Nasdaq Profile (QIPT) Shoots Green Early On Breaking Acquisition News, Read Immediately
QIPT is making early green moves today.
One reason this may be occurring is QIPT just dropped huge acquisition news.
Check it out:
Quipt Accelerates National Expansion Efforts with Acquisition of Multi State Operator - Good Night Medical - Significantly Bolstering Commercial Contract Portfolio
Acquisition Adds $7.5Mn in Annualized Revenues, 20% Adjusted EBITDA Margin Post Integration, and Over 10,000 Active Patients
CINCINNATI, April 19, 2022 (GLOBE NEWSWIRE) -- Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ:QIPT; TSXV:QIPT), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is very pleased to announce that it has acquired Good Night Medical, LLC (“Good Night Medical”), a business with operations across seven U.S. states, reporting unaudited trailing 12-month annual revenues of approximately $7.5Mn and with anticipated Adjusted EBITDA (defined below) of $1.5Mn (20% margin) post integration. As a reminder all figures stated are in USD.
Read the full article here.
With today's early green trend and hitting a high of $4.59 so far, QIPT has also moved above several lines of potential support. Those would be its:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
If potential support grows at those levels, it could become building blocks for an even bigger near term move.
Take a moment now to read my initial QIPT report below. In it you'll find that today's announced acquisition isn't their first for 2022. Plus, you'll find key analyst info and revenue news.
Get QIPT on your screen now.
*Quipt Home Medical Corp. (Nasdaq: QIPT)*
Quipt Home Medical is a publicly traded healthcare services company that aims to specialize in improving the home management of chronic illness through the application of telehealth systems and streamlined, automated distribution making life easier for the patient and physician.
And right now, the company has 4 must-see potential catalysts including:
#1. Unreal Analyst Coverage And A Significant Target
#2. Revenue Growth In 2021 (And Q1 2022)
#3. Major 2022 Acquisition Announcement
#4. Another Low Float Profile
But more on those in a second...
QIPT Company Vision
The aging population alone in the U.S. will generate 5% to 6% revenue growth per year.
Quipt’s technology platform seamlessly integrates all facets of the organization, providing valuable insight and actionable data to the company’s management team.
The management of quipt has over 50 years of combined experience in healthcare management and acquisitions with over $500Mn in transactions.
The Aging Population Alone In The U.S. Will Generate 5% To 6% Revenue Growth Per Year
Growing Organic Market
- 10,000 people are turning 65 every day for the next 15 years
- The number of Americans suffering from sleep apnea has increased by approximately 70% over the pas t25 years
- The utilization of oxygen among patients 65 and over continues to increase, especially among COPD patients which as a demographic has shown an increase of 15% in the last 5 years
- From 2015 to 2030, it is expected that the number of Americans with 3 or more chronic diseases will increase by 171% to over 83 million people
Diversified Product Offering
To capitalize on this organic growth, Quipt is focused on diversifying its product offering through the continuum of care to establish broad-based touch points inside of referring healthcare institutions and referring physicians.