Praxsyn Corporation announced that it has finalized a lease on a new building for its pharmacy lab and billing services with expansion efforts now underway. The new space will allow Praxsyn's wholly owned subsidiary, Mesa Pharmacy (Mesa), to significantly increase the size of its pharmacy lab, providing capacity for new equipment, a more diverse list of offered medications, and to continue the growth of its pharmacy staff. The expansion will also provide additional space for another wholly-owned subsidiary, NexGen Med Solutions (NexGen).

The additional space is facilitating NexGen's ability to negotiate more settlements of in-house cases. This will allow the company to retain a higher percentage of its account receivables, which in turn creates a more profitable billing system. The expansion also provides capacity for the pharmacy lab to triple in size, expanding to approximately 3,000 sq.

ft. The new lab will be furnished with upgraded equipment such as containment hoods, analytical balances, and a disperser which will cut down production time significantly. The pharmacy is also upgrading its ventilation system to produce cleaner air as part of a new pharmacy regulation.

The expansion has also allowed Mesa to double Pharmacy staff and will soon be implementing two work shifts in order to handle production needs. These changes will be accomplished in phases throughout the next few months.