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.