Progressive Care Inc (RXMD)

[stockforce]

Together with NextPlat, the total cash investment in Progressive Care is about $8.8M. All convertible debt from Iliad has been paid off. The new goal from these new investors is to enhance the digital transformation of Progressive Care business into a market leader in medication therapy management, remote patient monitoring, and e-health. The NextPlat team’s unique abilities to innovate and develop leading-edge technologies will help Progressive Care grow faster, meeting the needs of the complex healthcare space. Together, we will continue to reinforce our dedication to patients, providers, and technologies that will deliver improved customer service, cost savings and enhanced outcomes for patients nationwide.

Jay said: "The successful completion of the strategic transaction makes our company’s balance sheet stronger and will enable us to capitalize on significant opportunities for growth."