Viemed Healthcare Inc VMD

New Press Release - Viemed Announces Acquisition of Majority Interest in HomeMed, Forging Partnership With East Alabama Health

LAFAYETTE, La., April 02, 2024 (GLOBE NEWSWIRE) -- Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ:VMD), a national leader in respiratory care and technology-enabled home medical equipment services, announced the finalization of its strategic partnership with East Alabama Health (“EAH...read article.

[LongTerm3]

Casey Hoyt said: "We view this transaction as a blueprint that can be replicated nationwide, enhancing care quality while simultaneously creating value for healthcare systems." In my view there will be more in the future. This one may be small, but as Viemed see's how it works out this type of deal will get bigger and bigger.

[lscfa]

If you look at a Quipt map it has offices in every state in the southeast except Alabama. I think there is a moratorium on new business licenses for HMEs so Viemed had to acquire an equity interest instead of set up shop by itself.