Great Update: Progressive Care Reports Second Quarter Status Update
GLOBENEWSWIRE 12:49 PM ET 7/14/2017
MIAMI, July 14, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc.(RXMD) , through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), and the supply of prescription medications to long term care facilities, administration and practice management, utilization management, quality assurance, EHR Implementation, billing and coding, health practice risk management, announces $1.7 million in net revenues for June 2017.
PharmCo filled nearly 19,000 prescriptions and realized revenues of over $1.7 million, which represents over a 3% increase over the same month last year. The company is pursuing every avenue of growth, including expanded marketing in Palm Beach County, development of proprietary digital interfaces, and the creation of healthcare compliance and adherence solutions for primary healthcare providers.
The Company is currently undertaking a restructuring of Smart Medical Alliance to adjust to the changes in the healthcare environment. This includes securing new management for the Company and the development of new programs that provide custom solutions for healthcare practitioners.
Progressive Care (RXMD) is continuing a growth and development strategy as a public company through its ongoing relationship with Boustead Securities. The company is actively engaged in communications about prospective merger and acquisition opportunities.
“We continue to push forward on all cylinders,” stated S. Parikh Mars, CEO. “We know we are on the right path as we evolve as healthcare practitioners in the pharmacy space.”
