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Global Care Capital acquisition delivers PPE order

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CSE:HLTH
12 June 2020 13:39 (EDT)

Global Care Capital’s (CSE:HLTH) portfolio company, High Standard Health Care, has fulfilled a purchase order for medical gowns.

The company received an order for Level Two medical gowns, from a hospital based in New York. Both the state and city of New York have been severely impacted by deaths caused by COVID-19.

The hospital’s pre-paid purchase order had a value of C$350,000. The company successfully delivered the medical gowns to the hospital on June 10, 2020.

High Standard Health Care is a leading provider of personal protective equipment (PPE), which is currently in unprecedented demand. Since the pandemic began, the company has procured PPE for hospitals, municipalities, long-term care facilities, fire departments, and police stations.

High Standard Health Care provides PPE including respiratory masks, hand sanitiser, medical gowns, infrared thermometers, and face shields. 

The company is able to do so through relationships with PPE product manufacturers based in China. From time to time, HSHC provides production orders to the manufacturers, who then use their facility production to support the orders. 

High Standard Health Care’s CEO, Pat Gray, commented on its role in combatting the COVID-19 pandemic with PPE.

“High Standard Health Care prides itself on building long-lasting mutually beneficial relationships with hospitals, nursing homes, and cities in need of PPE. 

“We continue to support our clients during these difficult times and build trust by offering quick turnarounds and competitive pricing,” he said. 

Global Care Capital (HLTH) is down 5.13 per cent and trading at 18 cents per share at 12:52pm EDT.

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