April 19 (Reuters) - CareRx Corp CRRX.TO :
* CARERX ANNOUNCES AGREEMENT TO ACQUIRE LONG-TERM CARE PHARMACY DIVISION OF MEDICAL PHARMACIES AND COMMITTED SUBSCRIPTION RECEIPT FINANCING OF $55 MILLION
* CARERX CORP - CONSIDERATION FOR ACQUISITION IS COMPRISED OF $70 MILLION OF CASH AND ISSUANCE OF 1 MILLION COMMON SHARES OF CARERX
* CARERX CORP - ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CARERX'S EARNINGS
* CARERX CORP - ACQUISITION ADDS 36,000 RESIDENTS SERVICED