08:22:11 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Patient Home Monitoring Corp
Symbol PHM
Shares Issued 212,550,959
Close 2015-03-27 C$ 1.39
Market Cap C$ 295,445,833
Recent Sedar Documents

Globe says analyst likes Patient Home Monitoring

2015-03-30 09:36 ET - In the News

The Globe and Mail reports in its Monday edition one of the elite listings on the lowly TSX Venture Exchange is Patient Home Monitoring, which has unleashed a wave of acquisitions to bring about a four-fold increase in its share price over the last year. The Globe's Tim Shufelt writes the company has plenty of room to grow. "Normally one hears of stocks that the 'easy' money has been made," Beacon Securities analyst Doug Cooper said in a recent note. "However, we believe with PHM, the opposite is the reality." Underlying the company's business model are some powerful trends in U.S. health care. An aging population, combined with capacity strains on health-care facilities, has ensured a high growth rate in the home-based health-care services market. "In a period of uncertainty in the economy, we believe the U.S. health-care service industry, especially one catering to the aging baby boom generation, offers a relatively safe haven," Mr. Cooper said. While listed in Canada, the company targets the highly fragmented U.S. home monitoring market, acquiring smaller regional businesses that need capital to expand. Patient Home Monitoring combines acquisition-based growth with considerable organic growth.

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