CareRx (TSE:CRRX) has released an update.
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CareRx Corporation, a leading Canadian provider of pharmacy services to seniors, has reported a steady increase in its adjusted EBITDA and a reduced net loss for the third quarter of 2024, attributed to improved supply terms and cost-saving initiatives. Despite a slight decline in bed numbers, revenue increased due to higher pharmaceutical prices. The company is poised for further growth with plans to open a new pharmacy and a strong pipeline for 2025.
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