E-commerce company NextPlat has completed a $7 million investment in healthcare services and technology company Progressive Care.
Progressive Care specializes in prescription pharmaceuticals and healthcare data analytics and management. The company reported revenues of $40 million in 2021, according to an Aug. 31 NextPlat news release.
NextPlat CEO Charles Fernandez will serve as chair of Progressive Care's board of directors as part of the transaction. Progressive Care plans to use the investment to expand its digital platforms.