TORONTO, Dec. 7, 2022
/CNW/ - CareRx Corporation ("CareRx" or the
"Company") (TSX: CRRX), Canada's leading provider of
pharmacy services to seniors living and other congregate care
communities, today announced that Dr. Jack
Shevel, a director and Chairman Emeritus of CareRx,
will retire from the Company's Board of Directors effective
December 31, 2022.
Dr. Shevel was a founding shareholder of Centric Health, the
predecessor entity to CareRx, and has been a director and
significant shareholder of the Company since 2009. Dr. Shevel has
previously served as President and Chief Executive Officer of the
Company, and was Chairman of the Board from 2010 to 2018 before
becoming Chairman Emeritus.
"Jack has made significant contributions to the Company over the
past 13 years," said Kevin Dalton,
Chairman of CareRx. "He was instrumental in driving the strategic
direction of the Company over the first several years of his
involvement and has contributed deep industry expertise throughout
his tenure. On behalf of the Board of Directors, I want to thank
Jack for his contributions to the Company and wish him the best of
luck in his future endeavors."
Reflecting on his many years with CareRx, Dr. Shevel remarked,
"After serving over 13 years on the Board of Directors, I feel this
is the right time to retire. It has been a pleasure to have been
part of this exceptional organization that continues to play an
important role in healthcare delivery in Canada, and I am confident that management and
the entire CareRx team will continue to execute on a long-term
strategy that will create value for all stakeholders".
About CareRx Corporation
CareRx is Canada's leading
provider of pharmacy services to seniors living communities. We
serve over 95,000 residents in over 1,600 seniors and other
congregate care communities (long-term care homes, retirement
homes, assisted living facilities, and group homes). We are a
national organization with a large network of pharmacy fulfillment
centres strategically located across the country. This allows us to
deliver medications in a timely and cost-effective manner and
quickly respond to routine changes in medication management. We use
best-in-class technology that automates the preparation and
verification of multi-dose compliance packaging of medication,
providing the highest levels of safety and adherence for
individuals with complex medication regimes. We take an active role
in working with our home operator partners to promote resident
health, staff education, and medication system quality and
efficiency.
SOURCE CareRx Corporation