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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Healthcare
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

Quipt Home Medical Corp
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Post by StingRay007on Jan 13, 2017 3:45pm
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Post# 25706219

TSXV-Listed Patient Home Monitoring Provides Update on Separ

TSXV-Listed Patient Home Monitoring Provides Update on Separ
TSXV-Listed Patient Home Monitoring Provides Update on Separating Businesses

 

13 Jan 2017 14:03 ET  

 

02:03 PM EST, 01/13/2017 (MT Newswires) -- Patient Home Monitoring Corp. (PHM.V) is up 6.5% after reporting that the next step in separating the Company has been completed. PHM has executed the purchase and sale agreements as well as the arrangement agreement with Viemed Healthcare, Inc., currently a wholly owned subsidiary of PHM which will be spun-out as a separate public company that will own a 100% interest in Home Sleep Delivered, L.L.C. and Sleep Management, L.L.C. (the Sleepco Subsidiaries). Concurrently, with closing PHM will be renamed Apparo Home Care, Corp.

The next steps in the process to finalize the split will be to receive regulatory approval from multiple agencies, including the TSX Venture Exchange. The Company expects that all documents will be submitted to the agencies in January 2017, and expects to call for a shareholder vote after receiving such approvals. The Company expects to file its Management Information Circular and call for this meeting during the quarter ended March 31, 2017.

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