STOCK TITAN

SelectQuote’s SelectRx Pharmacy to Open a State-of-the-Art Third Fulfillment Center in Olathe, Kansas, to Support Rapid Growth

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

SelectQuote (NYSE: SLQT) announced that its full-service medication management pharmacy, SelectRx, will open a third fulfillment facility in Olathe, Kansas, to support its rapid growth. The new 54,000 square foot state-of-the-art facility is expected to open in the first half of 2025, significantly expanding the pharmacy's capacity. SelectQuote plans to add over 50 new positions at the location, including pharmacists, pharmacy fulfillment technicians, and various support roles.

Since its launch in 2021, SelectRx has grown its membership from under 5,000 to over 75,000 members who receive regular prescription shipments in adherence-friendly packaging. In 2023, SelectRx was recognized as a Patient-Centered Pharmacy Home (PCPH) by The Compliance Team, emphasizing health maintenance, preventative screening, and medication management for chronically-ill patients.

SelectQuote (NYSE: SLQT) ha annunciato che la sua farmacia di gestione dei farmaci a servizio completo, SelectRx, aprirà una terza struttura di evasione a Olathe, Kansas, per supportare la sua rapida crescita. La nuova struttura all'avanguardia di 54.000 piedi quadrati è prevista per aprire nella prima metà del 2025, espandendo significativamente la capacità della farmacia. SelectQuote prevede di aggiungere oltre 50 nuove posizioni nella sede, comprese figure professionali come farmacisti, tecnici specializzati nell'evasione di farmaci e vari ruoli di supporto.

Dalla sua apertura nel 2021, SelectRx ha aumentato la propria affiliazione da meno di 5.000 a oltre 75.000 membri che ricevono spedizioni regolari di prescrizioni in imballaggi favorevoli all'aderenza. Nel 2023, SelectRx è stata riconosciuta come Farmacia Casa Centrata sul Paziente (PCPH) dalla Compliance Team, sottolineando l'importanza della manutenzione della salute, dello screening preventivo e della gestione dei farmaci per i pazienti con malattie croniche.

SelectQuote (NYSE: SLQT) anunció que su farmacia de gestión de medicamentos de servicio completo, SelectRx, abrirá una tercera instalación de cumplimiento en Olathe, Kansas, para apoyar su rápido crecimiento. La nueva instalación de 54,000 pies cuadrados, de última generación, se espera que abra en la primera mitad de 2025, ampliando significativamente la capacidad de la farmacia. SelectQuote planea agregar más de 50 nuevos puestos en la ubicación, incluidos farmacéuticos, técnicos de cumplimiento de farmacia y varios roles de apoyo.

Desde su lanzamiento en 2021, SelectRx ha aumentado su membresía de menos de 5,000 a más de 75,000 miembros que reciben envíos regulares de recetas en envases que favorecen la adherencia. En 2023, SelectRx fue reconocida como una Farmacia Centrada en el Paciente (PCPH) por The Compliance Team, enfatizando el mantenimiento de la salud, el cribado preventivo y la gestión de medicamentos para pacientes con enfermedades crónicas.

SelectQuote (NYSE: SLQT)는 그들의 종합 약물 관리 약국, SelectRx가 캔자스주 올라세에 세 번째 이행 시설을 열 예정이라고 발표했습니다. 새로운 54,000 평방 피트의 최첨단 시설은 2025년 상반기 내에 개장될 것으로 예상되며, 약국의 용량을 상당히 확장할 것입니다. SelectQuote는 이 위치에서 약사, 약국 이행 기술자 및 다양한 지원 역할을 포함하여 50개 이상의 새로운 직책을 추가할 계획입니다.

2021년 출시 이후, SelectRx는 5,000명 미만에서 75,000명 이상의 회원으로 성장했으며, 이들은 적절한 포장으로 정기적인 처방전을 수령하고 있습니다. 2023년, SelectRx는 Compliance Team에 의해 환자 중심 약국(Patient-Centered Pharmacy Home, PCPH)으로 인정받았으며, 만성 질환 환자를 위한 건강 유지, 예방 검진 및 약물 관리의 중요성을 강조했습니다.

SelectQuote (NYSE: SLQT) a annoncé que sa pharmacie de gestion de médicaments à service complet, SelectRx, ouvrira un troisième centre de fulfillment à Olathe, Kansas, pour soutenir sa croissance rapide. La nouvelle installation de 54 000 pieds carrés, à la pointe de la technologie, devrait ouvrir dans la première moitié de 2025, ce qui va considérablement élargir les capacités de la pharmacie. SelectQuote prévoit d'ajouter plus de 50 nouveaux postes sur le site, y compris des pharmaciens, des techniciens de fulfillment en pharmacie et divers rôles de soutien.

Depuis son lancement en 2021, SelectRx a vu son nombre de membres passer de moins de 5 000 à plus de 75 000 membres qui reçoivent des envois réguliers de prescriptions dans des emballages favorisant l'adhérence. En 2023, SelectRx a été reconnu comme une Pharmacie Centrée sur le Patient (PCPH) par The Compliance Team, soulignant l'importance de la maintenance de la santé, du dépistage préventif et de la gestion des médicaments pour les patients souffrant de maladies chroniques.

