PharmaCorp Rx Inc. announced the acquisition of eight PharmaChoice Canada pharmacies in Eastern Canada for approximately $24.2 million, increasing its store count from six to fourteen. The acquisition clusters six locations near a major urban center and includes two rural pharmacies, enhancing operational efficiency and market reach. Existing pharmacists will continue managing the stores to ensure smooth integration and patient care continuity. Additionally, PharmaCorp has non-binding agreements to acquire four more pharmacies, aiming to close these deals in the next two quarters, supporting its growth strategy with existing capital resources.
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