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Reliq Health Technologies Inc V.RHT.H

Alternate Symbol(s):  RQHTF

Reliq Health Technologies Inc. is a global healthcare technology company that specializes in developing virtual care solutions for the healthcare market. The Company’s iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent hospital readmissions and ER visits. The iUGO Care platform integrates wearables, sensors, voice technology and mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators. The iUGO Care platform provides services, such as remote patient monitoring, chronic care management, principal care management, behavioral health integration, telemedicine, transitional care management, wound care, and others.


TSXV:RHT.H - Post by User

Comment by Lifeboat1on Dec 15, 2022 3:57pm
192 Views
Post# 35174193

RE:RE:RE:Valuation

RE:RE:RE:Valuation

Iscfa - There is much misleading and wrong in your post.  

1. It is actually a good thing that Reliq is not a pure healthcare SAAS company.  Based on what I have seen in the Market, pure healthcare SAAS companies have relatively low margins and struggle to add value compared to Competitors.  Look at the EHR market.
2. Reliq's professional services are over 50% which is not considered low in any industry.  Overall margins are over 60%. Devices are around 50% and software is probably 80% which puts profession services at over 50%.  Do the math before posting.
3. Not all healthcare multiples are low.  EHR Companies have single digit margins and declining revenue growth so their multiples are low. In 2020 the top 25% of healthcare companies had multiples in the 20-30x range.  That has dropped in 2022 as have all multiples but they are still 10x-15x.

Reliq will likely end with something between top healthcare and top SAAS multiples (based on growth rates and GM) which were 20x -70x in 2021 and are now (market low) of 10x - 35x.  Reliq's multiple will likely be > 20x in a bad market and > 40x in a good market.

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