RE:RE:"providers of home medical equipment are due for a raise" Greg Crawford
So as far as the number of patients, that's something that we haven't released. I will say that it's been very minimal considering the amount of sleep devices that have been set up by the company over the period of the recall. At this point in that, there is a major shortage in that in supply chain issues in that four sleep devices. It's something we're continuously working through. We are on allocation and that with one of our large vendors. But at this point in time, we've also got a very large back order in that from our sleep life referrals and our patients and that because every company has basically the same issue in that with supply chain. So to date in that we have not seen any drop in our revenue or anything that would be material. But we're also building at the same time, we believe there's going to be a big pent-up demand at some point once the supply chain does back on. We don't have a time line or anything that we could really put on top of that. So I will say that things are better than they were in July, August. So if that trend continues things should get better. But I think the timing of that will really determine what the impact will really be and we just don't have a clear outlook in that from the manufacturers yet.
Justin Keywood
And given that this is an industry wide disruption, I assume some of your smaller competitors may be in a worse off position. Would this accelerate any of the deal processes and potentially lead to some lower valuation in the targets that you're looking to acquire?
Hardik Mehta
I mean, yes and no. It could lead into some desperate measures by some smaller sellers. But then on our end, we also want to make sure we are not buying a company which is just because it's a little bit cheaper when we would have some of the supply chain issues as well. So I mean it's not a slum dung answer to that question. We evaluate those on a case by case. We like to look at what their mix is in terms of Phillips versus the others, and whether we can acquire them and keep the continuity. So while there could be an opportunity, it could also mean that you could be buying something and you might not be able to service them at its historical levels soon after. So it's definitely a balance.