(NEW YORK)–As cases of the respiratory disease coronavirus increase home medical equipment supplier Viemed Healthcare, Inc. (NASDAQ: VMD) and TSX: VMD.TO) could look to benefit from increased use of home respirators and ventilators as hospital care comes under pressure.
Viemed Healthcare is a home medical equipment supplier that provides post-acute respiratory care services in the United States. The Company specialize in “Non-Invasive Ventilation” (NIV) which can lessen the effort required to breathe. If a patient requires a lot of effort to breathe, using NIV would allow you a period of easier breathing by taking the workload off your respiratory muscles.
Since coronavirus is a respiratory disease the need for ventilators and respirators may be required, especially for more elderly or patients with chronic conditions.
The Company also offers Oxygen therapy is a treatment to provide extra oxygen as some diseases like coronavirus can prevent you from getting enough oxygen.
Hospitals May Force More Home-care
The core focus of any government purchases of ventilators may be on the larger hospital grade machines, but with pressure expected to build on hospitals and healthcare facilities as chronic cases increase look for more and more patients to be referred home for home healthcare, which could incorporate the use of home ventilators.
Potential Price Target
Aside from VMD ventilators and Oxygen therapy what makes this play most attractive is its valuation, with a Price Earnings Ratio (PE) of just around 12, or forward PE of just 9, based on current $3.00 share price.
Ludlow Research, an equity research firm based in New York City, recently issued alert on VMD noting the stock had came down from around $6.00 to $3.00 per share, and could offer unique value play for traders. They maintain ‘speculative’ short-term target of $5.00+ on VMD as overall market recovers from correction.
ABOUT VIEMED HEALTHCARE, INC.
Viemed, through its indirect wholly-owned subsidiaries Sleep Management, L.L.C. and Home Sleep Delivered, L.L.C., is a home medical equipment supplier that provides post-acute respiratory care services in the United States. Sleep Management, L.L.C. focuses on disease management and improving the quality of life for respiratory patients through clinical excellence, education, and technology. Its service offerings are based on effective home treatment with respiratory care practitioners providing therapy and counseling to patients in their homes using cutting edge technology. Home Sleep Delivered, L.L.C. focuses on providing in-home sleep testing for sleep apnea sufferers. Visit our website at www.viemed.com
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This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial adviser before making any and all investment decisions when investing in these type of securities
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