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March 10, 2023 03:39 PM

Capsule shares $25M investment plans

Crain's New York Business
Jacqueline Neber
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    Buck Ennis

    Capsule has fully activated its 43,000-square-foot pharmacy in Harlem in which it will invest $25 million over eight years, the digital pharmacy company announced today.

    More than 120 full-time employees are now stationed at 122 W. 146th St. after beginning to move from a 7,000-square-foot Midtown location in August 2022, said Amy Stevens, a Capsule representative. The Harlem facility will create 50 jobs and, with the $25 million going toward technology improvements, allow the company to scale up and serve more customers and doctors. Capsule initially invested $7 million in opening the space, which it is renting, Stevens said.

    Capsule serves customers in the five boroughs, northern New Jersey, Westchester County, the Lower Hudson Valley and Connecticut’s Fairfield County.

    Read the whole story at Crain's New York Business

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