RE:great volumeIt's the perfect give and take company. Digital goes up, we benefit from higher multiples. Rotation to value, we benefit from clinics and steady cash flows. All the while, the underlying businesses continues to get larger and larger. Competitive advantages include the pre-emption of resources. As we tie up clinics, we get to count that clinic's market as our own. It's not like fast food, where Mcdonald's sets up on one corner and Subway on the other. If there is a clinic at a location, other people won't be jumping to open up further clinics nearby (at least not as direct competitors, maybe as supplementary service providers like x-rays or pharma or specialists etc). This is why the acquistion of AppleTree Medical may be ideal. LifeLabs and DynaCare? Perhaps in the future? A diagnostics business is truly a crown jewel in any medical portfolio because it is by far the highest margins. How much does it cost to take one more X-ray? How much does the diagnostics company bill the government for that one image? Very long-life, high-margin business. You can tell by the salaries of the employees. I know an X-ray technician, went to BCIT for a 2 year program, 21 years old, now making over $100K in wages. Clearly the margins are their, and so is the demand.