Progressive Care Inc (fka RXMD)

[TheSerb]

Progressive Care Inc. Announces Steady Sales Growth in May
BY GlobeNewswire
— 8:00 AM ET 06/25/2019
MIAMI, June 25, 2019 (GLOBE NEWSWIRE) -- Progressive Care Inc. ( RXMD
Loading...
Loading...
) , a personalized healthcare services and technology company, today announced further growth year-over-year in revenue and number of prescriptions filled for May 2019 and a record month for PharmCo revenue in Palm Beach, which increased at 98%.

May 2019 sales have remained solid after April’s record-breaking month. The Company filled nearly 28,500 prescriptions between the 2 locations, an increase of 13% over the same month last year. Progressive Care ( RXMD ) recorded over $1.8 million in net revenues exclusive of PBM fees.

“The Company is recording year-over-year growth despite drastic reimbursement contraction and aggressive PBM fees,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. ( RXMD
Loading...
Loading...
) “We are confident that our efforts to build momentum and market penetration is producing the desired results. We expect to leverage our capabilities and the positive growth trajectory to accelerate our progress once the 2 new locations are properly integrated.”

For more information about Progressive Care ( RXMD
Loading...
Loading...
), please visit the company’s website.

Connect and stay in touch with us on social media:

Progressive Care Inc. ( RXMD
Loading...
Loading...
)
https://www.facebook.com/ProgressiveCareUS/