Viemed Healthcare

Viemed Healthcare

VMD

Last Updated On: June 1, 2018

Share Price On This Date: $4.72

Provides in-home non invasive ventilation services to patients with severe respiratory disease.

Summary

Through its team of respiratory therapists, Viemed Healthcare offers in-home non-invasive ventilation services to patients with severe respiratory disease. Since portable ventilation machines were first introduced into the market in 2012, the company has grown rapidly and now serves over 12,000 patients in 24 states. In 2017, the company grew revenues by close to 50% and enjoyed strong profitability. I am expecting continued rapid growth from this company as they expand into other geographic regions and add new therapists and patients to their network. Offsetting this rosy outlook is a very real concern that they are very dependent on a single medicare billing code. If the regulations around this billing code are changed or reimbursement rates cut, as they were in 2016, this could have a very material impact on this company's results. As a consequence, I am putting a "hot and spicy" label on this stock and would advise caution when dealing in these shares.

For the full, in-depth review, please see Spotlight on Viemed Healthcare.

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