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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

Comment by LionGate7on May 02, 2024 9:33am
119 Views
Post# 36019204

RE:RE:New Press Release - Quipt Home Medical Announces Normal Course Issuer Bid

RE:RE:New Press Release - Quipt Home Medical Announces Normal Course Issuer Bid

Good to see Greg finally doing something to support the shareholder value and stepping up to the plate! Better late than never!

"We are pleased to announce this NCIB as an additional capital allocation option to enhance long-term shareholder ‎value, which is our management team and board's top priority. The NCIB reflects our strong view that our ‎common shares continue to trade at a discount and displays the confidence that we have in our business and its ‎future opportunities. Our continued financial and operational performance, together with our strong balance sheet ‎has put our Company in the strongest position that it has ever been, and yet our share price continues to languish. ‎We believe the NCIB provides us with flexibility around capital allocation, particularly during periods in which ‎there may be a disconnect between our share price, relative valuation, and our financial performance. Given our ‎continued confidence in our business model and future growth, along with our strong balance sheet and our view ‎that the market is not properly reflecting the fundamentals of the business, we see the NCIB as a welcome ‎supplement to our strategy. We look forward to continuing our multifaceted approach to growth and ‎opportunistically utilizing the NCIB as an additional option for capital allocation,” said CEO and Chairman Greg ‎Crawford.

GLTA

 

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