Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

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

Post by 5hcaxon May 05, 2021 8:07am
333 Views
Post# 33130556

Ahco big money for acquisition maybe ptq

Ahco big money for acquisition maybe ptqAdaptHealth Corp. (NASDAQ: AHCO) (AdaptHealth or the Company), a national leader in providing patient-centric and technology-enabled chronic disease management solutions including home healthcare equipment, medical supplies to the home and related services in the United States announced today that it has amended its senior secured credit facilities to increase its term loan by $100 million and to expand the maximum borrowing capacity under its revolving credit facility from $250 million to $450 million. The primary use of proceeds of the additional term loan will be to repay all existing revolving credit borrowings and the entire $450 million revolving credit facility will be available to the Company to fund acquisitions and for general corporate purposes. The principal terms of the senior secured credit facilities, including interest rates, principal amortization and covenants remain unchanged. Steve Griggs, Co-CEO of AdaptHealth commented, We appreciate the support of the Companys lenders as we continue to execute on the Companys growth strategy. Building on the combination of AdaptHealth and AeroCare in February 2021, we are seeing sustained opportunities to continue our growth through strategic and accretive acquisitions in all of our core businesses. The additional funding is critical to our ability to move quickly and capitalize on these opportunities. Having completed 245 acquisitions on a combined basis since 2012 (85 completed by AdaptHealth and 160 by AeroCare), Im very confident that our acquisition program will continue to substantially contribute to AdaptHealths future financial success. Josh Parnes, President of AdaptHealth also commented, We are also very pleased at the progress we have made integrating the operations of AdaptHealth and AeroCare. We are confident that those integration efforts will enhance our ability to integrate future acquisitions on to our best-in-class technology platforms and drive internal process and operating efficiencies. Regions Capital Markets, a division of Regions Bank, acted as Lead Arranger and sole Administrative Agent in connection with the incremental senior secured credit facility, and Citizens Bank, N.A. and Truist Securities, Inc. acted as Joint Lead Arrangers on the credit agreement expansion. About AdaptHealth Corp.
<< Previous
Bullboard Posts
Next >>