Wellgistics Health Converts $8.1M Debt to Equity
Summary
Wellgistics Health approved an $8.1 million debt-to-equity conversion to reduce short-term debt and strengthen its balance sheet. The company says the move will improve cash flow and capital access. It also expects to expand its national footprint through independent pharmacies and improve its ability to acquire high-demand pharmaceutical products. Wellgistics Health highlights its AI-powered hub services and digital prescription routing as part of its platform strategy.
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