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Tag: Quipt Home Medical


Hardik Mehta

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Quipt addresses investigation, commits to e-prescribing

February 23, 2024Theresa Flaherty, Managing Editor

CINCINNATI – Quipt Home Medical’s strong fiscal first quarter was tempered by news of a recently-announced investigation into certain claims, during a recent earnings call.   Quipt has disclosed that it has received a civil investigative demand from the U.S. Attorney’s Office for the Northern District of Georgia pursuant to the False Claims Act regarding an investigation concerning whether the company may have caused the submission of false claims to government health...

e-prescribing, Investigation, Quipt Home Medical


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In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary 

February 16, 2024HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.  Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.  “We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...

Cardinal Health, Paragon Ventures, Quipt Home Medical


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Quipt reports ‘robust’ financial results 

February 15, 2024HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.  Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.  “We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...

Financial Results, fiscal 2024, Quipt Home Medical, Second Quarter (Q2)


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In brief: Older adults & tech adoption, Quipt’s new capital 

January 3, 2024HME News Staff

WASHINGTON – A new AARP survey finds that older Americans are just as likely to own a smartphone, tablet or other device.  Nearly nine out of 10 Americans – 89% of those 50-plus and 90% of those 18-49 – own a smart phone, according to “2024 Tech Trends and Adults 50+.”  Other findings:  Only 13% of adults 50-plus are currently taking advantage of technology to manage their health, despite 69% having one or more chronic or serious conditions....

AARP, Quipt Home Medical, seniors, Technology


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Also Noted

Quipt accesses new capital 

January 2, 2024HME News Staff

CINCINNATI – Quipt Home Medical has filed a preliminary short form base shelf prospectus with the securities commission in each of the provinces and territories of Canada, as well as a corresponding registration statement on Form F-10 with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System. The shelf prospectus and registration statement allow the company to offer up to C$300,000,000 of common shares/preferred shares/debt securities/warrants...

Quipt Home Medical, shelf prospectus, U.S. Securities and Exchange Commission


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Quipt Home Medical looks to ‘favorable’ 2024

December 21, 2023Theresa Flaherty, Managing Editor

CINCINNATI – Quipt Home Medical sees no signs of “slowing down” as it continues to drive organic growth rates of 8% to 10% annually, company execs say.  Quipt expects that growth to continue steadily into 2024, said CEO Greg Crawford on a recent call to discuss the company’s fourth quarter and fiscal year 2023 earnings.  “Due to our focus on growing the continuum of care, cross-selling product categories, taking advantage of the benefits of normalized...

Home Medical Equipment (HME), Quipt Home Medical


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Quipt looks to ‘favorable’ 2024

December 21, 2023Theresa Flaherty, Managing Editor

CINCINNATI – Quipt Home Medical sees no signs of “slowing down” as it continues to drive organic growth rates of 8% to 10% annually, company execs say.  Quipt expects that growth to continue steadily into 2024, said CEO Greg Crawford on a recent call to discuss the company’s fourth quarter and fiscal year 2023 earnings.  “Due to our focus on growing the continuum of care, cross-selling product categories, taking advantage of the benefits of normalized...

Home Medical Equipment (HME), Quipt Home Medical


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Quipt Home Medical exits FY23 with strong momentum 

December 19, 2023HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $221.7 million for fiscal year 2023, a 59% increase compared to the previous year.  It reported a net loss of $2.8 million vs. a net loss of $4.8 million, and an adjusted EBITDA of 22.8% of revenue vs. 20.9% of revenue.  “We exited fiscal 2023 with strong momentum across the organization, and substantial operating scale achieved, posting record results,” said CEO and Chairman Greg Crawford. “Our growth strategy...

Financial Results, Quipt Home Medical


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In brief: Quipt buy, oxygen template, Woman of the Year 

September 13, 2023HME News Staff

CINCINNATI – Quipt Home Medical has acquired a business with operations in Mississippi, Texas and Louisiana reporting unaudited annual revenues of about $9 million and adjusted EDITDA of $2 million post-integration.  The company says the acquisition adds scale with 10 locations, 17,500 active patients, 1,900 unique referring physicians and important insurance contracts.  “The completion of this transaction demonstrates our ongoing patience and discipline as it relates...

O&P Woman of the Year, Quipt Home Medical, Template


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Quipt reaches tipping point with new acquisition 

September 11, 2023HME News Staff

CINCINNATI – Quipt Home Medical has acquired a business with operations in Mississippi, Texas and Louisiana reporting unaudited annual revenues of about $ 9 million and adjusted EDITDA of $2 million post-integration.  The company says the acquisition adds scale with 10 locations, 17,500 active patients, 1,900 unique referring physicians and important insurance contracts.  “The completion of this transaction demonstrates our ongoing patience and discipline as it relates...

Mergers & Acquisitions (M&A), Quipt Home Medical, Respiratory


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