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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

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

Bullboard Posts
Post by colonelrosson Sep 03, 2015 7:45pm
241 Views
Post# 24077335

PHM's strategic acquisition of Patients Aids -

PHM's strategic acquisition of Patients Aids - Increases the footprint of the company in three states considerable way- Patient-Aids has a "dominant" presence in Indiana, Ohio , and Kentucky.  Additionally the previous acquisition of Sleep Management  --  https://www.viemed.com/leadership   --  has already opened the door to further cross-selling in the states of Louisianna, Washington, Tenessee, Oklahoma, Kansas, Iowa, Arizona, and Alabama.

"Patient Aids are  one of the area's largest retail suppliers of home health products and services, Patient-Aids has several difficult to obtain insurance contracts in Ohio and Kentucky," said Casey Hoyt, CEO of PHM. "We plan on immediately integrating their business operations, and leveraging the Company's payor contracts across our existing Midwest locations. Additionally, we expect to see cross-selling growth from high margin service lines offered post-acquisition that will further drive EPS growth." 

Patient-Aids has, since 1982, been a dominant business in their region. Their product lines and services focus on treating patients with chronic power mobility conditions, respiratory conditions, and patients requiring traditional durable medical home based equipment."


Read more at https://www.stockhouse.com/news/press-releases/2015/09/02/patient-home-monitoring-executes-definitive-purchase-agreement-to-acquire#DWuV9Zk5I4rmQDTx.99

One can only wonder what lies instore for PHM if the upcoming LOI's are in the states of Florida or California - HUGE POTENTIAL awaits.
Bullboard Posts