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Quipt Home Medical Corp. (symbol: QIPT) is a rapidly growing leader in the provision of clinical respiratory equipment and services to patients. The company offers a variety of in-home monitoring equipment, supplies, and services, designed to help patients manage their health conditions effectively from the comfort of their homes.
Core Services:
- Daily and Ambulatory Aides: Providing essential daily living aids and ambulatory equipment to enhance patient mobility and independence.
- Power Mobility: Offering power mobility solutions, including electric wheelchairs and scooters, improving patients' quality of life and independence.
- INR Self-Testing: Enabling patients to conduct INR self-testing at home, ensuring regular monitoring and management of anticoagulation therapy.
- Respiratory Equipment Rental: Supplying rental respiratory equipment to patients in need of temporary or long-term respiratory support.
- Home Ventilation: Providing advanced home ventilation solutions for patients requiring continuous respiratory support at home.
- Oxygen Therapy: Offering oxygen therapy services to patients with chronic respiratory conditions, ensuring they receive the necessary oxygen levels for optimal health.
- Sleep Apnea and PAP Treatment: Delivering personalized sleep apnea solutions, including Positive Airway Pressure (PAP) devices, to help patients achieve better sleep and overall health.
Quipt Home Medical Corp. has demonstrated strong financial performance, as evidenced by its recent report of an Adjusted EBITDA margin of 23.5% for Fiscal Q4 and 22.8% for the Fiscal Year 2023. This underscores the company's efficient operations and growing profitability.
Additionally, the company continues to expand its reach and impact through strategic partnerships and innovative projects. With a focus on improving patient outcomes and enhancing the quality of in-home healthcare services, Quipt Home Medical Corp. remains committed to its mission of providing accessible, high-quality healthcare solutions.
For the latest updates, financial performance, and detailed information, visit Quipt Home Medical Corp.
Quipt Home Medical Corp. (NASDAQ:QIPT) announced a non-binding letter of intent to acquire a private respiratory care company operating in seven U.S. states, generating approximately $14 million in annual revenue and $1 million in net income. The acquisition aims to enhance Quipt's respiratory care offerings in long-term settings and leverage cross-selling opportunities. Closing is expected within 90 days, pending due diligence and necessary approvals. The acquisition is projected to add $14 million in revenue and $1 million in net income to Quipt, with no assumption of long-term debt from the target.
Quipt Home Medical Corp. has announced the acquisition of a privately held biomedical services company, enhancing its presence in the home medical equipment sector. This strategic move, valued at approximately $700,000, is projected to increase Quipt's annual revenues by $1.5 million and net income by $225,000. The acquisition allows Quipt to offer biomedical repair services, facilitating operational efficiency for healthcare providers and positioning the company for growth within long-term care facilities and hospital systems.
Quipt Home Medical Corp. (NASDAQ:QIPT) announced a non-binding letter of intent to acquire a private respiratory care company in the Midwest, which recorded approximately $13 million in revenues and $1.6 million in net income over the last twelve months. The acquisition aims to increase Quipt’s active patient count by over 15,000, bringing the total to around 170,000. The expected annual revenue impact is approximately $13 million, enhancing Quipt’s market presence and synergies while also providing new growth opportunities in clinical ventilation therapy. Closing is anticipated within 60 days.
Quipt Home Medical Corp. (NASDAQ:QIPT) has successfully acquired a business in Illinois, enhancing its annual revenues by approximately $2.5 million with an expected Adjusted EBITDA margin of 25%. This acquisition adds over 3,700 active patients and strengthens Quipt's position in a market with a high prevalence of COPD. The total transaction value is $2.2 million, including $1.7 million in cash for DME operations. This strategic expansion complements Quipt's existing infrastructure and patient base, contributing to its growth strategy across key U.S. states.
Quipt Home Medical Corp. (NASDAQ:QIPT) has acquired a Mississippi-based business for approximately $1.95 million. The acquisition is expected to generate $2.7 million in annual revenues and an Adjusted EBITDA of $0.5 million post-integration, resulting in a 20% margin. This expands Quipt’s operational footprint to 150,000 active patients and adds 590 referring physicians. The new locations will enhance Quipt's cross-selling opportunities and strengthen its insurance contracts in the region.
Quipt Home Medical Corp. (NASDAQ: QIPT) announced management's upcoming participation in investor conferences, including the Benzinga Healthcare Small Cap Conference on September 30, 2021, and the MicroCap Rodeo on October 5, 2021. Live webcasts of these presentations will be accessible on the company's website, with replays available post-event. Quipt focuses on in-home monitoring and chronic disease management, aiming to enhance shareholder value by expanding service offerings for patients with various health conditions.
Quipt Home Medical Corp. (NASDAQ:QIPT) will ring the Nasdaq Opening Bell on September 2, 2021, in celebration of its recent listing. CEO Greg Crawford highlighted the achievement as a milestone for the company and its over 600 employees. Quipt has experienced significant growth, adding 25,000 active patients and generating over $11 million in revenue across four new states in the last two months. The company aims to expand its offerings in chronic disease management while enhancing shareholder value by increasing annual revenue per patient.
Quipt Home Medical Corp. (NASDAQ: QIPT) reported a 41% increase in revenue for Q3 2021, totaling $26.2 million, compared to $18.6 million in Q3 2020. Year-to-date, the Company achieved 11% organic growth. Adjusted EBITDA rose 21% to $5.3 million, with a margin of 20.2%. Net income was $6.3 million or $0.19 per share. The Company reported 75% recurring revenue and increased its customer base by 74%. Quipt continues its expansion strategy, integrating three new acquisitions with estimated annual revenues of $5.5 million.
Quipt Home Medical Corp. (NASDAQ: QIPT) recently announced the acquisition of a Missouri-based business, expected to generate $5.5 million in annualized revenues and increase Adjusted EBITDA by $1.1 million post-integration.
The transaction, valued at approximately $2.25 million in cash, adds three new locations and 15,000 active patients, enhancing Quipt's network of 145,000 active patients and 60 locations across the U.S.
Quipt Home Medical Corp. (NASDAQ:QIPT) is set to release its third quarter 2021 financial results on August 23, 2021, after market close. CEO Gregory Crawford and CFO Hardik Mehta will host a conference call on August 24, 2021, at 10:00 a.m. ET. The company specializes in in-home monitoring and disease management services, particularly for respiratory care, and aims to enhance shareholder value by expanding its service offerings. Quipt's strategy focuses on increasing annual revenue per patient by providing multiple services to streamline patient care.
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