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The latest update is out from Quipt Home Medical ( (TSE:QIPT) ).
Quipt Home Medical has announced a strategic joint venture with three major health systems, acquiring a 60% stake in Hart Medical Equipment. This move is set to enhance Quipt’s presence in the Midwest, particularly with its entry into the Michigan market, and is expected to add $60 million in revenue. The partnership will strengthen Quipt’s integration with healthcare systems, leveraging Hart’s established relationships with hospitals and care facilities. The transaction is anticipated to close by the end of Fiscal Q4, 2025, and is expected to align with Quipt’s strategic goals of expanding its service network and improving patient care outcomes.
The most recent analyst rating on (TSE:QIPT) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Quipt Home Medical stock, see the TSE:QIPT Stock Forecast page.
Spark’s Take on TSE:QIPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:QIPT is a Neutral.
Quipt Home Medical’s overall stock score reflects strong financial performance in terms of revenue growth and cash flow management, but is tempered by profitability challenges and valuation concerns. Technical indicators suggest caution, while recent corporate events and strategic initiatives provide a positive outlook for future growth.
To see Spark’s full report on TSE:QIPT stock, click here.
More about Quipt Home Medical
Quipt Home Medical Corp. is a U.S.-based provider of home medical equipment, primarily focused on end-to-end respiratory care. The company is known for its comprehensive services in the healthcare industry, catering to patients’ needs through strategic partnerships and a strong market presence.
Average Trading Volume: 43,583
Technical Sentiment Signal: Sell
Current Market Cap: C$126.9M
Find detailed analytics on QIPT stock on TipRanks’ Stock Analysis page.