Quipt Home Medical Corp T.QIPT

Alternate Symbol(s): QIPT

Healthcare Medical Care

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.

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Quipt Home Medical Corp > Seen this movie before

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Comment by lscfaon Dec 17, 2024 4:25pm

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Post# 36366970

RE:RE:RE:Seen this movie before

The SEC has concluded its investigation. Co. wondering why the hell DOJ still holding out.

Quipt is currently the subject of an ongoing investigation by the US Department of Justice (the “DOJ”) concerning whether the Company may have caused the submission of false claims to government healthcare programs for CPAP equipment. In April 2024, Quipt received a subpoena from the SEC to provide certain documents related to the Company and the DOJ investigation, the civil investigative demand (“CID”) and financial reporting and disclosure matters (“SEC Subpoena”). Further to the SEC Subpoena, the SEC concluded its investigation in November 2024 and, based on the information it had as at such time, the SEC advised that it did not intend to recommend an enforcement action by it against the Company. No assurance can be given that no action may ultimately result from the SEC’s investigation.

Tropicalsun wrote:
adamwill1113 wrote: Combine that with GAAP net loss and an earnings miss and you've got every Quipt earnings from the past two years.

Yep, the movie is called How the Grinch (Crawford) stole Christmas, along with the rest of 2024. Wow what a dissapointment. Wasn't interested in listening to the call, was there any update on the DOJ investigation?

Thanks for the Christmas Goose Quipt Home Medical.