Demographic TrendsCRRX is seen as an attractive story, playing into the aging demographics theme, with reaccelerating bed growth and a margin expansion tailwind.
Financial HealthCRRX has renewed its NCIB of 1.5m shares or ~2.4% of its 62.9m shares outstanding, and initiated its first quarterly dividend, indicating strong financial health.
Operational EfficiencyCRRX remains well-positioned to achieve its margin expansion goal, supported by bed growth, operational efficiencies and procurement gains.