VeriChip to Consolidate Canadian Operations, Anticipate $1.5M Annual Savings

VeriChip Corporation, a subsidiary of Applied Digital Solutions, will consolidate its Canadian healthcare security operations in Ottawa, Ontario, closing its Vancouver operations. The consolidation will eliminate duplicative functions and improve operating efficiencies, allowing VeriChip to focus on strategic initiatives and become the leading provider of RFID systems for the healthcare industry. The move is expected to result in annual savings of over $1.5 million.