Progressive Care Inc (RXMD)

[stockforce]

New pharmacy location's Parata PASS 500 dose packaging system has a capacity of 500 canisters at one time, which is worth about $280,000. PharmCo's current ScriptPro CRS 225 packaging system holds up to 225 individual medications and fills over 1000 prescriptions per day and costs about $200,000. These are great assets for Progressive.

Parata PASS 500



http://parata.com/wp-content/uploads/2014/08/pass500specsheet_1017-digital.pdf

ScriptPro CRS 225



https://www.scriptpro.com/Products/Robotic-Dispensing-Systems/SP-and-CRS-Robotic-Dispensing-Systems/

Make medication management Easy

With Parata PASS system, Progressive makes it it easy for patients to take the right medication at the right time, every time. Parata PASS packagers automate the preparation of unit- and multi-dose strip packaging, replacing bulky blister packs and cumbersome medication planners. Medications and over-the-counter oral solids are organized by day and time of dose in clearly labeled plastic pouches.

Impact Patient Adherence and Outcomes

Nearly half of the 117 million U.S. adults with at least one chronic condition do not take their medications as prescribed. PASS packaging gives your retail patients and family caregivers a simple way to manage even complex medication regimens with confidence. Pharmacies around the country are using Parata PASS strip packaging as part of comprehensive medication adherence programs, helping patients lead healthier lives and reducing health care costs.

Revolutionize Medication Pass

In long-term care and assisted living settings, PASS packaging makes medication administration faster and safer. It helps prevent potential medication errors caused by interruptions and distractions during med pass. And as an additional safeguard, barcodes can be printed on pouches for bedside scanning.

Progressive CEO commented on their purchase of ScriptPro CRS 225 back in Jan 2016: "We are taking a giant leap forward in modernizing our operation by purchasing ScriptPro's robotic system. This technology will essentially eliminate human errors in the prescription filling process, and drastically increase workflow efficiency. The expansion as well as the installation of the CRS 225 will greatly increase the production capacity of the pharmacy, which will quickly produce financial benefits for the Company," stated S. Parikh Mars, CEO.

Since they installed ScriptPro in the new build-out on the site of PharmCo in Jan 2017, their monthly presciption fills have gone from averagely 17,000 to over 20,000, which resulted in their year over year revenue growth.

2016 net revenue: $18.32M
2017 net revenue: $20.1M

Now they have obtained an even more powerful Parata PASS 500 dose packaging system through this new pharmacy acquisition, they will easily deliver twice as much prescriptions as what they are doing right now!!! THAT'S HUGE REVENUE GROWTH!!!

Not only will they just acquire this new location, they will use the funds to add additional build out onsite and sales ramp up of the new Palm Beach location.

https://www.otcmarkets.com/stock/RXMD/news/Progressive-Care-Executes-Letter-of-Intent-to-Purchase-a-Pharmacy-in-Palm-Beach-County?id=184975

I can't repeat this enough, all these are just the beginning of "an aggressive expansion agenda that allows the Company to reach thousands of new doctors and patients who will benefit greatly from the PharmCo pharmacy model."

Investing in stock is all about growth. RXMD is the golden egg that is being hatched for many many times growth right now and for many many years to come. 2018 will be astronomically HUGE for us all. Don't miss the plane, cause we are about to take off to another height this week.