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The Progressive Care Transaction
Transaction Highlights:
Investment to accelerate Progressive's digital
healthcare transformation and launch of a
global e-commerce platform for new
healthcare and lifestyle products
Management to leverage its 30+ years'
experience and expertise in healthcare and
technology to create value
Long-term commitment through personal
investments
Strategic Investment into the Recapitalization
of Progressive Care Inc. (OTC: RXMD):
$6 million purchase of Units
$2.3 million purchase of convertible debt
(5% interest)
$40 million in revenue in 2021
Provides prescription pharmaceuticals
and contracted pharmacy services
directly to consumers, long-term care
facilities as well to 340B covered entities
in underserved or vulnerable
communities in 13 states
Charles M. Fernandez named Chairman,
Rodney Baretto named Co-Vice Chair
$RXMD
Bullish
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