Welcome to our dedicated page for Quipt Home Medical news (Ticker: QIPT), a resource for investors and traders seeking the latest updates and insights on Quipt Home Medical stock.
Quipt Home Medical Corp. operated as a U.S.-based home medical equipment provider focused on end-to-end respiratory care, in-home monitoring and disease management services for the U.S. healthcare market. Company updates centered on respiratory solutions, resupply activity, chronic disease management offerings, operating and financial results, capital-structure disclosure, governance matters and shareholder voting.
Quipt's later news documented the completed plan of arrangement through which all outstanding common shares were acquired for cash by a purchaser funded by affiliates of Kingswood Capital Management and Forager Capital Management. The completed transaction changed the public-company status of the former Nasdaq and TSX-listed QIPT common shares.
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Quipt Home Medical Corp. (NASDAQ:QIPT) has signed a significant national insurance contract with a major U.S. health insurer, marking its second such agreement since April 2022. This contract is expected to enhance patient access and accelerate organic growth. The company is currently serving over 270,000 active patients and reports an anticipated annualized revenue of $220 million and adjusted EBITDA of $49 million. CEO Greg Crawford expressed optimism about leveraging this contract to capture more eligible patients and enhance the company's growth strategy, following its largest acquisition to date.
Quipt Home Medical Corp. (NASDAQ: QIPT) announced its participation in the Sidoti March Small-Cap Virtual Conference, scheduled for March 22-23, 2023. Members of the management team will host a webcasted presentation on March 22 at 1:45 PM ET, focusing on their end-to-end respiratory care services and in-home monitoring solutions. This event highlights Quipt's strategy to expand its offerings for chronic disease management in the U.S. healthcare market. The live presentation will be accessible on Quipt's website and available for replay afterward.