{"id":404994,"date":"2020-12-23T07:03:18","date_gmt":"2020-12-23T12:03:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404994"},"modified":"2020-12-23T07:03:18","modified_gmt":"2020-12-23T12:03:18","slug":"progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/","title":{"rendered":"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Miami, FL, Dec.  23, 2020  (GLOBE NEWSWIRE) &#8212; via <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OjW8BuW20juUGcVk7zk0_3515TLMCJetzSCErV3KeGfbC9L1E2fVoaBzE_wfeO8XDSaF8BmsGoOwTvUslSjU2V7_8nXyKmn9Grt-lnQbw1Q=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>NewMediaWire<\/u><\/a> &#8212; Progressive Care Inc. (OTCQB:RXMD) (\u201cProgressive Care\u201d or the \u201cCompany\u201d), a personalized healthcare services and technology company, is pleased to announce that the Company has completed its move into its new 11,000 sq ft pharmacy space in Hallandale Beach, FL.<\/p>\n<p>In addition to the cost savings, management believes the move will also drive advances in productivity, volume, and market reach due to the space and efficiency afforded by the Hallandale Beach location.<\/p>\n<p align=\"start\">\u201cThe new location is positioned and designed to access the South Florida long-term care pharmacy marketplace across five of the highest LTC-concentration counties in the U.S. prescription market,\u201d commented Alan Jay Weisberg, CEO and Chairman of Progressive Care. \u201cIn addition to addressing the huge and growing need for prescription medications at long-term care facilities in this region, Progressive Care, through its new expanded location, is also committed to becoming a leader in the rapidly growing Infusion therapy market, a logistically advantageous expansion that stands to have a material and durable impact on both volume and margins in our core pharmacy business.\u201d<\/p>\n<p align=\"start\">According to a recent research report from Access Market Intelligence, the long-term care pharmacy market was nearly $17 billion in 2019 on more than 400 million prescriptions filled.<\/p>\n<p align=\"start\">For more information about Progressive Care, please visit the company\u2019s website. Connect and stay in touch with us on social media:<\/p>\n<p align=\"start\">\n        <b>Progressive Care Inc.<\/b>\n      <\/p>\n<p align=\"start\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZpHnAwkM0tXgUiMUjxN1WpLNAjjaMryu1WbWGUAhuCcyqE7b7yroNNeZjQB74Rpoek0zeydGzQxYrir4p929JeBlpNHAsxG9p8xNAKZBA0iJ21zS6Qo9_adAmVMjVECtNBtKTIpYRwoBBy0cgxQemg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/ProgressiveCareUS\/<\/a>\n      <\/p>\n<p align=\"start\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZpHnAwkM0tXgUiMUjxN1WnnXOBzDUOcExYKxwFZBAkNeHoqgKQCKsbwQlrmCuVxSkNHhDoIbGmwkTeW3fRJv9xWrte3buDsQZdZ6uS3Rh2p-MFrAGSwrKQKyP6L0wWE9\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/ProgressCareUS<\/a>\n      <\/p>\n<p align=\"start\">\n        <b>PharmCoRx<\/b>\n      <\/p>\n<p align=\"start\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZpHnAwkM0tXgUiMUjxN1WpLNAjjaMryu1WbWGUAhuCf6aSGeqz-LhWFurpzd6UJw7_YpMjemDqlI07w3yf7wqT7S_1ovnIUftx8rquYKW0zhou9s4RoGsTzBOZLqoSbE\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/pharmcorx\/<\/a>\n      <\/p>\n<p align=\"start\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZpHnAwkM0tXgUiMUjxN1Wo_HtmzawOaGJLL7ATDqGezdvmy8feN-mxCIKQVSVgE5iNsKJaXUWjFZRvYNk2yLLW6lXveIPQe_UGKLO6pBk6gX8wy4RlrgQ3tydo4nW6UN\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/PharmCoRx<\/a>\n      <\/p>\n<p align=\"start\">\n        <b>ClearMetrX\u00a0<\/b>\n      <\/p>\n<p align=\"start\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZpHnAwkM0tXgUiMUjxN1WlLqzSp6veAvKFb7CghjBi_QnX5yeiCugjSrx_jiy1B4lzfx9Y6Hrg2fZGjhaUO6wfCUo0U5tNTzBL1mnc8shfQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.clearmetrx.com\/<\/a>\n      <\/p>\n<p align=\"start\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZpHnAwkM0tXgUiMUjxN1WpLNAjjaMryu1WbWGUAhuCfqx4CxdvFPmMZ2vF_u9Vkq6FIoxZ_c3UKZobtGJd2b5guz7e-2wRvdsAHkiDqiPoaPIH1OC4IGpcRwlHb3Ub8P\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/clearmetrx\/<\/a>\n      <\/p>\n<p align=\"start\">About Progressive Care: Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management.