Viemed Healthcare Inc VMD

Healthcare Medical Care

Viemed Healthcare, Inc. through its subsidiaries, is a provider of home medical equipment (HME) and post-acute respiratory healthcare services in the United States. The Company’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counselling to patients in their homes using cutting edge technologies. The Company’s products and services include Home Medical Equipment, In-home sleep testing, and Healthcare staffing. Home Medical Equipment provides respiratory and other home medical equipment, including home ventilation, bi-level positive airway pressure (BiPAP) and continuous positive airway pressure (CPAP) devices, percussion vests, and other medical equipment. In-home sleep testing provides in home sleep apnea testing services. Healthcare staffing provides healthcare staffing and recruitment services. The Company provides home medical equipment services through its interest in East Alabama HomeMed, LLC (HomeMed).

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Viemed Healthcare Inc > Q2 results

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Comment by donmayneon Aug 02, 2021 7:21pm

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RE:Q2 results

It appears that they met their Revenue target for both core and Covid businesses. It also exceeded analyst expectations.

Earnings exceeded analyst expectations.

Gross Profit margin increased.

Profit decreased with decreasing Covid business

Adjusted EBIDTA increased from $5,468 to $6,847. This is a 25% increase in the midst of declining Covid business. It is more in line with the trend line established for core busienss pre-Covid.

Vent Patient levels also increased and appears to have returned to the trend line established pre-Covid.

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