Brief: Quipt Announces Execution Of LOI To Acquire Leading Respiratory Supplier

Quipt Home Medical

16/11/2021 12:57

Nov 16 (Reuters) - Quipt Home Medical Corp  QIPT.O :
    * QUIPT ANNOUNCES EXECUTION OF LOI TO ACQUIRE LEADING
RESPIRATORY
SUPPLIER WITH APPROXIMATELY $13 MILLION IN ANNUALIZED REVENUE
AND $1.6 MILLION IN NET INCOME AND PROVIDES OUTLOOK FOR 2022
CALENDAR END RUN-RATE OF $180-$190 MILLION WITH $38-$43 MILLION
IN A
    * QUIPT HOME MEDICAL CORP - ACQUISITION WOULD BE EXPECTED TO
INCREASE QUIPT'S ANNUAL REVENUES BY APPROXIMATELY $13 MILLION
AND $1.6 MILLION IN NET INCOME
    * QUIPT HOME MEDICAL - EXPECTS TO CLOSE ACQUISITION FOR CASH
AT A
REASONABLE MULTIPLE THAT WOULD IMMEDIATELY BE ACCRETIVE TO CO'S
ADJUSTED EBITDA & NET INCOME

Source text for Eikon:  ID:nGNX20xq1D 
Further company coverage:  QIPT.O 

 ((Reuters.Briefs@thomsonreuters.com;))