<\/p>\n<p align=\"start\">Cautionary Statement Regarding Forward-Looking Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company\u2019s expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. When used herein, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cupcoming,\u201d \u201cplan,\u201d \u201ctarget,\u201d \u201cintend\u201d and \u201cexpect\u201d and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company\u2019s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.<\/p>\n<p>\n        <b>Public Relations Contact:<\/b>\n      <\/p>\n<p align=\"start\">Carlos Rangel<\/p>\n<p align=\"start\">carlosr@pharmcorx.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjgyNyMzODk0MjEyIzUwMDA2NTEwNA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/93e0e5f8-53c7-4e04-bb59-519c70ed85ce\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Miami, FL, Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Progressive Care Inc. (OTCQB:RXMD) (\u201cProgressive Care\u201d or the \u201cCompany\u201d), a personalized healthcare services and technology company, is pleased to announce that the Company has completed its move into its new 11,000 sq ft pharmacy space in Hallandale Beach, FL. In addition to the cost savings, management believes the move will also drive advances in productivity, volume, and market reach due to the space and efficiency afforded by the Hallandale Beach location. \u201cThe new location is positioned and designed to access the South Florida long-term care pharmacy marketplace across five of the highest LTC-concentration counties in the U.S. prescription market,\u201d commented Alan Jay Weisberg, CEO and Chairman of Progressive Care. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404994","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Miami, FL, Dec. 23, 2020 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Progressive Care Inc. (OTCQB:RXMD) (\u201cProgressive Care\u201d or the \u201cCompany\u201d), a personalized healthcare services and technology company, is pleased to announce that the Company has completed its move into its new 11,000 sq ft pharmacy space in Hallandale Beach, FL. In addition to the cost savings, management believes the move will also drive advances in productivity, volume, and market reach due to the space and efficiency afforded by the Hallandale Beach location. \u201cThe new location is positioned and designed to access the South Florida long-term care pharmacy marketplace across five of the highest LTC-concentration counties in the U.S. prescription market,\u201d commented Alan Jay Weisberg, CEO and Chairman of Progressive Care. &hellip; Continue reading &quot;Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-23T12:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjgyNyMzODk0MjEyIzUwMDA2NTEwNA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market\",\"datePublished\":\"2020-12-23T12:03:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\\\/\"},\"wordCount\":485,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjgyNyMzODk0MjEyIzUwMDA2NTEwNA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\\\/\",\"name\":\"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market - 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(OTCQB:RXMD) (\u201cProgressive Care\u201d or the \u201cCompany\u201d), a personalized healthcare services and technology company, is pleased to announce that the Company has completed its move into its new 11,000 sq ft pharmacy space in Hallandale Beach, FL. In addition to the cost savings, management believes the move will also drive advances in productivity, volume, and market reach due to the space and efficiency afforded by the Hallandale Beach location. \u201cThe new location is positioned and designed to access the South Florida long-term care pharmacy marketplace across five of the highest LTC-concentration counties in the U.S. prescription market,\u201d commented Alan Jay Weisberg, CEO and Chairman of Progressive Care. &hellip; Continue reading \"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-23T12:03:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjgyNyMzODk0MjEyIzUwMDA2NTEwNA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market","datePublished":"2020-12-23T12:03:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/"},"wordCount":485,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjgyNyMzODk0MjEyIzUwMDA2NTEwNA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-care-completes-move-to-new-facility-begins-expansion-into-long-term-care-pharmacy-market\/","name":"Progressive Care Completes Move to New Facility, Begins Expansion Into Long-Term Care Pharmacy Market - 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