SelectQuote (NYSE: SLQT) hat bekannt gegeben, dass seine vollumfängliche Medikamentenverwaltungsapotheke, SelectRx, eine dritte Erfüllungsstätte in Olathe, Kansas eröffnen wird, um das schnelle Wachstum zu unterstützen. Die neue, 54.000 Quadratfuß große, moderne Einrichtung wird voraussichtlich in der ersten Hälfte von 2025 eröffnet und die Kapazität der Apotheke erheblich erweitern. SelectQuote plant, an diesem Standort über 50 neue Stellen einzurichten, darunter Apotheker, Techniker für die Auftragsabwicklung in der Apotheke und verschiedene Unterstützungsrollen.

Seit ihrer Gründung im Jahr 2021 hat SelectRx ihre Mitgliedschaft von weniger als 5.000 auf über 75.000 Mitglieder erhöht, die regelmäßig verschreibungspflichtige Sendungen in einem akzeptanzfreundlichen Verpackungsdesign erhalten. Im Jahr 2023 wurde SelectRx von The Compliance Team als Patient Centered Pharmacy Home (PCPH) anerkannt, was die Bedeutung von Gesundheitsförderung, Präventionsuntersuchungen und Medikamentenmanagement für chronisch kranke Patienten unterstreicht.

Positive
  • SelectRx membership has grown from under 5,000 to over 75,000 in just over three years
  • Opening of a new 54,000 square foot fulfillment facility to expand capacity
  • Creation of over 50 new job positions
  • Recognition as a Patient-Centered Pharmacy Home (PCPH) in 2023
Negative
  • None.

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- SelectQuote, Inc. (NYSE: SLQT) today announced that SelectRx, the company’s full-service medication management pharmacy that serves all 50 states, will open a third fulfillment facility in Olathe, Kansas, to serve its rapidly expanding customer base, alongside its existing facilities in Monaca, Pennsylvania, and Indianapolis, Indiana.

SelectQuote launched the SelectRx business in 2021 as part of its Healthcare Services Division after acquiring two smaller pharmacy operations. In just over three years, SelectRx has grown its membership from under 5,000 to over 75,000 members who receive regular prescription shipments in adherence-friendly packaging. The new 54,000 square foot state-of-the-art facility at 404 W. Frontier Lane in Olathe, Kansas, is expected to open during the first half of calendar 2025 and should significantly expand the pharmacy’s capacity.

SelectQuote plans to add over 50 new positions at the location and is seeking experienced pharmacists, pharmacy fulfillment technicians (to assist in filling, processing, and shipping prescriptions), and various leadership and support roles such as shipping and inventory management, facilities management and information technology.

In 2023, SelectRx was recognized as a Patient-Centered Pharmacy Home (PCPH) by The Compliance Team. PCPH is based on TCT’s CMS-recognized Patient-Centered Medical Home program, which puts special emphasis on health maintenance, preventative screening, medication management, multi-specialty medical services, patient experience reporting, and benchmarking for chronically-ill patients.

SelectQuote CEO Tim Danker commented, “We are thrilled with the rapid growth of our SelectRx business over the past three years. With this new facility, we will be able to extend this highly convenient and adherence-friendly pharmacy solution to many more Seniors who can benefit from it. We are also thrilled to build out this beautiful new facility in our home market of Kansas City.”

About SelectQuote:

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health, and property. The company pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote’s success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads.

With an ecosystem offering high touchpoints for consumers across Insurance, Medicare, Pharmacy, and Value-Based Care, the company now has four core business lines: SelectQuote Senior, SelectQuote Healthcare Services, SelectQuote Life, and SelectQuote Auto and Home. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a specialized medication management pharmacy, and Healthcare Select which proactively connects its members with best-in-class healthcare services that fit each member's unique healthcare needs. The platform improves health outcomes and lowers healthcare costs through proactive engagement and access to high-value healthcare solutions.

Investor Relations:

Sloan Bohlen

877-678-4083

investorrelations@selectquote.com

Media:

Matt Gunter

913-286-4931

matt.gunter@selectquote.com

Source: SelectQuote, Inc.

FAQ

When will SelectQuote's new SelectRx fulfillment center in Olathe, Kansas open?

The new SelectRx fulfillment center in Olathe, Kansas is expected to open during the first half of calendar 2025.

How many new jobs will SelectQuote (SLQT) create with the new SelectRx facility?

SelectQuote plans to add over 50 new positions at the new SelectRx facility in Olathe, Kansas.

What is the current membership of SelectRx, SelectQuote's pharmacy business?

SelectRx has grown its membership from under 5,000 to over 75,000 members since its launch in 2021.

What recognition did SelectRx receive in 2023?

In 2023, SelectRx was recognized as a Patient-Centered Pharmacy Home (PCPH) by The Compliance Team.

SelectQuote, Inc.

NYSE:SLQT

SLQT Rankings

SLQT Latest News

SLQT Stock Data

514.51M
135.34M
10.43%
48.56%
1.23%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
United States of America
OVERLAND PARK