Wellgistics Health Signs Letter Of Intent To Acquire Kare Rx Hub; Financial Terms Not Disclosed

Wellgistics Health, Inc. (NASDAQ:WGRX) ("Wellgistics"), a leader in next-generation pharmaceutical distribution, digital prescription routing, and AI-powered hub fulfillment, today announced that it has entered into a non-binding letter of intent to acquire Kare Rx Hub, LLC ("KareRx"), an artificial intelligence (AI)-based digital hub for retail pharmacies, telemedicine portal and specialty pharmaceutical 'lite' branded products from Kare Pharmtech, LLC, a company owned by Dr. Kiran Patel, MD. The all-stock transaction is expected to close by January 31, 2026.