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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 KarlGibbonson Jul 07, 2024 9:09pm
123 Views
Post# 36122177

RE:Quipt is between a rock and a hard place ..IMO

RE:Quipt is between a rock and a hard place ..IMOAll fair points.  It is difficult for them to do any deals given they have an unknown potential liability associated with the DOJ investigation.  They also had a $6.5 million working capital drawdown last Q from the Change Healthcare issue.  If collections normalize, cash should get back closer to $20 million, but until we see it can not be certain.  The market believes this space is facing disruption and obsolescence risk so its not clear that continuing to buy DME companies is a good strategy.  Best to try to find a buyer themselves.  The CEO & CFO make $3.5-$4 million per year between them.  The board costs another $1.5-$2 million.  Audit fees, IR and public company costs are probably close to another $2 million.  There may be up to $8 million or of synergies for an acquiror...Given QIPTs operating earnings are probably around $15-16 million annually (EBITA), it would be very effective for a buyer.  However, the golden parachutes and rent deal for the CEO are albatrosses...




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