Q: please comment on todays news of qipt acquisition and what it may mean
to stock valuation. i do not see how they are paying for it or what they paid, nor
the name of the company. pretty vague.
thank you.
to stock valuation. i do not see how they are paying for it or what they paid, nor
the name of the company. pretty vague.
thank you.
5i Research Answer:
The target was not named, and financial metrics were not disclosed. QIPT says it adds $9M in revenue and $2M in EBITDA, with ten locations across three States, and 17,500 patients. With $221M in revenue expected this year, the deal is not very material and this is likely why full info was not released. It represents less 4% of revenue. But it seems typical and we would certainly not consider it a bad acquisition just because data is incomplete.