhances patient engagement by allowing real-time test results to be incorporated into personal NHS health records [10][11]
NextPlat (NXPL) Earnings Call Presentation
2025-07-02 11:12
Company Overview - NextPlat operates a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide[4] - The company is listed on the Nasdaq Capital Market under the tickers NXPL (Common Stock) and NXPLW (Warrants)[6] - As of March 31, 2025, NextPlat had 26 million common shares outstanding[6] - The company's market capitalization was $20.1 million as of July 1, 2025[6] Financial Performance - NextPlat reported $65.5 million in consolidated revenues for the year ended December 31, 2024, representing a 73% increase compared to the prior year[6, 52] - The company had $17.7 million in cash as of March 31, 2025[6, 55] - For the quarter ended March 31, 2025, NextPlat reported $14.525 million in net revenue[55] - Net loss attributed to common stockholders for the quarter ended March 31, 2025, was $1.343 million[55] Strategic Initiatives - NextPlat is focused on high-growth sectors, including technology, healthcare, and consumer wellness[7, 10] - The company leverages global online storefronts and offers turn-key access to high-barrier markets like China[8, 9] - NextPlat is expanding its offerings through strategic investments/acquisitions, licensing, or partnering with brands in high-growth sectors[17]