Dalrada Accelerates Its National Healthcare Model With Acquisition of Watson Rx Solutions

Rhea-AI Summary

Dalrada Corporation (DFCO) announced the acquisition of Watson Rx Solutions, Inc., marking a significant step in its growth strategy within the healthcare sector. This acquisition aims to develop a comprehensive healthcare solution by integrating pharmacy services with a range of patient care offerings, including telemedicine and testing facilities. CEO Brian Bonar emphasized the acquisition's potential to enhance patient care and expand Dalrada's healthcare footprint. The U.S. pharmaceutical market, valued at $300 billion in 2020, presents substantial growth opportunities.

Positive

• Acquisition of Watson Rx Solutions enhances Dalrada's healthcare service offerings.
• Strategic move to integrate pharmacy services with existing healthcare solutions.
• Potential to leverage the $300 billion U.S. pharmaceutical market.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Dalrada Corporation (OTCQB: DFCO, "Dalrada") announced today that it had acquired the pharmacy, Watson Rx Solutions, Inc. The move highlights Dalrada’s aggressive growth plans within the healthcare sector and paves the way for a total end-to-end total healthcare solution.

Adding the 10-year-old pharmacy to Dalrada Health’s comprehensive model expands the subsidiary’s synergies with potential opportunities across its products and services portfolio and offers another solution to meet patient requirements.

Dalrada envisions a comprehensive healthcare solution for all Dalrada Health clients with unique offerings that will now include: a pharmacy to facilitate prescription processing, physicians and clinicians at treatment clinics, expanding into telemedicine, engagement of Dalrada-owned testing facilities and laboratories, and utilization of Company-specific technologies to facilitate immediate growth of the business.

CEO and Founder, Brian Bonar, states, “Watson Rx has a long history of providing excellent pharmacy services. This acquisition allows Dalrada to expand its healthcare footprint and continue to build a total health management solution on an already successful turnkey operation. As a result, the Company will be able to successfully address the health needs of even more patients.”

Through comprehensive prescription management, education, nursing, and total health management, Watson Rx Solutions' leadership team holds more than six decades of combined experience in various complex pharmacy disease states and retail services, always putting patients first.

Dalrada plans on entering the pharmaceutical space with an accelerated strategic plan to leverage the Company’s existing capabilities. Research reveals that the U.S. online and mail-order sales of drugs, health, and beauty aids were valued at 75.5 billion USD in 2020. Additionally,

• E-commerce pharmaceutical sales and beauty aids increased from 51.7 billion USD the year prior.
• Online, E-commerce, and mail-order sales increased from around 31 to 38 percent during the same period.

Pharmacy and drug store sales reached 300 billion USD in 2020, with over-the-counter (OTC) medication accounting for over 36 billion USD in sales during the same year, the highest-selling year to date for the OTC segment. (Source: Statista U.S. online and mail-order sales of drugs, health and beauty aids, 2003-2020).

Dalrada and its subsidiaries provide value by making timely and impactful products and services available within health, technology, and clean energy markets. To learn more about how Dalrada Corporation continuously creates innovative solutions to address the complex challenges of today and the future, please visit www.Dalrada.com and www.DalradaHealth.com.

About Dalrada:

Dalrada Corporation drives innovation that positively impacts people, businesses, and the planet. With subsidiaries that are firmly positioned in the world’s top three-growing industries of healthcare, clean energy, and technology, Dalrada creates solutions that are sustainable, affordable, and accessible.

The company works continually to produce disruptive products and services that accelerate positive change for current and future generations. Dalrada’s global solutions directly address climate change, post-pandemic gaps in the healthcare industry, and technology solutions for a new era of human behavior and interaction, ensuring a bright future for the world around us.

Established in 1982, Dalrada has since grown its footprint to include the unique business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. For more information, please visit www.dalrada.com, and follow us on Twitter, Facebook, and LinkedIn.

Disclaimer:

Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220608005375/en/

Denise Mahaffey

858.283.1253

inquiries@dalrada.com

Source: Dalrada Corporation

FAQ

What is the strategic purpose of Dalrada's acquisition of Watson Rx Solutions?

The acquisition aims to enhance Dalrada's healthcare services by integrating pharmacy operations with its existing patient care solutions.

How does the acquisition impact Dalrada's market presence in the healthcare sector?

It expands Dalrada's footprint in the healthcare sector, providing a total health management solution to a broader patient base.

What financial opportunities does Dalrada expect from entering the pharmaceutical market?

Dalrada anticipates significant growth opportunities from the U.S. pharmaceutical market, valued at $300 billion.

When was the acquisition of Watson Rx Solutions announced?

The acquisition was announced today, reflecting Dalrada's aggressive expansion strategy.