Quipt Home Medical Corp T.QIPT

Alternate Symbol(s): QIPT

Healthcare

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.

TSX:QIPT - Post by User

Quipt Home Medical Corp

Bullboard Posts

Comment by Stuatoron Sep 02, 2015 10:21am

126 Views

Post# 24071388

RE:Cash remaining after closing....

Again BigAsk: 65% is required on closing. Makes the required cash needed 32MX.65 = 20.5M.

Cash on the Balance Sheet to $ 86,182,217, before payment of the cash component of the SM purchase price. Cashon the Balance Sheet after this payment was $56,182.217.

So: 35M remaining.

Also, that aquisition wasn't included in the LOIs that are yet to sign. So there is still 62M in revenue LOIs outstanding.

Looks like they range between 3-4X EBITDA. (Sleep Management was a special case 5X)
Colorado and Tennessee together will roughly be 35M
Sleep business = 24M

So, they probably won't need to do any financing or debt raises as they have sufficient capital and they are making enough to cover the costs.