Posted on July 27, 2022 by Scott Shuda
Is your portfolio in need of healthcare? Do you want to get it out of the ICU and back home safe and sound? How about getting your investing blood pressure back closer to 120/80?
“Quipt Business Progresses, Stock Price Should Soon Follow” is the title of his new piece on Seeking Alpha. QIPT is rapidly becoming a player in home healthcare, an area that demographically is a winner. Aaron points out why QIPT is timely medicine.
“I have been holding off on updating the Seeking Alpha community on Quipt Home Medical’s (NASDAQ:QIPT) recent progress until after they report earnings, likely sometime in August. However, QIPT has made multiple accretive acquisitions and announced two material business development wins with large players in the healthcare space recently. On top of that, we could be near a pivotal moment where the company is able to force the conversion of its outstanding convertible debentures into shares of common equity.”
Chances are you know someone that has required in-home healthcare. QIPT provides in-home monitoring and disease management such as respiratory, pulmonary, sleep disorders, reduced mobility, and chronic health conditions.
By providing a broad range of services the Company’s organic growth strategy is to increase annual revenue per patient by offering multiple services to the same patient, consolidating the patient’s services, and making life easier for the patient.
The home healthcare industry is full of small providers, making it a ripe arena for consolidation. QIPT has made an impressive number of acquisitions giving it more economy of scale and geographic reach.
The stock has looked healthy, rising 20% in July and settling at $5.30 yesterday. The 52 week high is $6.99. It sports a small market cap of $176.77M.
Click the link to Aaron’s excellent article and don’t forget to hit Like This Article.
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Hope makes a good breakfast. Eat plenty of it. – IAN FLEMING
Good luck to all – Chris
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