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Progressive Care Inc. (RXMD) Recent News Indicates Something Big Is Brewing

  • Restructuring whiz takes helm at RXMD
  • New CEO takes no salary or other forms of compensation
  • Company sees infusion of $6 million cash from key investors
  • A synergistic tech-healthcare collaboration grows as financials show upward trend

Looks like something big is brewing at Florida-based Progressive Care (OTCQB: RXMD). Focused on health services, the company offers healthcare services and technology that supports the managed healthcare industry to reduce costs and improve quality of care. The company has been steadily building both its pharmacy and data-management divisions as revenues continue to improve. However, a couple of extremely revealing events recently transpired that may have set the course for considerable upside potential.

The first inkling of something big cooking was revealed in a September press release which announced that Progressive Care had successfully completed a recapitalization of its debt as well as a strategic investment of $6 million from…

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