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Novo Integrated Sciences, Inc. (Symbol: NVOS) is a key player in the primary healthcare services sector, offering a comprehensive range of services designed to cater to diverse patient needs. The company, along with its subsidiaries, has built a robust portfolio that includes physiotherapy, chiropractic care, manual/manipulative therapy, occupational therapy, eldercare, massage therapy, acupuncture, and functional dry needling.
Additional services offered by Novo Integrated Sciences encompass chiropody, stroke and traumatic brain injury/neurological rehabilitation, kinesiology, vestibular therapy, concussion management and baseline testing, trauma-sensitive yoga and meditation for concussion-acquired brain injury and occupational stress-PTSD, women's pelvic health programs, and sports medicine therapy. Moreover, the company provides assistive devices, dietitian and holistic nutrition services, fall prevention education, sports team conditioning programs, and private personal training services.
The company is also involved in the assessment, diagnosis, treatment, pain management, rehabilitation, education, and prevention of various orthopedic, musculoskeletal, sports injury, and neurological conditions. This positions Novo Integrated Sciences as a holistic healthcare provider, dedicated to improving patient outcomes through a variety of therapeutic and rehabilitative services.
Among its recent achievements, Novo Integrated Sciences has been recognized for its commitment to patient care and the integration of advanced therapeutic techniques. The company's two primary segments—healthcare services and product sales—reflect its diversified approach, with healthcare services generating the majority of its revenue.
As an evolving entity, Novo Integrated Sciences continues to explore new partnerships and innovative treatment programs aimed at enhancing its service offerings. This forward-thinking approach ensures that the company remains at the forefront of the healthcare industry, providing valuable and effective solutions for a wide range of medical conditions.
Novo Integrated Sciences, Inc. (NASDAQ: NVOS) reported a remarkable 481% year-over-year revenue increase for the fiscal third quarter, totaling $13.85 million, driven largely by outsourced product sales. However, they experienced a net loss of $3.81 million, up 827% from the prior year. Significant operating costs rose due to increased overhead linked to Acenzia, PRO-DIP, and Terragenx. The company anticipates improved integration of operations to mitigate these costs in future quarters. Cash and cash equivalents stand at $12.6 million.
Novo Integrated Sciences (NASDAQ: NVOS) anticipates a revenue increase of approximately 367% to 384% for the third quarter of fiscal 2022, projecting revenues between
Novo Integrated Sciences (NASDAQ: NVOS) announces that CEO Rob Mattacchione will present at the 40th Annual AAPI Convention on June 25, 2022, in San Antonio, Texas. The event, organized by the American Association of Physicians of Indian Origin, aims to discuss advancements in healthcare technology and policy. It will gather over 80,000 physicians and healthcare leaders to share insights and set legislative priorities. The CEO Forum will also feature leaders from various healthcare sectors, showcasing Novo's commitment to transforming patient-first healthcare solutions.
Novo Integrated Sciences (NASDAQ: NVOS) announced that Dr. Joseph M. Chalil, its Chief Medical Officer, has been honored as the Top Physician of the Year for 2022 by the International Association of Top Professionals (IAOTP). This recognition underscores his contributions to healthcare and leadership. The IAOTP evaluates nominees based on their accomplishments and community contributions. Dr. Chalil brings over 20 years of experience in health policy and medical affairs, previously holding significant roles in renowned companies like Abbott and Boehringer Ingelheim.
Novo Integrated Sciences, Inc. (NASDAQ: NVOS) reported 38.2% year-over-year revenue growth for Q2 2022, driven by its expanded healthcare ecosystem. The company anticipates triple-digit percentage revenue growth in Q3 2022, mainly from product sales. However, healthcare services revenue fell 9.7% due to COVID-19 impacts. Operating costs rose 60.6% to $3.34 million, leading to a net loss of $4.81 million, a 258.6% increase from the previous year. Despite challenges, Novo continues strategic acquisitions, aiming for long-term growth and profitability.
Novo Integrated Sciences (NASDAQ: NVOS) has completed the acquisition of Clinical Consultants International (CCI), a global consulting firm based in Florida. The acquisition, which was made through an all-stock transaction, aims to leverage CCI’s expertise to expand Novo’s multidisciplinary healthcare services. Dr. Joseph M. Chalil has been appointed as the Chief Medical Officer and President of Novomerica Health Group, a subsidiary formed to enhance medical-related business in the U.S. This strategic move is expected to propel Novo’s growth in both U.S. and global markets.
Novo Integrated Sciences (NASDAQ: NVOS) announced a marketing and distribution partnership with Boditech Med to launch its in-vitro diagnostic solutions in North America. Boditech, established in South Korea, markets over 90 biomarker products worldwide and is expanding its manufacturing to Miami, Florida. The partnership aims to improve rapid diagnostic testing, offering results in 12 to 15 minutes. This collaboration is expected to enhance healthcare delivery, addressing the long wait times for test results in North America.
Novo Integrated Sciences, Inc. (NASDAQ:NVOS) announced its subsidiary PRO-DIP, LLC was granted U.S. Patent No. 11,273,965 on March 15, 2022. This patent covers an innovative oral supplement pouch technology that aims to revolutionize how vitamins and energy supplements are delivered to consumers. The ION Energy pouch is PRO-DIP's first market offering, providing an easy and effective way to intake supplements. This achievement is seen as a significant step in establishing a new product category and reinforces Novo's commitment to advancing health and wellness innovations.
Novo Integrated Sciences (NASDAQ: NVOS) has signed a Membership Interest Purchase Agreement to acquire Clinical Consultants International LLC (CCI) in an all-stock transaction expected to close by April 15, 2022. CCI is a consulting firm specializing in healthcare sectors, aiding clients with market entry strategies and regulatory development. The acquisition aims to enhance Novo's service offerings and support global clients entering North American markets. CEO Robert Mattacchione emphasized the partnership's potential to strengthen both firms' positions in the healthcare industry.
Novo Integrated Sciences, Inc. (NASDAQ: NVOS) has announced that CEO Robert Mattacchione will present at the Maxim Group 2022 Virtual Growth Conference on March 28-30, from 9:00 a.m. to 5:00 p.m. EDT. This virtual event will include presentations and discussions with executives across various sectors, including healthcare and technology. Interested attendees can register via the provided link. Novo Integrated Sciences focuses on a patient-first healthcare model emphasizing decentralized service networks, advanced technology integration, and product innovation.
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