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 > Conference call/conserve cash/acquisition unlikely/covid

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Post by besttobeon Aug 04, 2021 8:53am

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Post# 33647391

Conference call/conserve cash/acquisition unlikely/covid

Upon listening to the CC, it appears the company wants to keep and conserve cash to...

1. Have cash available to possibly repay OIG findings. (their est possibly $9 mil)
2. To buy replacement equipment, due to Phillip's recall. Unknown how much at this time.

As a result, they sounded hesitant in doing an aquisition anytime soon.

Also sounded concerned about possible access to doctors, due to new outbreak of covid in the US. Baked into their Q3 quidance.

Doesn't sound good for the for the remainder of 2021 for VIEMED , in my opinion. Alot of headwinds.

GLTA

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