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Stock impact report

Quipt Announces Execution of LOI to Acquire Leader in Comprehensive Respiratory Care Within the Long-Term Care Setting With Approximately $14 Million in Annualized Revenue and $1 Million i...

Quipt Home Medical Corp. - Common Shares (QIPT) 
Company Research Source: GlobeNewswire
Target Would Serve as Quipt’s Entrance Into Comprehensive Respiratory Care Within the Long-Term Care Setting, and Provide Cross Selling Opportunity Target Services Seven States, Including Four New States Within Quipt’s Operating Footprint, With 165 Respiratory Therapists CINCINNATI, Nov. 22, 2021 (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 executed a non-binding letter of intent (the “LOI”) dated November 22, 2021 to acquire an arm’s length private respiratory care company servicing seven states throughout the U.S. reporting unaudited trailing 12-month annual revenues of approximately $14 million, $1 million in net income, and positive Adjusted EBITDA (defined below). Acquisition Details The target specializes in providing high-quality, comprehensive respiratory care to patients in the l Show less Read more
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