Laurentian Bank Notes Finally, on the telehealth market within the tech sector, Agostino (Laurentian Bank) said expanding multiples for a number of names earlier on in the pandemic also led to contraction later on.
“While companies such as WELL Health, CloudMD and Dialogue have all delivered meaningful growth (including +ten per cent organic growth), we believe investor fatigue and an overcrowded marketplace overshadow solid company performances. In our view, consolidation may be a theme that plays out in 2022 to build end-to- end market leaders. We highlight CloudMD’s proposed acquisition of MindBeacon as an example. We focus investors to Savaria for a company with steady profitable growth, solid fundaments (aging population), and a rising dividend as a means for healthcare exposure,” he said.