Wellgistics Health Launches Capital Access Program for Pharmacies and Partners

Wellgistics Health, Inc. (NASDAQ:WGRX) has introduced a capital access program aimed at enhancing cash flow and supply chain resilience for over 6,500 independent pharmacies and 200 U.S. manufacturers. In collaboration with RxERP Financial, this initiative offers up to $350,000 per pharmacy and $1 million per wholesaler or manufacturer through third-party financing partners.

The program targets the challenges of long payment cycles and cash-flow pressures, aiming to boost product throughput and competitiveness. Features include a soft credit inquiry for pre-qualification, integration into existing systems, and transparent terms without hidden fees.

Mark DiSiena, CFO of Wellgistics, highlighted the program's role in easing financial burdens on pharmacies, while Steve Madsen, CEO of RxERP, emphasized the transparency and simplicity of capital access.