NextPlat Expands Healthcare Ops with New Leadership, Investments

NextPlat Corp, a global consumer products and services company, has expanded its healthcare operations through the appointment of new senior leadership and investments. The move aims to support growth into new, high-value patient services and capitalize on the expanding healthcare market. PharmcoRx, a subsidiary of NextPlat, will benefit from the strategic expansion, strengthening its brand and building long-term value.

NextPlat Corp (NASDAQ: NXPL, NXPLW), a global consumer products and services company, has announced significant expansions in its healthcare operations. The move aims to capitalize on the growing healthcare market and support growth into new, high-value patient services. The company's subsidiary, PharmcoRx, will benefit from these strategic expansions, which include the appointment of new senior leadership and substantial investments.

The key appointments include Birute Norkute as Vice President of Healthcare Operations and Alexis Fernandez as Director of Pharmacy. Ms. Norkute brings over a decade of experience in building and leading healthcare operations, notably at Progressive Care Inc. She will oversee NextPlat's healthcare and pharmacy businesses. Mr. Fernandez, with over 20 years of clinical and administrative pharmacy experience, most recently served as Pharmacy Manager at Cano Health. His expertise in clinical, retail, and managed care environments will be crucial in driving pharmacy operations and enhancing quality of care.

NextPlat is also investing in PharmcoRx to support increased growth and profitability. This includes hiring dedicated sales and marketing professionals focused on securing 340B and Long-Term Care (LTC) contracts. Additionally, the company has begun a technology upgrade cycle aimed at improving internal process efficiencies and enhancing patient care and customer service responsiveness.

David Phipps, Interim CEO and President of Global Operations at NextPlat Corp, stated, "PharmcoRx is well-positioned to capitalize on the expanding healthcare market. Through focused investments in talented leadership and entry into higher-margin healthcare segments, we believe we can enhance profitability, sustain long-term performance, and deliver increased shareholder value."

This expansion aligns with NextPlat's mission to serve the needs of patients throughout communities, delivering superior value to both patients and providers. The company's forward-looking statements include the capabilities and success of its business and products, subject to known and unknown risks, uncertainties, and other factors.

References:
[1] https://www.marketscreener.com/news/nextplat-accelerates-healthcare-growth-with-new-leadership-and-expanded-sales-marketing-and-techno-ce7c50d9db89f12c
[2] https://www.barchart.com/story/news/34390033/nextplat-accelerates-healthcare-growth-with-new-leadership-and-expanded-sales-marketing-and-technology-investments