Viemed drives ‘strong results’ in Q3
By HME News Staff
Updated 9:02 AM CDT, Thu November 2, 2023
LAFAYETTE, La. – Viemed Healthcare reported net revenues of $13.6 million for the third quarter of 2023, an increase of 38% over the same quarter in 2022.
Net income for the quarter was $2.9 million, a 177% increase. Adjusted EBITDA was $12.1 million, a 73% increase.
“Viemed is executing flawlessly on our strategic objectives, driving strong financial results and remarkable growth,” said Casey Hoyt, CEO. “Our seamless integration of the HMP acquisition has accelerated our expansion of the core complex respiratory business and is rapidly diversifying our respiratory offerings. This significant stride is a testament to our steadfast focus on reaching more patients, enhancing their lives, and improving outcomes."
Viemed increased its ventilator patient count to 10,244, a 12% increase over the ventilator patient count on Sept. 30, 2022.
The company says it expects to generate net revenues of approximately $49.8 million to $51.0 million during the fourth quarter of 2023.
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