HOUSTON, June 20, 2005 (PRIMEZONE) -- Complete Care Medical, Inc. (Pink Sheets:CCMI), is pleased to announce its acquisition of CarePharm, LLC, a highly automated mail order pharmacy located in New Boston, Texas. No changes in staff or management are planned for CarePharm, which will operate as a wholly owned subsidiary of Complete Care Medical, Inc.
Regarded as a national leader in highly discounted prescription drugs, CarePharm recently moved into a new 20,000 square foot facility that houses high-speed fill equipment, which increases CarePharm's prescription dispensing capability to 15,000 prescriptions per day. Of even greater importance, the equipment lowers the predicted prescription error rate to no more than 0.001%. CarePharm holds current retail pharmacy licenses in all 50 states and is also a Medicare licensed provider.
"Complete Care Medical's acquisition of CarePharm will allow us to offer discount prescription medications to individuals in all 50 states, help fuel our nationwide expansion and increase our market share in this growing industry," said J.P. Monteverde, CEO of Complete Care Medical, Inc. "In addition, acquiring CarePharm and its existing customer base solidifies Complete Care Medical's place as a leader in providing direct mail prescriptions."
Through its subsidiaries, Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offers healthcare payers, healthcare providers, healthcare professionals and patients with easy access to utilization and compliance data in order to improve patient outcomes and improve quality of life.
For more information: www.ccmedicalinc.com
Forward-Looking Statements
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