CORAL GABLES, FL / ACCESSWIRE / November 6, 2018 / The healthcare
sector is always a beneficiary of new technology advancements and cutting-edge developments, but a new trend that has just begun to emerge could set the stage for an entirely different approach to
medicine. According to research from Kalorama Information, the mobile health market could reach an impressive $86.6 billion by
2020, a yearly increase of 20.8% over a five-year period (1).
Now could be the time to look at companies within the healthcare sector. President Donald Trump has announced a plan to lower
prices for some prescription drugs and has said it could end unfair practices that force
Americans to pay more for drugs than people in other countries do for the same medications. Though these would only apply to drugs
administered in doctors' offices, this could impact an array of companies.
Despite these latest developments, a number of companies are making a push to take advantage of the new attention that the
healthcare space is receiving. Furthering progress, healthcare technology has also taken center stage as the aging population looks
for alternative ways to receive care for "non serious" doctor visits. To this end, we're taking a closer look at Premier Health Group, Inc. (PHGRF) (PHGI), Teladoc Health (NYSE: TDOC) and Acadia Healthcare
Company, Inc. (NASDAQ: ACHC).
Premier Health Group, Inc. (PHGRF) (PHGI) announced this week that as a part of its
expansion plans it will enter the Pharmacy market via acquisition and/or launching a new Canada
based pharmacy in H1-2019. With Premier's acquisition of HealthVue Medical Clinics in August, this could be the next phase of
growth for the company. Furthermore, the Company expects to provide additional updates on acquisitions in Q4-18 and Q1-19. Premier Health Group, Inc. (PHGRF) (PHGI) is actively reviewing a pipeline of additional pharmacy
partners, which include bricks and mortar locations for acquisition and strategic new retail opportunities for pharmacies.
"It is our position that the emergence of technology such as the ability for patients to electronically send their
prescription(s) to a pharmacy for fulfillment and pick up at a later time or delivery directly to them at home or work will result
in increased patient and consumer enrollment in apps that offer this type of functionality," said Dr. Essam Hamza, CEO of
Premier.
Premier Health Group, Inc. (PHGRF) (PHGI) entered the primary care clinic and health
care technology business via the HealthVue transaction and obtained access to a group of four Greater Vancouver-based fully
integrated, paperless and electronic-medical-record-based medical clinics with a 10-year history, 22 health care professionals and
over 100,000 active patients.
For More Information On Premier Health Group, Click Here
Teladoc Health, Inc. (TDOC) reported earnings this month. Jason Gorevic, Teladoc Health's chief executive officer said, "Teladoc
Health delivered very strong third quarter results. We carry significant momentum into the end of the year, as demand for our
comprehensive suite of virtual care services is robust across channels and geographies. We have a tremendous growth opportunity in
front of us as the entry point into the health care system where individuals can go for guided access to a fully integrated,
high-quality care experience."
Teladoc has also announced the appointment of Mark Douglas Smith, MD, MBA, to its board of directors earlier this month. Dr.
Smith is a professor of clinical medicine at the University of California at San Francisco (UCSF) and a nationally-recognized
health policy and delivery system expert.
"Mark is a distinguished physician and healthcare leader with a passion for assuring access to care for all, and we are pleased
to welcome him to the Teladoc Health board," said Jason Gorevic, Teladoc Health CEO. "Mark's accomplished background complements
our mission and enduring commitment to transform the care experience."
For More Information On Teladoc, Click Here
Acadia Healthcare Company, Inc. (ACHC) has also grabbed attention on Tuesday. The company announced financial results for the
third quarter and nine months ended September 30, 2018. Revenue was $760.9 million for the third quarter, up 6.2% from $716.7
million for the third quarter of 2017. Net income attributable to Acadia stockholders for the third quarter of 2018 was $46.2
million, or $0.53 per diluted share, compared with $45.6 million, or $0.52 per diluted share, for the third quarter of 2017.
Adjusted income attributable to Acadia stockholders per diluted share was $0.55 for the third quarter of 2018, compared with $0.58
for the third quarter of 2017, which excludes transaction-related expenses of $2.4 million and $5.7 million for the third quarter
of 2018 and 2017, respectively.
Joey Jacobs, Chairman and Chief Executive Officer of Acadia, remarked, "Our U.S. operations performed well with favorable trends
in all key operating metrics. However, the third quarter financial results for our operations in the U.K. were affected by a lower
census and higher operating expenses than expected. Our operating costs were significantly higher, primarily due to the ongoing
nursing and clinical staff shortage and our dependence on higher cost agency labor. Our census did not reach a sufficient level to
absorb the higher wages and other operating costs, which adversely affected our margins for the third quarter."
Acadia shares were among the most actively traded in the healthcare sector on Tuesday morning.
For More Information On Acadia Healthcare, Click Here
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1.) Kalorama Information: https://www.kaloramainformation.com/mhealth-Worldwide-9138421/?progid=88153&__hstc=183052025.7c5c237ee824c116b58ae8424b2ad343.1540402411968.1540402411968.1540402411968.1&__hssc=183052025.1.1540402411969&__hsfp=3707452877
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