Centric Health Corp.

Centric Health Corporation, now known as CareRx Corporation, provides specialty pharmacy services to seniors across Canada. The company operates a network of pharmacy fulfillment centers that deliver chronic medications and specialty clinical pharmacy services. As of August 2020, CareRx served approximately 50,000 residents in around 900 communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. Founded in 2001 and headquartered in Toronto, CareRx is dedicated to improving patient outcomes and addressing growing healthcare needs. The organization focuses on enhancing its core high-margin business units while seeking selective expansion opportunities to broaden its national presence in the healthcare sector.

Jack Shevel

Director and Chairman

3 past transactions

RemedysRx Specialty Pharmacy

Acquisition in 2020
Remedy'sRx Specialty Pharmacy is a pharmaceutical company that specializes in real customization and achieve superior customer service.

CareRx

Acquisition in 2016
CareRx Enterprises Ltd. is a pharmacy services provider based in Victoria, Canada, specializing in care facilities, retirement homes, and home nursing services in British Columbia. The company offers innovative medication management solutions, including Pouch Compliance Packaging technology and the Dispill multi-dose packaging system. Additionally, CareRx provides MED e-care for electronic medication administration records and CARECONNECT, an online educational resource for nursing professionals. Their services extend to complex care, assisted and independent living, as well as comprehensive training and educational programs aimed at enhancing the overall pharmacy experience for residents and their families. CareRx is dedicated to community engagement and improving the quality of care for its clients.

Motion

Acquisition in 2012
Motion, formerly known as Motion Specialties, is a prominent provider of mobility and accessibility solutions in Canada. The company specializes in manufacturing and supplying a diverse range of equipment designed to enhance the quality of life for children and elderly adults. Its product offerings include wheelchairs, scooters, walkers, bathroom safety devices, stair lifts, and home elevators. In addition to its extensive product line, Motion also provides installation services, ensuring that clients receive comprehensive support tailored to their mobility needs. By focusing on accessibility, Motion aims to empower individuals to maintain independence and navigate their environments with greater ease.
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