CareRX Corporation new CEO sets course for success
September 14, 2023 at 06:19 pm
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CareRx Corporation's new CEO Puneet Khanna joined Steve Darling from Proactive to discuss his new job as CEO. Khanna assumed the role just three months ago and shared his insights on the company's current position and future direction.
Khanna brings over 20 years of experience in the pharmacy and senior care sectors to his leadership role at CareRX. Having previously served as the company's Chief Commercial Officer, he is well-versed in the organization's operations and strategic objectives.
During the interview, Khanna discussed CareRX's recent second-quarter financial results, emphasizing the company's achievement of organic quarter-over-quarter revenue and adjusted EBITDA growth, which met expectations. These accomplishments are noteworthy, especially in the context of challenges posed by labor market dynamics in the healthcare sector over the past year.
Khanna outlined the company's ongoing focus on implementing a comprehensive technology and operational process optimization program. This initiative is expected to yield cost savings and enhance productivity, aligning with CareRX's commitment to delivering high-quality care while remaining operationally efficient.
With Khanna's extensive industry experience and the company's dedication to optimizing its operations, CareRX is well-positioned to continue providing vital services in the senior care and pharmacy sectors. As the new CEO, Khanna's vision for the organization's future is anticipated to drive further growth and success.
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CareRx Corporation is a Canada-based provider of pharmacy services to seniors living communities. The Company serves over 94,000 residents in over 1,500 senior and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. It supports its home care partners by providing solutions for the supply of chronic medication. It offers a range of medication solutions. Its technology automates the preparation and verification of multi-dose compliance packaging of medication, providing the safety and adherence for individuals with complex medication regimes. Its network of pharmacy fulfillment centers delivers solutions for the supply of chronic medication and other specialty clinical pharmacy services. The Company provides services in rural and urban areas throughout Ontario, Alberta, British Columbia, and parts of Saskatchewan. It works with home operator partners to promote resident health, staff education and others.