TORONTO, Sept. 5,
2024 /CNW/ - CareRx Corporation ("CareRx"
or "the Company") (TSX: CRRX) today announced that
following an extensive executive search process, Suzanne Brand will be joining the Company in the
role of Chief Financial Officer effective October 1, 2024.
Ms. Brand is a highly accomplished executive, bringing a wealth
of financial, healthcare and leadership experience. She joins
CareRx from Teva Pharmaceuticals, a leading global manufacturer of
quality generic and innovative pharmaceuticals, where she has held
several senior finance roles since 2011, most recently serving as
CFO of Teva Canada. Prior to joining
Teva, Ms. Brand spent twelve years in finance at Wyeth
Pharmaceuticals, a Pfizer company, where she held senior roles
including as a Director, Commercial and Corporate Finance. She
began her career as an auditor at PriceWaterhouseCoopers (PwC). Ms.
Brand is a Chartered Professional Accountant (CPA) and Chartered
Accountant (CA) and holds a Bachelor of Science degree in Biology
and Business from the University of
Toronto.
"We are delighted to welcome Suzanne to CareRx's Executive
Team," said Puneet Khanna, President
and Chief Executive Officer of CareRx. "Suzanne's depth of
healthcare experience and exceptional leadership skills make her an
invaluable addition to the CareRx team. I am confident that she
will play an outsized role in executing our strategic direction and
growth initiatives in the years to come." Mr. Khanna continued, "I
would also like to thank Davide
Pernarella for his leadership in serving as the Interim
Chief Financial Officer over the past few months and for helping to
oversee the transition of the CFO role to Suzanne."
About CareRx Corporation
CareRx is Canada's leading provider of pharmacy
services to seniors living communities. We serve approximately
90,000 residents in approximately 1,450 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 regimens. We take an active
role in working with our home operator partners to promote resident
health, staff education, and medication system quality and
efficiency.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements" within the meaning of applicable
Canadian securities legislation. These forward-looking statements
include, among others, statements regarding the Company's business
strategy, plans and other expectations, beliefs, goals, objectives,
information and statements about possible future events.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate" or similar expressions
suggesting future outcomes or events. Such forward-looking
statements reflect management's current beliefs and are based on
information currently available to management.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
contemplated by such statements. Factors that could cause such
differences include the Company's general business risks, the
Company's exposure to and reliance on government regulation and
funding, risks related to employee recruitment and retention, the
Company's liquidity and capital requirements, exposure to epidemic
or pandemic outbreak, reliance on contracts with key care operators
and other risk factors described from time to time in the reports
and disclosure documents filed by the Company with Canadian
securities regulatory agencies and commissions. These and other
factors should be considered carefully and readers should not place
undue reliance on the Company's forward-looking statements. As a
result of the foregoing and other factors, no assurance can be
given as to any such future results, levels of activity or
achievements and neither the Company nor any other person assumes
responsibility for the accuracy and completeness of these
forward-looking statements. The factors underlying current
expectations are dynamic and subject to change.
SOURCE CareRX Corporation